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Property profile & analytics
OFF-MARKET
Estimated value
$20,410,000
Retail space
10 Brk St, Asheville, NC 28803-5500
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-5619458
Property summary
AI-generated overview
This exceptional 4,675-square-foot retail space is located at 10 Brook Street #160 in Asheville, North Carolina's desirable Biltmore Village. Built in 2007, this single-tenant property boasts a prime location within a high-foot-traffic area, surrounded by established national retailers and popular restaurants. Its strategic position offers excellent visibility and accessibility, situated near the entrance to the renowned Biltmore Estate and the Grand Bohemian Hotel, attracting significant tourist traffic. The property features expansive space with high ceilings, desirable street frontage, and prominent corner exposure. The building, one of three stories, sits on 1.29 acres of land and includes 100 parking spaces, ensuring ample convenience for customers and employees. The zoning is designated as CBII. The property's previous tenant was Soft Surroundings, indicating a successful history in this location. With its impressive size, prime location, and high visibility, this retail space presents a unique opportunity for a discerning business seeking a thriving presence in Asheville's most sought-after shopping district. The Buncombe County property has an APN of 9648701141. The entire 4,675 square feet is currently vacant.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE
Total area
111,844 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE: 04/21/2014 DEE
APN
9648-70-1141-00000
UPID
US53-5619458
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
-
Soft Surroundings (Bike/Boat/Book/etc) Store Cosmetic Store
-
Historic Biltmore Village Shopping Center & Mall
-
Studio of Christopher Phelps Law Firm
-
Alec Cantley Real Estate Agency
-
Premier Sotheby's International Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.41M
Blend (final)
Blend
$20.41M
Owner & transaction history
10 Brook Street LLC · 12 yrs held
10 Brook Street LLC
since 2014
4 recorded transactions
Zoning & alternative use
DEED DATE: 04/21/2014 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.3M
+30.2%
Auto repair, garage
$28.7M
+27.3%
Medical building
$25.2M
+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
$22,520,000
Current use
COMMERCIAL (GENERAL)
$29,310,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$28,665,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$25,245,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$21,570,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,240,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$20.41M
Range $18.37M – $22.45M · ±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
$182 / 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
$168,857
Tax year 2024
Assessed value
$18,217,400
Assessed 2024
Previous assessed
$18,217,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$3,312,700
Improvement market value
$14,904,700
Total market value
$18,217,400
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
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
111,844 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE: 04/21/2014 DEE
APN
9648-70-1141-00000
UPID
US53-5619458
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 04/21/2014 DEE · Asheville, NC
Zoning DEED DATE: 04/21/2014 DEE · permitted uses
DEED DATE: 04/21/2014 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
$22.5M
COMMERCIAL (GENERAL)
Est. value
$29.3M
AUTO REPAIR, GARAGE
Est. value
$28.7M
MEDICAL BUILDING
Est. value
$25.2M
OFFICE BUILDING
Est. value
$21.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
10 Brook Street LLC
Entity
Free & Clear · 12 yrs held
Mailing address
10 BRK ST STE #205, ASHEVILLE, NC 28803-2654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
—
10 Brook Street LLC
—
Deed
related
$13,800,000 · First Citizens Bank & Trust Co
Apr 21, 2014
—
10 Brook Street LLC
Historic Biltmore Village LLC
Special Warranty Deed
—
Jul 11, 2005
$100,000
Disant Properties LLC
Esur Ents LLC
Warranty Deed
$80,000 · Capital Bk
Mar 10, 2005
$438,000
Disant Properties LLC
Esur Ents LLC
Warranty Deed
$409,500 · Central Carolina Bk
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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