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Property profile & analytics
OFF-MARKET
Strip malls
1011 Tunl Rd Asheville, NC 28805-2058
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2582336
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
1,084 SF
Lot
1.93 ac (84,071 SF)
Zoning code
DEED DATE:06/19/2018 DEED
APN
9668-16-5865-00000
UPID
US53-2582336
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
-
Monisha Berkowski Physician Medical Clinic
-
Thrive Direct Care Physician
-
Laurie M. Ivler, LCSW Physician
-
Beverly Hills Styling Day Spa Hair Salon Nail Salon
-
Kathleen Fraysier Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tunnel Road Properties LLC · 8 yrs held
Tunnel Road Properties LLC
since 2018
1 recorded transaction
Zoning & alternative use
DEED DATE:06/19/2018 DEED · Asheville, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,876
Tax year 2024
Assessed value
$3,007,400
Assessed 2024
Previous assessed
$3,007,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$634,300
Improvement market value
$2,373,100
Total market value
$3,007,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
1,084 SF
Lot
1.93 ac (84,071 SF)
Zoning code
DEED DATE:06/19/2018 DEED
APN
9668-16-5865-00000
UPID
US53-2582336
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:06/19/2018 DEED · Asheville, NCZoning DEED DATE:06/19/2018 DEED · permitted uses
DEED DATE:06/19/2018 DEED · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 7 DEVELOPMENT
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Tunnel Road Properties LLC
Entity
Mailing address
PO BOX 1220, SOUTHERN PNES, NC 28388-1220
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
$3,890,000
Tunnel Road Properties LLC
Mediterranean Property Management L
Special Warranty Deed
$2,000,000 · Paragon 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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