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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Assisted living facilities
641 Willow Crk Rd Leicester, NC 28748-5646
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-4902553
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Total area
1,296 SF
Lot
40.81 ac (1,777,684 SF)
Zoning code
DEED DATE:06/22/2020 DEED
APN
8760-16-8097-00000
UPID
US53-4902553
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
$2.14M
Owner & transaction history
Red Oak Recovery LLC · 6 yrs held
Red Oak Recovery LLC
since 2020
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
DEED DATE:06/22/2020 DEED · Leicester, 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 Leicester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leicester 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
$1,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.14M (Jun 22 2020)
Last sale anchor
$2.14M
Jun 22 2020
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
$1,651 / 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
$10,370
Tax year 2024
Assessed value
$1,576,200
Assessed 2024
Previous assessed
$1,576,200
+0.0% YoY
Effective rate
0.66%
On assessed value
Land market value
$352,300
Improvement market value
$1,223,900
Total market value
$1,576,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Bathrooms
1
Total area
1,296 SF
Lot
40.81 ac (1,777,684 SF)
Zoning code
DEED DATE:06/22/2020 DEED
APN
8760-16-8097-00000
UPID
US53-4902553
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:06/22/2020 DEED · Leicester, NC
Zoning DEED DATE:06/22/2020 DEED · permitted uses
DEED DATE:06/22/2020 DEED · Leicester, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leicester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
1
Lot
40.81 ac
Current owner
From public records · entity-resolved
Red Oak Recovery LLC
Entity
Mailing address
2101 MAGNOLIA AVE S STE #518, BIRMINGHAM, AL 35205-2853
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 22, 2020
$2,140,000
Red Oak Recovery LLC
Asheville Healthcare Property LLC
Warranty Deed
$21,707,250 · Regions Bank
Jun 10, 2016
—
Asheville Healthcare Property LLC
Asheville Healthcare Property LLC
Warranty Deed
related
$2,120,000 · Citizens National Bank
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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