New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
404 State St Black Mountain, NC 28711-3519
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0064150
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,172 SF
Lot
0.15 ac (6,534 SF)
Zoning code
DEED DATE: 01/30/2015 DEE
APN
0619-46-5959-00000
UPID
US53-0064150
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
-
The Red Radish Catering Company Take-out & Catering Catering Service
-
Little Sprout Carryout Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bom Dia LLC · 1 yrs held
Bom Dia LLC
since 2025
6 recorded transactions
Zoning & alternative use
DEED DATE: 01/30/2015 DEE · Black Mountain, 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 Black Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Mountain 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,956
Tax year 2024
Assessed value
$233,300
Assessed 2024
Previous assessed
$233,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$65,300
Improvement market value
$168,000
Total market value
$233,300
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
2,172 SF
Lot
0.15 ac (6,534 SF)
Zoning code
DEED DATE: 01/30/2015 DEE
APN
0619-46-5959-00000
UPID
US53-0064150
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 01/30/2015 DEE · Black Mountain, NC
Zoning DEED DATE: 01/30/2015 DEE · permitted uses
DEED DATE: 01/30/2015 DEE · Black Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Black Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bom Dia LLC
Entity
Free & Clear · 1 yrs held
Mailing address
110 CHURCH ST, BLACK MOUNTAIN, NC 28711-3302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 19, 2025
—
Bom Dia LLC
Bom Dia LLC
Deed
related
—
Jan 31, 2019
—
Bom Dia LLC
—
Deed
related
—
Jan 30, 2015
—
Bom Dia LLC
Marcus Duarte
Warranty Deed
$84,000 · Carolina Alliance Bank
Oct 26, 2004
$150,000
Duarte,marcus & Melissa
Wilkie,stephen & Jancie L
Warranty Deed
$135,000 · Central Carolina Bk
Oct 15, 2004
$118,000
Wilkie,stephen C & Janice L
Foxx,patricia E
Grant Deed
$125,000 · Jimmie & Carolyn Mann
—
—
Bom Dia LLC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 404 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
