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Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Commercial real estate
6 Commerce Way, Arden, NC 28704-9712
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5211206
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
44,082 SF
Lot
4.5 ac (196,020 SF)
Zoning code
DEED DATE: 04/26/1989 DEE
APN
9634-46-0872-00000
UPID
US53-5211206
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
-
Crepe Erase Cosmetic Store
-
Meaningful Beauty Cosmetic Store
-
Smileactives Dental Office
-
Dermaflash Cosmetic Store
-
Sheer Cover Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.55M
CAP Approach
CAP
$7.25M
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$6.55M
Owner & transaction history
Hite Real Estate 2 LLC · 1 yrs held
Hite Real Estate 2 LLC
since 2024
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
DEED DATE: 04/26/1989 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.0M
+24.2%
Retail stores
$9.0M
+11.8%
Auto repair, garage
$8.4M
+4.6%
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
Method
Estimation
Statistic approach
$6,550,000
ML approach
$6,550,000
CAP Approach
CAP Return
Estimation
6%
$7,850,000
6.5%
$7,250,000
7%
$6,730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,010,000
Current use
MEDICAL BUILDING
$9,950,000
Change: +24% · Conversion: Easy
RETAIL STORES
$8,950,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,370,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$8,195,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,585,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $6.55M (Sep 5 2024)
Last sale anchor
$6.55M
Sep 5 2024
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
$149 / 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
$10,538
Tax year 2024
Assessed value
$1,711,800
Assessed 2024
Previous assessed
$1,711,800
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$539,100
Improvement market value
$1,172,700
Total market value
$1,711,800
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
44,082 SF
Lot
4.5 ac (196,020 SF)
Zoning code
DEED DATE: 04/26/1989 DEE
APN
9634-46-0872-00000
UPID
US53-5211206
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 04/26/1989 DEE · Arden, NC
Zoning DEED DATE: 04/26/1989 DEE · permitted uses
DEED DATE: 04/26/1989 DEE · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$10.0M
RETAIL STORES
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.4M
OFFICE BUILDING
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.5 ac
Current owner
From public records · entity-resolved
Hite Real Estate 2 LLC
Entity
Mailing address
3165 SWEETEN CRK RD, ASHEVILLE, NC 28803-2115
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
$6,550,000
Hite Real Estate 2 LLC
Arden Capital Corporation
Special Warranty Deed
$5,567,500 · Truist Bank
Sep 5, 2024
—
Arden Capital Corporation INC
Cassette Productions Unlimited INC
Warranty Deed
—
Mar 2, 2018
—
Arden Capital Corp
—
Deed
related
$4,215,000 · Richard A Guthy
Apr 4, 2012
—
Arden Capital Corp
—
Deed Of Trust
related
$5,847,000 · Fifth Third Bank
—
—
Arden,capital Corp
—
Deed Of Trust
related
$1,350,000 · Rbc Bank (usa)
—
—
Arden Capital Corp
—
Deed Of Trust
related
$2,200,000 · Rbc Centura Bk
—
—
Arden Capital Corp
—
Deed Of Trust
related
$4,215,000 · Richard A Guthy
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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