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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Warehouses
7 Glenn Brg Rd, Arden, NC 28704-3322
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2208498
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
12,530 SF
Lot
1.21 ac (52,708 SF)
Zoning code
DEED DATE: 2022-09-23 DEE
APN
9654-22-7709-00000
UPID
US53-2208498
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
-
Dr. Jerry A. Kotulla, MD Physician
-
FEI - Engineers and Land Surveyors Land Surveyor
-
Park Ridge Medical Associates Medical Clinic
-
Real Estate Properties of the Carolinas, LLC Real Estate Agency
-
Arden Pain Treatment Spec Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.70M
Owner & transaction history
Ef Patton Cove LLC · 3 yrs held
Ef Patton Cove LLC
since 2022
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
DEED DATE: 2022-09-23 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+86.2%
Auto repair, garage
$2.4M
+74.2%
Office building
$2.3M
+70.5%
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
$1,780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,365,000
Current use
RETAIL STORES
$2,545,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,380,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$2,330,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,275,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $2.11M (Sep 23 2022)
Last sale anchor
$2.11M
Sep 23 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
$135 / 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
$8,951
Tax year 2024
Assessed value
$965,700
Assessed 2024
Previous assessed
$965,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$216,100
Improvement market value
$749,600
Total market value
$965,700
Applied tax rate
7.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
12,530 SF
Lot
1.21 ac (52,708 SF)
Zoning code
DEED DATE: 2022-09-23 DEE
APN
9654-22-7709-00000
UPID
US53-2208498
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-09-23 DEE · Arden, NC
Zoning DEED DATE: 2022-09-23 DEE · permitted uses
DEED DATE: 2022-09-23 DEE · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Ef Patton Cove LLC
Entity
Mailing address
80 PEACHTREE RD STE #110, ASHEVILLE, NC 28803-3180
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$2,110,000
Ef Patton Cove LLC
Benchmark Leasing LLC
Special Warranty Deed
$1,532,000 · First Bank
Dec 22, 2020
—
Legacy Trail LLC
—
Deed Of Trust
related
$232,728 · Builder Fin INC
Oct 10, 2019
—
Benchmark Leaseing LLC
—
Deed
related
$650,000 · Td Bank NA
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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