Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

122 College St Asheville, NC 28801

FOR SALE
Retail space
Property ID
US53-0631853
12,060 SF 0.07 ac lot Built 1917
Last sale May 2021 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This mixed-use property is located directly on Pack Square in Downtown Asheville and includes residential units above and commercial space below. The upper level comprises two 2-bedroom, 2-bath units and one 3-bedroom, 3.5-bath penthouse, each accessed via a private entrance, with design elements that include exposed brick, high ceilings, and large windows that provide city and mountain views; the penthouse includes 25-foot ceilings, a 380-square-foot loft, and a private rooftop terrace…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value$2.08M
Effective rate1.12%

Value estimate

· Oct 2026
$1.36M
$1.22M – $1.49M
CAP approach$2.18M
Submarket $/SF estimate$2.10M
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$4k
Operating expenses−$55k
NOI · 3.78% cap applied$166k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$188/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$150 – $286
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.78%
$166k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DEED DATE:04/28/2017 DEED
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.1
Storage Facility9.0
Shoe Repair8.7

Location

122 College St Asheville, NC 28801
County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18 Church, Asheville, NC 28801-3304 $4,065,000 Aug 2025 10,880 SF
120 College, Asheville, NC 28801-3011 $4,000,000 Jul 2024 8,389 SF
31 Patton, Asheville, NC 28801-3314 $2,245,000 Jul 2024 12,420 SF
15 Walnut, Asheville, NC 28801-2981 $960,000 Jun 2024 12,498 SF
120 Merrimon, Asheville, NC 28801-2325 $8,839,000 May 2023 13,576 SF
197 Hilliard, Asheville, NC 28801-3616 $1,400,000 Oct 2022 7,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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