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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
514 5th W Ave, Hendersonville, NC 28739-4204
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1407011
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Total area
3,086 SF
Lot
0.52 ac (22,651 SF)
Zoning code
104664~MIC
APN
9568682169
UPID
US53-1407011
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
-
Kathy's Healing Touch Alternative Medicine Practice Spa & Massage Center
-
Franks Stephen F Employment Agency
-
Denny-L Clay & Associates Insurance Agency
-
Guardian Property Services LLC Property Management Company
-
Gilliam Sue B Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$545k
Owner & transaction history
Tudor Rose LLC · 2 yrs held
Tudor Rose LLC
since 2024
5 recorded transactions
Zoning & alternative use
104664~MIC · Hendersonville, 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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
$540,000
Current use
RETAIL STORES
$460,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$177 / 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
$493,300
Assessed 2024
Previous assessed
$493,300
+0.0% YoY
Assessed land
$385,100
Assessed improvement
$108,200
Land market value
$385,100
Improvement market value
$108,200
Total market value
$493,300
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1918
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,086 SF
Lot
0.52 ac (22,651 SF)
Zoning code
104664~MIC
APN
9568682169
UPID
US53-1407011
Jurisdiction
HENDERSON
Zoning & alternative use
104664~MIC · Hendersonville, NC
Zoning 104664~MIC · permitted uses
104664~MIC · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$540,000
RETAIL STORES
Est. value
$460,000
OFFICE BUILDING Current
RETAIL STORES
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
1918
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Tudor Rose LLC
Entity
Free & Clear · 2 yrs held
Mailing address
104 RADCLIFF CT, HENDERSONVILLE, NC 28739-6856
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
Tudor Rose LLC
—
Deed
related
$2,000,000 · Us Small Business Administration, A Gove
Jul 1, 2024
—
Tudor Rose LLC
Craig Thomas Franks
Warranty Deed
—
Mar 15, 2022
$954,000
Craig Thomas Franks
Craig Thomas Franks
Special Warranty Deed
$700,000 · First Bank
Jan 3, 2022
—
Andrea Franks Strauss
Craig Thomas Franks
Intrafamily Transfer
related
—
Sep 23, 2004
—
Stephen F Franks
Owner Name Unavailable
Grant Deed
related
—
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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