Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Mobile home & RV parks
406 Blue Rdg Rd Black Mountain, NC 28711-3900
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-0043084
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1956
Total area
1,008 SF
Lot
2.6 ac (113,256 SF)
Zoning code
DEED DATE: 11/03/2005 DEE
APN
0609-91-9491-00000
UPID
US53-0043084
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$840k
Owner & transaction history
M & M Mountain Properties LLC · 20 yrs held
M & M Mountain Properties LLC
since 2005
3 recorded transactions
Zoning & alternative use
DEED DATE: 11/03/2005 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
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
$840k
Range $756k – $924k · ±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
$833 / 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
$4,777
Tax year 2024
Assessed value
$550,800
Assessed 2024
Previous assessed
$550,800
+0.0% YoY
Effective rate
0.87%
On assessed value
Land market value
$104,600
Improvement market value
$446,200
Total market value
$550,800
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1956
Heating
YES
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
1,008 SF
Lot
2.6 ac (113,256 SF)
Zoning code
DEED DATE: 11/03/2005 DEE
APN
0609-91-9491-00000
UPID
US53-0043084
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/03/2005 DEE · Black Mountain, NC
Zoning DEED DATE: 11/03/2005 DEE · permitted uses
DEED DATE: 11/03/2005 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
1956
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
M & M Mountain Properties LLC
Entity
Mailing address
PO BOX 1060, BLACK MOUNTAIN, NC 28711-1060
Ownership since
2005
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
Jun 16, 2025
—
M & M Mountain Properties LLC
—
Deed
related
$219,700 · United States Small Business Admin
Nov 3, 2005
$340,000
M & M Mountain Properties LLC
Mwb Properties LLC
Warranty Deed
$260,000 · Wachovia Bank NA
Mar 26, 2004
$30,000
Johnny D Allen
Padgett,mack H
Grant 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.
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 406 Blue Rdg Rd?
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.
