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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Commercial real estate
600 Julian Ln Ste 610, Arden, NC 28704-7814
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2408392
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2006
Construction
TILT-UP CONCRETE
Total area
3,462 SF
Zoning code
DEED DATE: 2023-07-14 DEE
APN
9644-79-2129-C600A
UPID
US53-2408392
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
$570k
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$865k
Owner & transaction history
Dmof LLC · 2 yrs held
Dmof LLC
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
DEED DATE: 2023-07-14 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$780,000
+24.2%
Retail stores
$705,000
+11.8%
Auto repair, garage
$660,000
+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
$865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Current use
MEDICAL BUILDING
$780,000
Change: +24% · Conversion: Easy
RETAIL STORES
$705,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $1.05M (Jul 14 2023)
Last sale anchor
$1.05M
Jul 14 2023
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
$250 / 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
$9,038
Tax year 2024
Assessed value
$975,100
Assessed 2024
Previous assessed
$975,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Improvement market value
$975,100
Total market value
$975,100
Applied tax rate
7.0000
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 CONDOMINUIM
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,462 SF
Zoning code
DEED DATE: 2023-07-14 DEE
APN
9644-79-2129-C600A
UPID
US53-2408392
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-07-14 DEE · Arden, NC
Zoning DEED DATE: 2023-07-14 DEE · permitted uses
DEED DATE: 2023-07-14 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
$630,000
MEDICAL BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$660,000
OFFICE BUILDING
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Dmof LLC
Entity
Mailing address
PO BOX 1537, GREER, SC 29652-1537
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
$1,050,000
Dmof LLC
Lake Julian Medical Investors LLC
Warranty Deed
$2,392,000 · Pinnacle Bank
Jul 14, 2023
—
Dmof LLC
Lake Julian Medical Investors LLC
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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