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Property profile & analytics
FOR LEASE
Retail space
10 Biltmore Plz, Asheville, NC 28803
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2191868
For Lease
$3,490,000
10 Biltmore Plz, Asheville, NC 28803
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
BRICK
Total area
23,968 SF
Lot
0.48 ac (20,909 SF)
Zoning code
DEED DATE: 10/16/2013 DEE
APN
9648-60-8056-00000
UPID
US53-2191868
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
-
J.Jill Clothing & Fashion Store
-
NC Photo Box Wedding Service Photography Service
-
The Windsor Agency, Inc. Employment Agency
-
The Cantina At Historic Biltmore Village Restaurant
-
TINA Stephens Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.49M
Owner & transaction history
10 Biltmore Plaza LLC · 12 yrs held
10 Biltmore Plaza LLC
since 2013
3 recorded transactions
Zoning & alternative use
DEED DATE: 10/16/2013 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+12.1%
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
$4,825,000
Current use
MEDICAL BUILDING
$5,410,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$4,620,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,125,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±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
$146 / 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
$23,786
Tax year 2024
Assessed value
$2,566,200
Assessed 2024
Previous assessed
$2,566,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,223,200
Improvement market value
$1,343,000
Total market value
$2,566,200
Applied tax rate
7.0000
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
For Lease
Year built
1930
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Total area
23,968 SF
Lot
0.48 ac (20,909 SF)
Zoning code
DEED DATE: 10/16/2013 DEE
APN
9648-60-8056-00000
UPID
US53-2191868
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 10/16/2013 DEE · Asheville, NC
Zoning DEED DATE: 10/16/2013 DEE · permitted uses
DEED DATE: 10/16/2013 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
$4.8M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
RETAIL STORES Current
MEDICAL BUILDING
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
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
10 Biltmore Plaza LLC
Entity
Mailing address
10 BILTMORE PLZ, ASHEVILLE, NC 28803-2696
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jul 21, 2025
—
10 Biltmore Plaza LLC
—
Deed
related
$1,758,500 · United States Small Business Admin
Oct 16, 2013
$2,330,000
10 Biltmore Plaza LLC
Biltmore Plaza Centre INC
Special Warranty Deed
$855,000 · First Citizens Bank & Trust Co
—
—
Biltmore,plaza Centre INC
—
Deed Of Trust
related
$1,150,000 · Rbc Centura 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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