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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Commercial land
Mimidis Ln Swannanoa, NC 28778
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3621539
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.32 ac (13,939 SF)
Zoning code
DEED DATE: 2023-11-08 DEE
APN
9678-87-0758-00000
UPID
US53-3621539
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
$1.11M
Owner & transaction history
Carolina Eclipse Properties LLC · 2 yrs held
Carolina Eclipse Properties LLC
since 2023
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
DEED DATE: 2023-11-08 DEE · Swannanoa, NC
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 Swannanoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swannanoa 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
$910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.11M (Nov 8 2023)
Last sale anchor
$1.11M
Nov 8 2023
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
—
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
$183
Tax year 2024
Assessed value
$27,900
Assessed 2024
Previous assessed
$27,900
+0.0% YoY
Effective rate
0.66%
On assessed value
Land market value
$27,900
Total market value
$27,900
Applied tax rate
21.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.32 ac (13,939 SF)
Zoning code
DEED DATE: 2023-11-08 DEE
APN
9678-87-0758-00000
UPID
US53-3621539
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-11-08 DEE · Swannanoa, NCZoning DEED DATE: 2023-11-08 DEE · permitted uses
DEED DATE: 2023-11-08 DEE · Swannanoa, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Carolina Eclipse Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
111 FAIRVIEW OAKS LN, ASHEVILLE, NC 28803-8811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 8, 2023
$1,110,000
Carolina Eclipse Properties LLC
Asheville Home Builders Association
Warranty Deed
—
Dec 15, 2008
$40,000
Home Builders Assn Asheville
Payne,john Roy
Grant Deed
—
—
—
Home Builders Assn Asheville
—
Deed Of Trust
related
$170,000 · First 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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