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Property profile & analytics
OFF-MARKET
Estimated value
$12,725,000
Industrial properties
70 Reems Crk Rd Weaverville, NC 28787-9211
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4747657
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
158,742 SF
Lot
23.84 ac (1,038,470 SF)
Zoning code
DEED DATE:02/11/2021 DEED
APN
9742-03-9274-00000
UPID
US53-4747657
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
-
Dodge Industrial, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.73M
Owner & transaction history
Mtp 70 Reems Creek LLC · 5 yrs held
Mtp 70 Reems Creek LLC
since 2021
Last sale
$12.3M
6 recorded transactions
Zoning & alternative use
DEED DATE:02/11/2021 DEED · Weaverville, NC
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 Weaverville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weaverville 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
$9,385,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,435,000
6.5%
$17,020,000
7%
$15,805,000
Blend value · Realmo final
$12.73M
Range $11.45M – $14.00M · ±10% · vs last sale $12.25M (Feb 11 2021)
Last sale anchor
$12.25M
Feb 11 2021
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
$80 / 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
$67,287
Tax year 2024
Assessed value
$7,755,500
Assessed 2024
Previous assessed
$7,755,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Land market value
$1,925,100
Improvement market value
$5,830,400
Total market value
$7,755,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
4
Stories
1
Total area
158,742 SF
Lot
23.84 ac (1,038,470 SF)
Zoning code
DEED DATE:02/11/2021 DEED
APN
9742-03-9274-00000
UPID
US53-4747657
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:02/11/2021 DEED · Weaverville, NCZoning DEED DATE:02/11/2021 DEED · permitted uses
DEED DATE:02/11/2021 DEED · Weaverville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Buildings
4
Lot
23.84 ac
Current owner
From public records · entity-resolved
Mtp 70 Reems Creek LLC
Entity
Mailing address
70 W REEMS CRK RD #2200, WEAVERVILLE, NC 28787-9211
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 7, 2022
—
Mtp 70 Reems Creek LLC
—
Deed
related
$105,000,000 · Bank Of Montreal
Feb 11, 2021
$12,250,000
Mtp 70 Reems Creek LLC
Weaverville 70 Reems Creek LLC
Special Warranty Deed
$200,000 · Capital One NA
Nov 21, 2019
—
Weaverville 70 Reems Creek LLC
—
Deed
related
$29,430,000 · Ows Bca Funding LLC
Feb 13, 2018
$6,050,000
Weaverville-70 Reems Creek LLC
Smith Kristen R|cre Rockwell Asheville LLC
Trustees Deed
related
—
Feb 27, 2015
$500,000
Baldor Electric Co
Cre Rockwell Asheville LLC
Grant Deed
—
Nov 21, 2005
$7,382,500
Fr Reems Creek LLC
Reliance Electric
Grant Deed
—
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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