Entity Owned 
For Sale
1 / 9
Contact for pricing
470 Brickyard Rd, Etowah, NC 28729
View Listing →
Property summary
AI-generated overview
A hospitality and event facility located in Etowah, North Carolina, on approximately 4 acres between Asheville, Brevard, and Hendersonville. The property is being conveyed as a portion of a larger parcel, with final acreage and boundaries to be defined by a seller-provided survey and recorded under the applicable Henderson County GIS PIN. The improvements include roughly 6,000 square feet of restaurant and event space configured for commercial activities such as dining and private gatherings, with an on-site 1,000-square-foot commercial kitchen suitable for full food service and catering. An outdoor event area supports outdoor functions for up to about 150 guests, and the site layout provides for parking, outdoor operations, and future flexibility for related uses.
Property profile
Verified
Property type
Other sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1966
Total area
6,955 SF
Lot
173.84 ac (7,572,470 SF)
Zoning code
9963128~R1
APN
9529524218
UPID
US53-1888156
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Golf Course
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
since 2025
Last sale
$865,000
5 recorded transactions
Zoning & alternative use
9963128~R1 · Etowah, NC
Top alternative use upside
Office building
$945,000
+23.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$815k
Value range
$734k – $897k
±10% around blend
Estimated value / SF
$117 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$734k
blend $815k
$897k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,955 SF
Lot area
173.84 ac
Year built
1966
Stories
1
APN
9529524218
Zoning
9963128~R1
Assessed value
$4,365,600
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$815k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+24%
vs current-use indication
Recreational/entertainment (general) · current use
Auto Repair, Garage
Retail Stores
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.38%
Selected cap rate for this other sports & entertainment properties
Derived from the Etowah market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.38%
9.0%
NOI (est.)
$79k *
Last sale · Jul 2025
$865k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.35M
Move the market yield to see immediate price impact.
Value / SF
$338
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.88%3.38%3.88%
$72k
$2.48M
$2.12M
$1.84M
$79k
$2.76M
$2.35M
$2.05M
$87k
$3.03M
$2.59M
$2.25M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$4,365,600
Assessed 2024
Previous assessed
$4,365,600
+0.0% YoY
Assessed land
$1,693,900
Assessed improvement
$2,671,700
Land market value
$1,693,900
Improvement market value
$2,671,700
Total market value
$4,365,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
For Sale
Year built
1966
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
6,955 SF
Lot
173.84 ac (7,572,470 SF)
Zoning code
9963128~R1
APN
9529524218
UPID
US53-1888156
Jurisdiction
HENDERSON
Zoning & alternative use
9963128~R1 · Etowah, NCZoning 9963128~R1 · permitted uses
9963128~R1 · Etowah, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
173.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
9963128~R1
Jurisdiction
Etowah, NC
Recorded code
9963128~R1
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
