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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Strip malls
98 Hendersonville Hwy, Pisgah Forest, NC 28768-8895
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2946591
Property summary
AI-generated overview
This 775-square-foot retail space, located at 98 Hendersonville Highway in Pisgah Forest, North Carolina, presents a fantastic opportunity for a new business. Built in 1985, the property is zoned DMU and features a single-tenant occupancy. The space was previously used as a hair salon, offering a ready-to-customize layout. Its prime location offers excellent visibility and accessibility, situated conveniently near the Pisgah Forest entrance. The surrounding area boasts a vibrant mix of shopping, dining, and entertainment options, including nearby restaurants and a brewery, ensuring high foot traffic and potential customer base. The property's APN is 8597-54-2869-000, and it's situated in Transylvania County (zip code 28768). This property is ideal for a variety of retail businesses seeking a well-established location with convenient access to amenities and a strong local community. The property's single-tenant setup provides flexibility and control for the new occupant. Don't miss this chance to establish your business in a thriving area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
5,616 SF
Lot
0.18 ac (7,841 SF)
APN
8597-54-2869-000
UPID
US53-2946591
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 Front PAIGE Hair Salon Hair Salon
-
Essence of Beauty Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Fugazi Ltd Co · 7 yrs held
Fugazi Ltd Co
since 2018
3 recorded transactions
Zoning & alternative use
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 Pisgah Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pisgah Forest 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
COMMERCIAL (GENERAL)
$1,170,000
Change: 0% · Conversion: Easy
RESTAURANT
$905,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$835,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$520,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$144 / 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
$2,845
Tax year 2024
Assessed value
$471,640
Assessed 2024
Previous assessed
$471,640
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$105,000
Assessed improvement
$366,640
Land market value
$105,000
Improvement market value
$366,640
Total market value
$471,640
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
5,616 SF
Lot
0.18 ac (7,841 SF)
APN
8597-54-2869-000
UPID
US53-2946591
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$835,000
MEDICAL BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL 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
1985
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Fugazi Ltd Co
Entity
Mailing address
2875 CASCIANO CT, LEAGUE CITY, TX 77573-6118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 4, 2022
—
Fugazi Ltd Co LLC
—
Deed
related
$450,000 · Southern First Bank NA
Jul 9, 2018
$452,000
Fugazi Ltd Co
Roger D Shiley
Warranty Deed
$361,000 · Pinnacle Bank
—
—
Roger D Shiley
—
Deed Of Trust
related
$193,000 · First Citizens Bank & Trust Co
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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