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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Retail space
743 Haywood Rd, Asheville, NC 28806-3131
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0294059
Property summary
AI-generated overview
This exceptional 7,937 square foot restaurant and music hall, located at 743 Haywood Road in Asheville, North Carolina, presents a unique investment opportunity. Built in 1930 and situated on a 0.18-acre lot, this property boasts a vibrant history and modern upgrades. The space is zoned HR-1:CORE and features a fully equipped commercial kitchen, designed for optimal workflow and efficiency. The layout allows for concurrent multiple events, showcasing its versatility. The venue includes state-of-the-art audio and lighting production, along with infrastructure for show-streaming, making it ideal for a variety of entertainment options. Beyond the 7,937 square feet of heated interior space, there's an additional 1,224 square foot patio. The property's impressive features include three bars (two on the main floor and one upstairs), equipped with 30 beer taps (24 downstairs and 6 upstairs), and a glycol-chilled system. The building's capacity is 494 people. Currently vacant, this turn-key operation is ready for a new owner to capitalize on its established reputation and prime location in the heart of West Asheville. The asking price is $2,995,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
CONCRETE BLOCKS
Total area
6,388 SF
Lot
0.62 ac (27,007 SF)
Zoning code
DEED DATE: 12/29/2010 DEE
APN
9638-14-9702-00000
UPID
US53-0294059
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
-
Kitchen 743 Restaurant
-
The Car Park Parking Lot & Garage
-
Isis Music Hall Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.32M
Owner & transaction history
Back Home 743 Haywood LLC · 15 yrs held
Back Home 743 Haywood LLC
since 2010
1 recorded transaction
Zoning & alternative use
DEED DATE: 12/29/2010 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+27.3%
Medical building
$1.4M
+12.1%
Commercial (general)
$1.4M
+6.2%
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 Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville 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
RETAIL STORES
$1,285,000
Current use
AUTO REPAIR, GARAGE
$1,635,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,440,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,365,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$1,230,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$206 / 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
$12,109
Tax year 2024
Assessed value
$1,172,100
Assessed 2024
Previous assessed
$1,172,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$528,200
Improvement market value
$643,900
Total market value
$1,172,100
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
6,388 SF
Lot
0.62 ac (27,007 SF)
Zoning code
DEED DATE: 12/29/2010 DEE
APN
9638-14-9702-00000
UPID
US53-0294059
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/29/2010 DEE · Asheville, NC
Zoning DEED DATE: 12/29/2010 DEE · permitted uses
DEED DATE: 12/29/2010 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1930
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Back Home 743 Haywood LLC
Entity
Mailing address
735 HAYWOOD RD, ASHEVILLE, NC 28806-3131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2010
—
Back Home 743 Haywood LLC
Back Home Properties LLC
Quit Claim Deed
$825,000 · Branch Banking & 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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