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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Auto shops
496 Cardinal Rd, Mills River, NC 28759-4197
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2010780
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1998
Total area
12,295 SF
Lot
1.64 ac (71,438 SF)
Zoning code
9947304~MR-MU
APN
9632815743
UPID
US53-2010780
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
$1.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.57M
Owner & transaction history
496 Cardinal Road LLC · 4 yrs held
496 Cardinal Road LLC
since 2022
6 recorded transactions
Zoning & alternative use
9947304~MR-MU · Mills River, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+44.0%
Retail stores
$2.1M
+26.7%
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 Mills River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mills River 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
$1,525,000
ML approach
$1,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,630,000
Current use
OFFICE BUILDING
$2,350,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$2,065,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,515,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$127 / 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
Property tax & assessments
Assessed value
$1,482,300
Assessed 2024
Previous assessed
$1,482,300
+0.0% YoY
Assessed land
$821,500
Assessed improvement
$660,800
Land market value
$821,500
Improvement market value
$660,800
Total market value
$1,482,300
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,295 SF
Lot
1.64 ac (71,438 SF)
Zoning code
9947304~MR-MU
APN
9632815743
UPID
US53-2010780
Jurisdiction
HENDERSON
Zoning & alternative use
9947304~MR-MU · Mills River, NC
Zoning 9947304~MR-MU · permitted uses
9947304~MR-MU · Mills River, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mills River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
496 Cardinal Road LLC
Entity
Mailing address
PO BOX 782, WHITE ROCK, SC 29177-0782
Ownership since
2022
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
Jun 28, 2024
—
496 Cardinal Road LLC
—
Deed
related
$1,775,000 · Standard Insurance Co
Feb 10, 2022
$1,950,000
496 Cardinal Road LLC
Fields Pag INC
Special Warranty Deed
—
Aug 6, 2019
—
Fields Pag INC
—
Grant Deed
related
$20,000,000 · Suntrust Bk
Dec 12, 2017
$2,300,000
Fields Pag INC
Frasher,jack L JR & Victoria C
Grant Deed
—
Jun 16, 2011
—
Jack L Frasher JR.
—
Deed Of Trust
related
$13,000,000 · National Bank South Carolina
—
—
Jack L Frasher JR.
—
Deed Of Trust
related
$5,268,467 · National Bank South Carolina
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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