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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Individual retail properties
755 Main St Hendersonville, NC 28792-5079
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0670315
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1880
Total area
11,728 SF
Lot
0.43 ac (18,731 SF)
Zoning code
110870~CMU
APN
9568796503
UPID
US53-0670315
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
-
The Charleston Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Noami LLC · 2 yrs held
Noami LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
110870~CMU · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+129.8%
Office building
$1.6M
+89.5%
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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
$1,950,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,985,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$1,640,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.80M (Dec 20 2023)
Last sale anchor
$1.80M
Dec 20 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
$161 / 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
$1,706,000
Assessed 2024
Previous assessed
$1,706,000
+0.0% YoY
Assessed land
$561,900
Assessed improvement
$1,144,100
Land market value
$561,900
Improvement market value
$1,144,100
Total market value
$1,706,000
Applied tax rate
10.0000
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1880
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Bathrooms
14
Total area
11,728 SF
Lot
0.43 ac (18,731 SF)
Zoning code
110870~CMU
APN
9568796503
UPID
US53-0670315
Jurisdiction
HENDERSON
Zoning & alternative use
110870~CMU · Hendersonville, NC
Zoning 110870~CMU · permitted uses
110870~CMU · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1880
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Bathrooms
14
Lot
0.43 ac
Current owner
From public records · entity-resolved
Noami LLC
Entity
Mailing address
114 BELLSHIRE DR, FLAT ROCK, NC 28731-8520
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$1,800,000
Noami LLC
Charleston Inn Holdings LLC
Warranty Deed
—
Dec 12, 2019
$1,850,000
Charleston Inn Holdings LLC
Claddagh Inn Of Hendersonville INC
Warranty Deed
—
Dec 27, 2016
—
Claddagh Inn Of Hendersonville In
—
Deed
related
$690,000 · Mountain Mortgage Mountain Mortgage
Jul 21, 2004
—
Claddagh Inn Of Hendersonville
Owner Name Unavailable
Grant Deed
related
—
—
—
Claddagh Inn Of Hendersonville In
—
Loan Modification
related
$800,000 · Macon Bk
—
—
Claddagh Inn Of Hendersonville In
—
Deed Of Trust
related
$690,000 · Mountain Mortgage Mountain Mortgage
—
—
Claddagh Inn Of Hendersonville In
—
Loan Modification
related
$800,000 · Macon Bk
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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