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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Breweries
425 State St Black Mountain, NC 28711-3344
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0279658
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
1999
Construction
BRICK
Total area
10,532 SF
Lot
0.95 ac (41,382 SF)
Zoning code
DEED DATE:08/26/2020 DEED
APN
0619-14-3781-00000
UPID
US53-0279658
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
-
CVS Pharmacy Pharmacy
-
CVS Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store Printing Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
CDReload - Online Bitcoin ATM Atm Currency Exchange 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
$3.33M
Owner & transaction history
Emerald Black Mountain LLC · 5 yrs held
Emerald Black Mountain LLC
since 2020
Last sale
$3.5M
1 recorded transaction
Zoning & alternative use
DEED DATE:08/26/2020 DEED · Black Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+115.3%
Medical building
$2.4M
+40.9%
Commercial (general)
$2.4M
+39.4%
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
$3,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,630,000
Change: +115% · Conversion: Difficult
MEDICAL BUILDING
$2,375,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,350,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$2,140,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,000,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±10% · vs last sale $3.45M (Aug 26 2020)
Last sale anchor
$3.45M
Aug 26 2020
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
$316 / 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
$12,022
Tax year 2024
Assessed value
$1,433,600
Assessed 2024
Previous assessed
$1,433,600
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$517,300
Improvement market value
$916,300
Total market value
$1,433,600
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
10,532 SF
Lot
0.95 ac (41,382 SF)
Zoning code
DEED DATE:08/26/2020 DEED
APN
0619-14-3781-00000
UPID
US53-0279658
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:08/26/2020 DEED · Black Mountain, NC
Zoning DEED DATE:08/26/2020 DEED · permitted uses
DEED DATE:08/26/2020 DEED · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1999
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Emerald Black Mountain LLC
Entity
Mailing address
PO BOX 28639, SAN DIEGO, CA 92198-0639
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
$3,450,000
Emerald Black Mountain LLC
Wec 99j 78 LLC
Special Warranty Deed
$2,415,000 · Academy Bank NA
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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