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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail properties & Spaces
Balm Hwy Banner Elk, NC 28604
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-3445639
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2004
Construction
CONCRETE BLOCKS
Total area
8,778 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1P
APN
18591951695300000
UPID
US53-3445639
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Pascasio Properties LLC · 7 yrs held
Pascasio Properties LLC
since 2018
3 recorded transactions
Zoning & alternative use
C1P · Banner Elk, NC
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 Banner Elk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banner Elk 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,025
Tax year 2023
Assessed value
$756,200
Assessed 2023
Previous assessed
$756,200
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$127,900
Assessed improvement
$628,300
Land market value
$127,900
Improvement market value
$628,300
Total market value
$756,200
Applied tax rate
2.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
8,778 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1P
APN
18591951695300000
UPID
US53-3445639
Jurisdiction
AVERY
Zoning & alternative use
C1P · Banner Elk, NCZoning C1P · permitted uses
C1P · Banner Elk, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 152.002 SHORT TITLE.
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Pascasio Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 68191, ORO VALLEY, AZ 85737-8191
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
Nov 9, 2018
$580,100
Pascasio Properties LLC
Grand Invs R/e Fund Xvii LLC
Grant Deed
—
Jul 16, 2012
—
Hardstone Dev Delaware LLC
Hardstone Banner Elk LLC
Quit Claim Deed
related
$4,250,000 · City National Bank W Virginia
Jun 27, 2012
—
Hardstone Development Delaware
Hardstone Banner Elk LLC
Quit Claim Deed
related
$4,250,000 · City National 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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