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Property profile & analytics
OFF-MARKET
Estimated value
$5,055,000
Auto shops
405 Linville St, Newland, NC 28657-8029
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3456023
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Construction
STONE
Total area
12,156 SF
Lot
1.74 ac (75,794 SF)
APN
18361952838800000
UPID
US53-3456023
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.06M
Owner & transaction history
Gty Auto Service LLC · 2 yrs held
Gty Auto Service LLC
since 2024
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
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 Newland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newland 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
$5,055,000
ML approach
$5,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±10% · vs last sale $5.05M (Jan 26 2024)
Last sale anchor
$5.05M
Jan 26 2024
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
$416 / 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
$2,535
Tax year 2023
Assessed value
$633,800
Assessed 2023
Previous assessed
$633,800
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$440,500
Assessed improvement
$193,300
Land market value
$440,500
Improvement market value
$193,300
Total market value
$633,800
Applied tax rate
5.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1990
Construction
STONE
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Total area
12,156 SF
Lot
1.74 ac (75,794 SF)
APN
18361952838800000
UPID
US53-3456023
Jurisdiction
AVERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Gty Auto Service LLC
Entity
Free & Clear · 2 yrs held
Mailing address
292 MADISON AVE FL, NEW YORK, NY 10017-6307
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$5,052,500
Gty Auto Service LLC
Nr Auto Store 56 LLC
Special Warranty Deed
—
Jan 24, 2024
$3,250,000
Nr Auto Store 56 LLC
Hank And John Properties LLC
Special Warranty Deed
—
Aug 5, 2020
—
Hank & John Properties LLC
—
Deed Of Trust
related
$150,000 · United Cmnty Bk
Aug 8, 2016
—
Hank & John Properties LLC
—
Deed
related
$50,000 · United Cmnty Bk
Apr 20, 2015
—
Hank & John Properties LLC
—
Trustees Deed
related
$50,000 · United Cmnty Bk
Aug 12, 2008
—
Hank & John Properties LLC
Phillips,jerry W & Mary
Warranty Deed
$100,000 · United Community Bank
—
—
Hank & John Properties LLC
—
Deed Of Trust
related
$838,000 · United Cmnty Bk
—
—
Hank & John Properties LLC
—
Deed Of Trust
related
$50,000 · United Community Bank
—
—
Hank & John Properties LLC
—
Deed Of Trust
related
$150,000 · United Community Bank
—
—
Hank & John Properties LLC
—
Loan Modification
related
$50,000 · United Cmnty Bk
—
—
Hank & John Properties LLC
—
Deed Of Trust
related
$150,000 · United Cmnty Bk
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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