Entity Owned Property summary
AI-generated overview
The property is a former bank building at 11 Church St in downtown Asheville, combined with a total of six parcels. The main building is arranged over three levels, including approximately 8,725 sf on the first floor, 8,725 sf on the second floor, and 7,765 sf in the basement, for an aggregate building size of about 25,215 sf. The overall parcel package includes additional land beyond the primary structure, such as parcels configured as parking lots and a walkway, totaling approximately 0.78 acres. A drive-through facility is present at the main location, and the site configuration provides separate floors within the building along with on-site drive-through access and parcel-level flexibility for parking and site circulation.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,400 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DEED DATE: 07/30/1962 DEE
APN
9649-30-7076-00000
UPID
US53-2081886
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bank Loan Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$845k
Owner & transaction history
Zoning & alternative use
DEED DATE: 07/30/1962 DEE · Asheville, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$845k
Value range
$761k – $930k
±10% around blend
Estimated value / SF
$36 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$761k
blend $845k
$930k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,400 SF
Lot area
0.22 ac
Year built
1922
Stories
2
APN
9649-30-7076-00000
Zoning
DEED DATE: 07/30/1962 DEE
Assessed value
$2,655,200
Annual tax
$21,959
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.13M
Range $2.80M – $9.77M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$845k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 78 sales
$257
-86%
Submarket 228 sales
$241
-85%
County 304 sales
$223
-84%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $36/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.66M
Move the market yield to see immediate price impact.
Value / SF
$113
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$167k
$3.35M
$2.39M
$1.86M
$186k
$3.72M
$2.66M
$2.07M
$204k
$4.09M
$2.92M
$2.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,959
Tax year 2024
Assessed value
$2,655,200
Assessed 2024
Previous assessed
$2,655,200
+0.0% YoY
Effective rate
0.83%
On assessed value
Land market value
$1,263,200
Improvement market value
$1,392,000
Total market value
$2,655,200
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Total area
23,400 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DEED DATE: 07/30/1962 DEE
APN
9649-30-7076-00000
UPID
US53-2081886
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/30/1962 DEE · Asheville, NCZoning DEED DATE: 07/30/1962 DEE · permitted uses
DEED DATE: 07/30/1962 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DEED DATE: 07/30/1962 DEE
Jurisdiction
Asheville, NC
Recorded code
DEED DATE: 07/30/1962 DEE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DEED DATE: 07/30/1962 DEE in Asheville, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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