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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
501 State St, Black Mountain, NC 28711-2745
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-1806189
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
7,254 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE:04/27/2016 DEED
APN
0619-14-2602-00000
UPID
US53-1806189
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
-
Black Mountain Academy High School
-
Ryan Bachrach Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
North Carolina Academy LLC · 10 yrs held
North Carolina Academy LLC
since 2016
7 recorded transactions
Zoning & alternative use
DEED DATE:04/27/2016 DEED · Black Mountain, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+21.4%
Commercial (general)
$1.6M
+20.1%
Retail stores
$1.5M
+9.2%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,350,000
Current use
MEDICAL BUILDING
$1,635,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,620,000
Change: +20% · Conversion: Easy
RETAIL STORES
$1,475,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,380,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$146 / 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
$7,038
Tax year 2024
Assessed value
$839,300
Assessed 2024
Previous assessed
$839,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$566,300
Improvement market value
$273,000
Total market value
$839,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
7,254 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE:04/27/2016 DEED
APN
0619-14-2602-00000
UPID
US53-1806189
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/27/2016 DEED · Black Mountain, NC
Zoning DEED DATE:04/27/2016 DEED · permitted uses
DEED DATE:04/27/2016 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
OFFICE BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
North Carolina Academy LLC
Entity
Mailing address
PO BOX 1236, BLACK MOUNTAIN, NC 28711-1236
Ownership since
2016
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
Apr 13, 2026
—
North Carolina Academy LLC
—
Deed
related
$660,000 · First Community Bank
Apr 27, 2016
$690,000
North Carolina Academy LLC
Directors Investment Group INC
Warranty Deed
$1,104,000 · Jpmorgan Chase Bank NA
Dec 1, 2015
$659,500
Directors Inv Grp INC Dig
Funeral Directors Life Ins Co
Grant Deed
—
Sep 21, 2015
$701,385
Funeral Directors Life Ins Co
Ellis,james M|wilson Family Funeral Svcs LLC
Trustees Deed
—
Dec 19, 2012
$580,000
Wilson Family Funeral Svcs LLC
Reinhardt Rebecca J
Trustees Deed
related
$595,070 · Hypershop LLC
—
—
Wilson Family Funeral Svcs LLC
—
Deed Of Trust
related
$200,000 · Forever Us LLC
—
—
Wilson Family Funeral Svcs LLC
—
Deed Of Trust
related
$675,000 · Funeral Directors Life Ins Co
—
—
Wilson Family Funeral Svcs LLC
—
Deed Of Trust
related
$25,000 · Directors Inv Grp INC (dig)
—
—
Brigmans Valley Funeral Svc
—
Deed Of Trust
related
$25,000 · Central Carolina Bk
—
—
Brigmans Valley Funeral Svcs
—
Deed Of Trust
related
$133,000 · Central Carolina Bk
—
—
Valley Funeral Servic Brigmans
—
Deed Of Trust
related
$20,000 · Toland Hansley & Co
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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