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    5848 Old Hendersonville Hwy Penrose, NC 28766

    • Medical offices
    • 2,218 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US53-3385109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 5848 Old Hendersonville Hwy

    Year built
    1998
    Lot size
    0.99 lot acres
    Property size
    2,218 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    9517-33-3995-000
    APU
    9517333995000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.6414
    Latitude
    35.2722
    CBSA code
    14820
    CBSA name
    BREVARD, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,251
    $100,000
    $242,000
    $342,000
    -
    $100,000
    $242,000
    $342,000

    Comparable in this City

    • Value Estimation
      $525,000
      1,864 SF

      3691 Crab Crk Rd

      OFFICE (GENERAL) • 1,864 SF
      3691 Crab Crk Rd, Penrose, NC 28766-8830
      View Details
    • Value Estimation by Request
      19,920 SF

      45 Little Riv Church Rd

      OFFICE (GENERAL) • 19,920 SF
      45 Little Riv Church Rd, Penrose, NC 28766
      View Details
    • Value Estimation
      $575,000
      2,200 SF

      217 King St

      COMMERCIAL (GENERAL) • 2,200 SF
      217 King St, Penrose, NC 28766
      View Details
    • Value Estimation by Request
      2,200 SF

      191 Little Riv Church Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,200 SF
      191 Little Riv Church Rd, Penrose, NC 28766-8803
      View Details
    • Value Estimation by Request
      1,776 SF

      99 Cascade Lk Rd

      WAREHOUSE, STORAGE • 1,776 SF
      99 Cascade Lk Rd, Penrose, NC 28766-8716
      View Details
    • Value Estimation by Request
      1,800 SF

      1868 Hendersonville Hwy

      COMMERCIAL (GENERAL) • 1,800 SF
      1868 Hendersonville Hwy, Penrose, NC 28766
      View Details

    Similar Nearby for Sale

    • $225,000
      8.70 Acres

      8.7 Acres in Penrose, NC

      8.7 acres in Penrose, NC with multiple opportunities.
      250 Paradise Cove Rd, Penrose, NC 28766
      View Details
    • $420,000
      7.04 Acres

      Unrestricted Land with Mountain Views

      7.04 acres near DuPont and Pisgah Forests, ideal mountain escape.
      unit Parcel 3 Whitener Rd, Penrose, NC 28766
      View Details
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    5848 Old Hendersonville Hwy
    Penrose, NC 28766
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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