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Property profile & analytics
OFF-MARKET
Office Spaces
55 Grindstaff Cv Rd Sylva, NC 28779-2548
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5787391
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
864 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B2 BUSINESS DISTRICT
APN
7641-08-5153
UPID
US53-5787391
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
-
Zen Bodyworks Studio Alternative Medicine Practice Spa & Massage Center
-
Amanda Spencer massage LMBT #19415 Alternative Medicine Practice Spa & Massage Center
-
Pinnacle Relief - CBD Wellness Lounge (Bike/Boat/Book/etc) Store
-
Sylva NC PT Physician
-
Sylva NC PT (see Sae Smyrl, PT for previous reviews) Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas R Cooper · 4 yrs held
Thomas R Cooper
since 2021
Last sale
$200,000
4 recorded transactions
Zoning & alternative use
B2 BUSINESS DISTRICT · Sylva, 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 Sylva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylva 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$756
Tax year 2023
Assessed value
$198,960
Assessed 2023
Previous assessed
$198,960
+0.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$83,160
Assessed improvement
$115,800
Applied tax rate
15.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
864 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B2 BUSINESS DISTRICT
APN
7641-08-5153
UPID
US53-5787391
Jurisdiction
JACKSON
Zoning & alternative use
B2 BUSINESS DISTRICT · Sylva, NC
Zoning B2 BUSINESS DISTRICT · permitted uses
B2 BUSINESS DISTRICT · Sylva, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylva. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Thomas R Cooper
Individual
Mailing address
PO BOX 231, DILLSBORO, NC 28725-0231
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$200,000
Thomas R Cooper
Wdb Enterprises LLC
Warranty Deed
$150,000 · Wdb Enterprises LLC
May 5, 2017
—
Wdb Ents LLC
One Hundred Medical Props Ltd
Quit Claim Deed
related
—
Oct 9, 2007
$36,000
1 Hundred Medical Props Ltd
K & Hb Ents LLC
Warranty Deed
—
Jul 19, 2007
$36,000
K & Hb Ents LLC
1 Hundred Medical Props Ltd
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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