Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Emerald Necklace Dr, NC

    • Research & development properties
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3659510
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Research & development properties

    Property Details

    Lot size
    0.23 lot acres
    Zone code
    DEED DATE: 2022-12-20 DEE
    Property type
    Research & development properties
    APN
    9645-46-2818-00000
    APU
    964546281800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Emerald Necklace Dr
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5483
    Latitude
    35.5038
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      0.52 Acres

      Celebration Way, NC

      WASTE DISPOSAL, SEWAGE • 0.52 Acres
      Celebration Way, NC
      View Details
    • Value Estimation
      $1,620,000
      33.39 Acres

      Hemp Street

      R&D FACILITY, LABS, PHARMA • 33.39 Acres
      Hemp Street, Ext, NC
      View Details
    • Value Estimation
      $185,000
      1,500 SF

      Airport Rd, NC

      R&D FACILITY, LABS, PHARMA • 1,500 SF
      Airport Rd, NC
      View Details
    • Value Estimation
      $2,920,000
      6.95 Acres

      William Ficklen Dr

      R&D FACILITY, LABS, PHARMA • 6.95 Acres
      William Ficklen Dr, Charlotte, NC
      View Details
    • Value Estimation
      $170,000
      0.01 Acres

      Old Mallard Crk Rd

      R&D FACILITY, LABS, PHARMA • 0.01 Acres
      Old Mallard Crk Rd, Charlotte, NC
      View Details
    • Value Estimation
      $175,000
      1.61 Acres

      Oak St, NC

      R&D FACILITY, LABS, PHARMA • 1.61 Acres
      Oak St, NC
      View Details

    Similar Nearby for Sale

    • $800,000
      100,000 SF

      Catawba Industrial Property for Sale

      Industrial property available for sale in Catawba, North Carolina.
      2101 N Main Ave, Catawba, NC
      View Details
    • Contact for pricing
      100,502 SF

      Stoneville Warehouse with Crane System

      100,502 SF warehouse with crane, dock, and drive-in doors.
      8901 Us-220, Stoneville, NC
      View Details
    • $6,750,000
      300,000 SF

      Winston-Salem Industrial/Manufacturing Facility

      300,000 +/- SF industrial facility near I-40.
      3811 Kimwell Dr, Winston-Salem, NC
      View Details
    • $1,000,000
      32,400 SF

      Industrial Facility with I-95 Access

      32,400 SF industrial facility with excellent highway access.
      13750 Us-301, Rowland, NC
      View Details
    • $4,100,000
      42,400 SF

      Value-Add Self Storage Facility

      Self-storage facility with expansion and outdoor parking rentals.
      3392 Nc-65, Germanton, NC
      View Details
    • $4,800,000
      20,686 SF

      St. James Biotech Ready Facility

      Bio-tech ready facility in St. James, Brunswick County, NC.
      4332 Southport-Supply Rd, Southport, NC
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      73,859 SF

      Industrial Space in Fuquay-Varina

      Available industrial space with 30' ceilings and ample loading.
      8009-8013 Purfoy Rd, Fuquay-Varina, NC
      View Details
    • Contact for pricing
      21,600 SF

      Wadesboro Industrial Space Available

      21,600 SF industrial space for rent in Wadesboro, NC.
      620 Anson Apparel Rd, Wadesboro, NC
      View Details
    • Contact for pricing
      1,002,240 SF

      Kannapolis Warehouse and Distribution Space

      Large distribution warehouse with ample parking and loading capabilities.
      & Old Beatty Frd Rd, Kannapolis, NC
      View Details
    • Contact for pricing
      294,570 SF

      Charlotte Warehouse Space Available 2026

      294,570 SF warehouse with 36' clear height, delivering in 2026.
      9020 Col Taylor Dr, Charlotte, NC
      View Details
    • Contact for pricing
      293,553 SF

      Available Warehouse Space in Kannapolis

      Up to 295,532 SF available in Kannapolis, NC.
      2860 Stadium Dr, Kannapolis, NC
      View Details
    • $4 SF/Yr
      294,323 SF

      McAdenville Warehouse and Distribution Space

      294,323 SF warehouse with heavy power and potential rail service.
      300 Dickson Rd, Mc Adenville, NC
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Emerald Necklace Dr, NC
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.