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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Motels
100 Tunl Rd, Asheville, NC 28805-1818
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2083624
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Construction
WOOD FRAME
Total area
3,619 SF
Lot
2.08 ac (90,605 SF)
Zoning code
DEED DATE: 2022-10-07 DEE
APN
9658-09-5785-00000
UPID
US53-2083624
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
-
A and A Drywall Hardware & Home Improvement Interior Design
-
Americas Best Value Inn Asheville Hotel & Motel
-
Brookside Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.80M
Owner & transaction history
Laxmi Clt INC · 3 yrs held
Laxmi Clt INC
since 2022
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
DEED DATE: 2022-10-07 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
$1,885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $2.20M (Oct 7 2022)
Last sale anchor
$2.20M
Oct 7 2022
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
$497 / 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
$14,246
Tax year 2024
Assessed value
$1,537,000
Assessed 2024
Previous assessed
$1,537,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,372,800
Improvement market value
$164,200
Total market value
$1,537,000
Applied tax rate
8.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Total area
3,619 SF
Lot
2.08 ac (90,605 SF)
Zoning code
DEED DATE: 2022-10-07 DEE
APN
9658-09-5785-00000
UPID
US53-2083624
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-10-07 DEE · Asheville, NC
Zoning DEED DATE: 2022-10-07 DEE · permitted uses
DEED DATE: 2022-10-07 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.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
2.08 ac
Current owner
From public records · entity-resolved
Laxmi Clt INC
Entity
Mailing address
1415 TUNL RDD-1-1, ASHEVILLE, NC 28805-2803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$2,200,000
Laxmi Clt INC
Tunnel Road Property Group LLC
Special Warranty Deed
$2,175,000 · Bank Of George
Jul 2, 2013
$960,000
Tunnel Rd Property Group LLC
Ghassemieh,mohammad B & Narjes
Warranty Deed
$860,000 · Mohammad B & Mohammad S Ghassemieh
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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