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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Mobile home & RV parks
66 Great Aspen Way, Black Mountain, NC 28711-9774
Entity Owned
~
Est. High Equity
Property ID
US53-4708588
Property profile
Verified
Property type
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Year built
2002
Total area
6,080 SF
Lot
23.51 ac (1,024,096 SF)
Zoning code
DEED DATE:05/14/2019 DEED
APN
9791-75-8023-00000
UPID
US53-4708588
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
$1.50M
Owner & transaction history
Mountain Man Physical Therapy LLC
Mountain Man Physical Therapy LLC
since 2025
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
DEED DATE:05/14/2019 DEED · Black Mountain, 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 Black Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Mountain 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,095,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,370,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,360,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,155,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,130,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (May 5 2025)
Last sale anchor
$1.50M
May 5 2025
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
$247 / 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
$2,209
Tax year 2024
Assessed value
$353,800
Assessed 2024
Previous assessed
$353,800
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$56,400
Improvement market value
$297,400
Total market value
$353,800
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
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
6,080 SF
Lot
23.51 ac (1,024,096 SF)
Zoning code
DEED DATE:05/14/2019 DEED
APN
9791-75-8023-00000
UPID
US53-4708588
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:05/14/2019 DEED · Black Mountain, NC
Zoning DEED DATE:05/14/2019 DEED · permitted uses
DEED DATE:05/14/2019 DEED · Black Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Black Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Stories
1
Lot
23.51 ac
Current owner
From public records · entity-resolved
Mountain Man Physical Therapy LLC
Entity
Mailing address
66 GREAT ASPEN WAY, BLACK MOUNTAIN, NC 28711-9774
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Aug 5, 2025
$1,500,000
Mountain Man Physical Therapy LLC
Robert Latham
Special Warranty Deed
$1,432,000 · United FCU
May 14, 2019
$499,000
Robert Latham
Cbu Christian Fellowship INC
Warranty Deed
$399,000 · Cbu Christian Fellowship INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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