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Property profile & analytics
OFF-MARKET
Commercial land
556 Long Shls Rd, Arden, NC 28704-9744
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1442471
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2006
Construction
STEEL FRAME
Total area
1,253 SF
Lot
2.23 ac (97,139 SF)
Zoning code
DEED DATE:09/16/2019 DEED
APN
9634-76-4625-00000
UPID
US53-1442471
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Riverstone Land Holdings LLC · 6 yrs held
Riverstone Land Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
DEED DATE:09/16/2019 DEED · Arden, 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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,950
Tax year 2024
Assessed value
$316,700
Assessed 2024
Previous assessed
$316,700
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$316,700
Total market value
$316,700
Applied tax rate
14.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
1,253 SF
Lot
2.23 ac (97,139 SF)
Zoning code
DEED DATE:09/16/2019 DEED
APN
9634-76-4625-00000
UPID
US53-1442471
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:09/16/2019 DEED · Arden, NC
Zoning DEED DATE:09/16/2019 DEED · permitted uses
DEED DATE:09/16/2019 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
2.23 ac
Current owner
From public records · entity-resolved
Riverstone Land Holdings LLC
Entity
Mailing address
332 MILITARY CUTOFF RD, WILMINGTON, NC 28405-9735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Riverstone Land Holdings LLC
Nsjbs LLC
Correction Deed
related
—
Sep 4, 2019
—
Riverstone Land Holdings LLC
Nsjbs LLC
Grant Deed
—
Dec 21, 2018
—
Nsjbs LLC
Nathan S Sanders
Quit Claim Deed
related
—
Apr 16, 2018
$288,500
Nathan S Sanders
Long Shoals Land Holdings LLC
Grant Deed
—
Feb 16, 2016
$285,000
Long Shoals Land Holdings LLC
Mcelrath Investments LLC
Warranty Deed
—
Sep 30, 2015
—
Mcelrath Investments LLC
—
Trustees Deed
related
$125,000 · World Busn Lenders
Jan 26, 2006
$310,000
Mcelrath Investments LLC
Edwards,james Ronald
Grant Deed
—
—
—
Mcelrath Investments LLC
—
Deed Of Trust
related
$150,000 · Continental Gulf Investments
—
—
Edwards,james R
—
Deed Of Trust
related
$161,424 · Carolina First Bk
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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