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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
103 Broadway St, Asheville, NC 28801-2905
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1015856
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
FRAME
Total area
4,158 SF
Lot
0.03 ac (1,307 SF)
Zoning code
DEED DATE:02/09/2021 DEED
APN
9649-31-8740-00000
UPID
US53-1015856
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
-
Carlton Edwards Architects Architecture Firm Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$625k
Owner & transaction history
103 Broadway LLC · 5 yrs held
103 Broadway LLC
since 2021
4 recorded transactions
Zoning & alternative use
DEED DATE:02/09/2021 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$940,000
+20.1%
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
$780,000
Current use
MEDICAL BUILDING
$940,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$150 / 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
$5,721
Tax year 2024
Assessed value
$510,400
Assessed 2024
Previous assessed
$510,400
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$98,000
Improvement market value
$412,400
Total market value
$510,400
Applied tax rate
3.0000
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
1949
Construction
FRAME
Heating
NONE
Stories
2
Total area
4,158 SF
Lot
0.03 ac (1,307 SF)
Zoning code
DEED DATE:02/09/2021 DEED
APN
9649-31-8740-00000
UPID
US53-1015856
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:02/09/2021 DEED · Asheville, NC
Zoning DEED DATE:02/09/2021 DEED · permitted uses
DEED DATE:02/09/2021 DEED · 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
$780,000
MEDICAL BUILDING
Est. value
$940,000
OFFICE BUILDING
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
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
1949
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
103 Broadway LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 7466, ASHEVILLE, NC 28802-7466
Ownership since
2021
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
Apr 23, 2021
—
103 Broadway LLC
—
Deed
related
$1,037,000 · Truist Bank
Feb 9, 2021
—
103 Broadway LLC
Rob S Carlton
Warranty Deed
—
Aug 19, 2020
—
103 Broadway LLC
—
Deed
related
$1,037,000 · Truist Bank
Jul 20, 2015
$495,000
Rob S Carlton
Fletcher,nancy C
Warranty Deed
—
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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