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Property profile & analytics
OFF-MARKET
Estimated value
$19,350,000
Office Spaces
100 Fairview Rd Asheville, NC 28803-2308
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-2298966
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1946
Construction
BRICK
Total area
113,086 SF
Lot
4.06 ac (176,854 SF)
Zoning code
DEED DATE: 05/19/2014 DEE
APN
9648-80-3380-00000
UPID
US53-2298966
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
-
Village Pub Restaurant
-
Blue Ridge Converting Department Store
-
Davis Home Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.35M
Blend (final)
Blend
$19.35M
Owner & transaction history
District Asheville LLC · 10 yrs held
District Asheville LLC
since 2015
6 recorded transactions
Zoning & alternative use
DEED DATE: 05/19/2014 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$29,635,000
Current use
AUTO REPAIR, GARAGE
$28,985,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$25,525,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$19.35M
Range $17.42M – $21.29M · ±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
$171 / 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
$20,991
Tax year 2024
Assessed value
$2,264,600
Assessed 2024
Previous assessed
$2,264,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$488,600
Improvement market value
$1,776,000
Total market value
$2,264,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1946
Construction
BRICK
Heating
NONE
Stories
1
Total area
113,086 SF
Lot
4.06 ac (176,854 SF)
Zoning code
DEED DATE: 05/19/2014 DEE
APN
9648-80-3380-00000
UPID
US53-2298966
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 05/19/2014 DEE · Asheville, NC
Zoning DEED DATE: 05/19/2014 DEE · permitted uses
DEED DATE: 05/19/2014 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
COMMERCIAL (GENERAL) Current
Est. value
$29.6M
AUTO REPAIR, GARAGE
Est. value
$29.0M
MEDICAL BUILDING
Est. value
$25.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1946
Construction
BRICK
Heating
NONE
Stories
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
District Asheville LLC
Entity
Free & Clear · 10 yrs held
Mailing address
100 FAIRVIEW RD, ASHEVILLE, NC 28803-2308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
—
100 Fairview Road LLC
—
Deed
related
$975,000 · United States Small Business Admin
Jul 29, 2015
$3,300,000
District Asheville LLC
Dabhill LLC
Grant Deed
—
May 19, 2014
$1,542,000
100 Fairview Road LLC
Enterprise Park INC
Warranty Deed
$2,185,000 · Suntrust Bank
Jan 15, 2014
$1,400,000
Enterprise Park INC
100 Fairview LLC
Warranty Deed
—
Apr 18, 2008
—
100 Fairview LLC
Slosman,fred N
Grant Deed
related
—
—
—
100 Fairview LLC
—
Deed Of Trust
related
$200,000 · Carolina First 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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