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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
83 Highlands Sq Dr, Hendersonville, NC 28792
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1099534
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
4,050 SF
Lot
1.11 ac (48,352 SF)
Zoning code
1011813~PCD
APN
9579585996
UPID
US53-1099534
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
-
Mattress Firm Hendersonville Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$690k
Owner & transaction history
Tarantino Family Living Trust · 5 yrs held
Tarantino Family Living Trust
since 2020
4 recorded transactions
Zoning & alternative use
1011813~PCD · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$720,000
+20.9%
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%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
RETAIL STORES
$595,000
Current use
OFFICE BUILDING
$720,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$535,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$170 / 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
$1,041,500
Assessed 2024
Previous assessed
$1,041,500
+0.0% YoY
Assessed land
$773,600
Assessed improvement
$267,900
Land market value
$773,600
Improvement market value
$267,900
Total market value
$1,041,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,050 SF
Lot
1.11 ac (48,352 SF)
Zoning code
1011813~PCD
APN
9579585996
UPID
US53-1099534
Jurisdiction
HENDERSON
Zoning & alternative use
1011813~PCD · Hendersonville, NC
Zoning 1011813~PCD · permitted uses
1011813~PCD · 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
RETAIL STORES Current
Est. value
$595,000
OFFICE BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$535,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Tarantino Family Living Trust
Trust
Mailing address
10201 MAIN ST, HOUSTON, TX 77025-5229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
—
Joseph John Tarantino
—
Deed
related
$1,000,000 · Meriwest Cu
Sep 3, 2020
—
Tarantino Family Living Trust
Joseph J Tarantino
Quit Claim Deed
related
—
Oct 31, 2013
$925,000
Bcs Mf Hendersonville LLC
B & H Wadmalaw LLC
Grant Deed
$1,331,500 · Jefferson Federal Bank
—
—
Joseph J Tarantino
—
Deed Of Trust
related
$1,110,000 · Meriwest Cu
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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