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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office Spaces
40 Mitchell Rd Sylva, NC 28779-2616
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2641132
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Total area
3,604 SF
Lot
1.08 ac (47,045 SF)
Zoning code
I1 INDUSTRIAL DISTRICT
APN
7642-63-5342
UPID
US53-2641132
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
-
Gregory W. Salyer, AU Physician
-
Chrislyn Lee L Fite Dental Office
-
Cataloochee Dental Group Dental Office
-
Cataloochee Dental Group - Sylva Dental Office
-
Dr. John Buenting Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$550k
Owner & transaction history
Zane Bodnar Properties LLC · 4 yrs held
Zane Bodnar Properties LLC
since 2022
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
I1 INDUSTRIAL DISTRICT · Sylva, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$695,000
+19.1%
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 Sylva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylva 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
$600,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Current use
RETAIL STORES
$695,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Mar 8 2022)
Last sale anchor
$550k
Mar 8 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
$153 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,099
Tax year 2023
Assessed value
$552,350
Assessed 2023
Previous assessed
$552,350
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$226,800
Assessed improvement
$325,550
Applied tax rate
15.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
3,604 SF
Lot
1.08 ac (47,045 SF)
Zoning code
I1 INDUSTRIAL DISTRICT
APN
7642-63-5342
UPID
US53-2641132
Jurisdiction
JACKSON
Zoning & alternative use
I1 INDUSTRIAL DISTRICT · Sylva, NC
Zoning I1 INDUSTRIAL DISTRICT · permitted uses
I1 INDUSTRIAL DISTRICT · Sylva, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylva. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$580,000
RETAIL STORES
Est. value
$695,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Zane Bodnar Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
103 HAYWOOD PARK DR, CLYDE, NC 28721-4405
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
Zane Bodnar Properties LLC
—
Deed
related
$1,945,300 · Bank Of Ozark
Apr 13, 2022
—
Bodnar & Wyatt PLLC
—
Deed
related
$1,398,000 · United Community Bank
Mar 8, 2022
$550,000
Zane Bodnar Properties LLC
Mitchell Road LLC
Warranty Deed
—
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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