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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Individual retail properties
7337 Spartanburg Hwy, Saluda, NC 28773-7789
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1960716
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
2001
Total area
1,536 SF
Lot
14.87 ac (647,737 SF)
Zoning code
602300~R3
APN
9585766249
UPID
US53-1960716
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
-
Cabin Fever Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Watershed Holding LLC · 3 yrs held
Watershed Holding LLC
since 2023
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
602300~R3 · Saluda, 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 Saluda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saluda 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
$1,500,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.39M
Range $1.46M – $1.49M · vs last sale $1.39M (Jul 7 2023)
Last sale anchor
$1.39M
Jul 7 2023
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
$902 / 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
Property tax & assessments
Assessed value
$679,100
Assessed 2024
Previous assessed
$679,100
+0.0% YoY
Assessed land
$268,700
Assessed improvement
$410,400
Land market value
$268,700
Improvement market value
$410,400
Total market value
$679,100
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
2001
Heating
ELECTRIC
Cooling
NONE
Buildings
7
Stories
1
Total area
1,536 SF
Lot
14.87 ac (647,737 SF)
Zoning code
602300~R3
APN
9585766249
UPID
US53-1960716
Jurisdiction
HENDERSON
Zoning & alternative use
602300~R3 · Saluda, NC
Zoning 602300~R3 · permitted uses
602300~R3 · Saluda, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saluda. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
7
Lot
14.87 ac
Current owner
From public records · entity-resolved
Watershed Holding LLC
Entity
Mailing address
20 N 2ND ST STE #201, NILES, MI 49120-2225
Ownership since
2023
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
Jul 7, 2023
$1,385,000
Watershed Holding LLC
Cabin Fever Rentals LLC
Special Warranty Deed
$1,385,000 · Cabin Fever Rentals LLC
Feb 10, 2021
$915,000
Cabin Fever Rentals LLC
Cabin Fever LLC
Warranty Deed
—
Jan 7, 2005
—
Cabins Of North Carolina LLC
Owner Name Unavailable
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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