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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Turn key restaurants
371 Airport Rd, Arden, NC 28704
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3960377
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Construction
CONCRETE BLOCKS
Total area
4,256 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DEED DATE: 12/17/2014 DEE
APN
9643-86-2153-00000
UPID
US53-3960377
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
-
Culver's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.18M
Owner & transaction history
Mpg Kernersville LLC · 10 yrs held
Mpg Kernersville LLC
since 2015
6 recorded transactions
Zoning & alternative use
DEED DATE: 12/17/2014 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10%
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
$511 / 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
$9,900
Tax year 2024
Assessed value
$1,608,200
Assessed 2024
Previous assessed
$1,608,200
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$1,006,200
Improvement market value
$602,000
Total market value
$1,608,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2015
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
4,256 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DEED DATE: 12/17/2014 DEE
APN
9643-86-2153-00000
UPID
US53-3960377
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/17/2014 DEE · Arden, NC
Zoning DEED DATE: 12/17/2014 DEE · permitted uses
DEED DATE: 12/17/2014 DEE · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Mpg Kernersville LLC
Entity
Mailing address
467 HENDERSONVILLE RD, ASHEVILLE, NC 28803-2750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2016
—
Dt3a Properties LLC
—
Deed
related
$395,000 · Private Individual
Aug 15, 2016
—
Dt3a Properties LLC
—
Deed
related
$927,350 · United FCU
Aug 7, 2015
$3,204,000
Mpg Kernersville LLC
Lance,leon K & Jane F
Trustees Deed
$9,375,500 · Bank Of Nc
Jun 22, 2011
—
Lance,leon K
Lance Pauline B
Quit Claim Deed
related
—
—
—
Dt3a Properties LLC
—
Loan Modification
related
$927,350 · United FCU
—
—
Dt3a Properties LLC
—
Deed Of Trust
related
$395,000 · Private Individual
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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