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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Sports & entertainment properties
824 Half Moon Trl, Hendersonville, NC 28792-9015
Individually Owned
11-yr Hold
Property ID
US53-0529772
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2012
Total area
4,800 SF
Lot
29.89 ac (1,302,008 SF)
Zoning code
1007531~PRD
APN
9579895936
UPID
US53-0529772
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
-
Ballantyne Commons Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Triangle Ballantyne Hendersonv · 11 yrs held
Triangle Ballantyne Hendersonv
since 2014
6 recorded transactions
Zoning & alternative use
1007531~PRD · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+27.9%
Office building
$670,000
+5.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$635,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$128 / 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
$31,808,900
Assessed 2024
Previous assessed
$31,808,900
+0.0% YoY
Assessed land
$3,586,800
Assessed improvement
$28,222,100
Land market value
$3,586,800
Improvement market value
$28,222,100
Total market value
$31,808,900
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2012
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
23
Stories
1
Total area
4,800 SF
Lot
29.89 ac (1,302,008 SF)
Zoning code
1007531~PRD
APN
9579895936
UPID
US53-0529772
Jurisdiction
HENDERSON
Zoning & alternative use
1007531~PRD · Hendersonville, NC
Zoning 1007531~PRD · permitted uses
1007531~PRD · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$815,000
OFFICE BUILDING
Est. value
$670,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
2012
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
23
Lot
29.89 ac
Current owner
From public records · entity-resolved
Triangle Ballantyne Hendersonv
Individual
Mailing address
PO BOX 4158, GASTONIA, NC 28054-0042
Ownership since
2014
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
Jul 14, 2022
—
Triangle Ballantyne Hendersonville
—
Deed
related
$50,000,000 · Voya Investment Management LLC
Dec 19, 2014
—
Triangle Ballantyne Hendersonv
Triangle Real Estate Of Gastonia
Quit Claim Deed
$31,200,000 · Northmarq Cap
Aug 1, 2012
—
Triangle R & E Of Gastonia INC
—
Trustees Deed
related
$14,350,000 · Wells Fargo Bank
Apr 6, 2011
$1,200,100
Triangle R/e/gastonia INC
Metropolis East 05 LLC
Warranty Deed
$1,000,000 · Branch Banking & Trust Co
Apr 1, 2011
—
Metropolis East 05 LLC
Ward,gail M
Grant Deed
related
—
—
—
Triangle R & E Of Gastonia INC
—
Loan Modification
related
$26,284,000 · Wells Fargo Bank
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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