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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Warehouses
34 Redmond Dr, Fletcher, NC 28732-9313
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1465108
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.81 ac (35,284 SF)
Zoning code
DEED DATE: 2022-10-11 DEE
APN
9643-95-2496-00000
UPID
US53-1465108
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Precision Garage Door Service Building Supply General Contractor
-
Acanthus Interiors General Contractor Renovation Specialist
-
House of Brandstracts (Bike/Boat/Book/etc) Store
-
SDV Medical Production Facility
-
Carolina Home Lift LLC General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$795k
Owner & transaction history
Decisive Ventures LLC · 3 yrs held
Decisive Ventures LLC
since 2022
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 2022-10-11 DEE · Fletcher, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+86.2%
Auto repair, garage
$1.1M
+74.2%
Office building
$1.1M
+70.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fletcher submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fletcher submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
RETAIL STORES
$1,220,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,140,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$1,115,000
Change: +71% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $900k (Oct 11 2022)
Last sale anchor
$900k
Oct 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,369
Tax year 2024
Assessed value
$547,200
Assessed 2024
Previous assessed
$547,200
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$194,100
Improvement market value
$353,100
Total market value
$547,200
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
2
Total area
6,000 SF
Lot
0.81 ac (35,284 SF)
Zoning code
DEED DATE: 2022-10-11 DEE
APN
9643-95-2496-00000
UPID
US53-1465108
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-10-11 DEE · Fletcher, NC
Zoning DEED DATE: 2022-10-11 DEE · permitted uses
DEED DATE: 2022-10-11 DEE · Fletcher, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fletcher. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$655,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Decisive Ventures LLC
Entity
Mailing address
26 MACALLAN LN, ASHEVILLE, NC 28805-1246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$900,000
Decisive Ventures LLC
Adlm LLC
Warranty Deed
$765,000 · Dogwood State Bank
Mar 22, 2017
$455,000
Adlm LLC
Asa Investments INC
Warranty Deed
—
Sep 1, 2004
$450,000
Asa Investments INC
Kirk Farms LLC
Warranty Deed
$300,000 · United Cmnty Bk
—
—
Asa Investments INC
—
Deed Of Trust
related
$268,000 · Steven Sablotsky
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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