Entity Owned
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For Sale
Contact for pricing
342 Banner Farm Rd, Mills River, NC 28759
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Total area
90,000 SF
Lot
9.43 ac (410,771 SF)
Zoning code
1001311~MR-LI
APN
9631736291
UPID
US53-0523938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.46M
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$6.83M
Owner & transaction history
since 2021
5 recorded transactions
Zoning & alternative use
1001311~MR-LI · Mills River, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.83M
Value range
$6.15M – $7.51M
±10% around blend
Estimated value / SF
$76 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$6.15M
blend $6.83M
$7.51M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
90,000 SF
Lot area
9.43 ac
Year built
2021
Stories
1
APN
9631736291
Zoning
1001311~MR-LI
Assessed value
$10,252,100
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.46M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.17M
@ 6.5% CAP return
$8.46M
@ 7% CAP return
$7.86M
4
Sales comparison
Partial preview
Sales approach indication
$4.87M
Range $2.11M – $6.71M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.83M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 33 sales
$123
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $76/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.25M
Move the market yield to see immediate price impact.
Value / SF
$114
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$646k
$12.92M
$9.23M
$7.18M
$718k
$14.35M
$10.25M
$7.97M
$789k
$15.79M
$11.28M
$8.77M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$10,252,100
Assessed 2024
Previous assessed
$10,252,100
+0.0% YoY
Assessed land
$3,536,300
Assessed improvement
$6,715,800
Land market value
$3,536,300
Improvement market value
$6,715,800
Total market value
$10,252,100
Applied tax rate
60.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
2021
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
90,000 SF
Lot
9.43 ac (410,771 SF)
Zoning code
1001311~MR-LI
APN
9631736291
UPID
US53-0523938
Jurisdiction
HENDERSON
Zoning & alternative use
1001311~MR-LI · Mills River, NCZoning 1001311~MR-LI · permitted uses
1001311~MR-LI · Mills River, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
9.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
1001311~MR-LI
Jurisdiction
Mills River, NC
Recorded code
1001311~MR-LI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 1001311~MR-LI in Mills River, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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