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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Commercial real estate
69 Hendersonville Hwy, Pisgah Forest, NC 28768-8928
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-3033130
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
14,801 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C4
APN
8597-55-3136-000
UPID
US53-3033130
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
-
El Chapala Restaurant
-
Brian Crosier PT Physician
-
Burnpile Skate Shop (Bike/Boat/Book/etc) Store
-
Kim's Alterations (Bike/Boat/Book/etc) Store
-
Pisgah Enterprises Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$3.38M
Owner & transaction history
City Of Brevard
City Of Brevard
since 2026
Last sale
$16,500
3 recorded transactions
Zoning & alternative use
C4 · Pisgah Forest, 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 Pisgah Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pisgah Forest 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
$3,860,000
ML approach
$3,635,000
CAP Approach
CAP Return
Estimation
6%
$3,095,000
6.5%
$2,860,000
7%
$2,655,000
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $17k (Feb 16 2026)
Last sale anchor
$17k
Feb 16 2026
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
$228 / 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
$9,953
Tax year 2024
Assessed value
$1,649,830
Assessed 2024
Previous assessed
$1,649,830
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$729,000
Assessed improvement
$920,830
Land market value
$729,000
Improvement market value
$920,830
Total market value
$1,649,830
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Bathrooms
13
Total area
14,801 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C4
APN
8597-55-3136-000
UPID
US53-3033130
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
C4 · Pisgah Forest, NC
Zoning C4 · permitted uses
C4 · Pisgah Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pisgah Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Bathrooms
13
Lot
2.7 ac
Current owner
From public records · entity-resolved
City Of Brevard
Entity
Free & Clear · 0 yrs held
Mailing address
68 MALVERN WALK, ASHEVILLE, NC 28806-0183
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2026
$16,500
City Of Brevard
Gumstand Gap LLC
Deed
—
Nov 30, 2021
$1,800,000
Gumstand Gap LLC
Pisgah Enterprises INC
Warranty Deed
—
Nov 14, 2017
—
Pisgah Enterprises INC
—
Deed
related
$525,000 · First Citizens Bank & Trust Co
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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