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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
69 Water Plant Rd Maggie Valley, NC 28751
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-3022737
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
3,600 SF
Lot
0.97 ac (42,384 SF)
Zoning code
MC-1
APN
7686-19-1189
UPID
US53-3022737
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$555k
Owner & transaction history
Thomas E Mallette · 4 yrs held
Thomas E Mallette
since 2022
Last sale
$540,000
6 recorded transactions
Zoning & alternative use
MC-1 · Maggie Valley, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$655,000
+45.9%
Retail stores
$560,000
+24.0%
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 Maggie Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maggie Valley 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
$635,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
COMMERCIAL (GENERAL)
$655,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $540k (Mar 22 2022)
Last sale anchor
$540k
Mar 22 2022
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
$154 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$339,800
Assessed 2023
Previous assessed
$339,800
+0.0% YoY
Assessed land
$44,800
Assessed improvement
$295,000
Land market value
$44,800
Improvement market value
$295,000
Total market value
$339,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
PARTIAL
Buildings
4
Stories
1
Total area
3,600 SF
Lot
0.97 ac (42,384 SF)
Zoning code
MC-1
APN
7686-19-1189
UPID
US53-3022737
Jurisdiction
HAYWOOD
Zoning & alternative use
MC-1 · Maggie Valley, NC
Zoning MC-1 · permitted uses
MC-1 · Maggie Valley, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maggie Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RETAIL STORES
Est. value
$560,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
0.97 ac
Current owner
From public records · entity-resolved
Thomas E Mallette
Individual
Free & Clear · 4 yrs held
Mailing address
5062 SHERIER PL NW, WASHINGTON, DC 20016-3328
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
Maggie Valley Storage Solutions LLC
—
Deed
related
$1,100,000 · United Bank
Sep 14, 2022
—
Maggie Valley Storage Solutions LLC
—
Deed
related
$349,900 · Bank Five Nine
Mar 22, 2022
—
Thomas E Mallette
69 Water Plant Road LLC
Warranty Deed
—
Mar 22, 2022
$540,000
Maggie Valley Storage Solutions LLC
Thomas E Mallette
Warranty Deed
—
Mar 18, 2021
$336,000
69 Water Plant Road LLC
Bruce Sutton
Warranty Deed
—
Jan 31, 2020
$3,000
Bruce Sutton
Bruce Sutton
Warranty Deed
related
—
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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