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Property profile & analytics
OFF-MARKET
Estimated value
$11,240,000
Grocery and convenience stores
625 Spartanburg Hwy, Hendersonville, NC 28792-5762
Entity Owned
Free & Clear
Property ID
US53-4842002
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
72,560 SF
Lot
7.23 ac (314,939 SF)
Zoning code
10000067~PCD
APN
9568940169
UPID
US53-4842002
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
-
Ingles Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Ingles Gas Express Gas Station
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.80M
Comparable Approach
Comparable
$12.67M
Blend (final)
Blend
$11.24M
Owner & transaction history
INGLES MARKETS INCORPORATED
INGLES MARKETS INCORPORATED
Zoning & alternative use
10000067~PCD · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.9M
+20.9%
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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,950,000
6.5%
$13,800,000
7%
$12,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,645,000
Current use
OFFICE BUILDING
$12,870,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,620,000
Change: -10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,950,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.24M
Range $10.12M – $12.36M · ±10%
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
$155 / 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
Property tax & assessments
Assessed value
$10,923,300
Assessed 2024
Previous assessed
$10,923,300
+0.0% YoY
Assessed land
$4,604,400
Assessed improvement
$6,318,900
Land market value
$4,604,400
Improvement market value
$6,318,900
Total market value
$10,923,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
72,560 SF
Lot
7.23 ac (314,939 SF)
Zoning code
10000067~PCD
APN
9568940169
UPID
US53-4842002
Jurisdiction
HENDERSON
Zoning & alternative use
10000067~PCD · Hendersonville, NC
Zoning 10000067~PCD · permitted uses
10000067~PCD · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.6M
OFFICE BUILDING
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2016
Heating
NONE
Stories
1
Lot
7.23 ac
Current owner
From public records · entity-resolved
INGLES MARKETS INCORPORATED
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 460189, HOUSTON, TX 77056-8189
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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