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Property profile & analytics
OFF-MARKET
Estimated value
$11,340,000
Strip malls
105 Riv Hls Rd Asheville, NC 28805-2546
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1591243
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
103,527 SF
Lot
15.06 ac (656,014 SF)
Zoning code
DEED DATE:11/01/2018 DEED
APN
9658-32-2985-00000
UPID
US53-1591243
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.34M
Blend (final)
Blend
$11.34M
Owner & transaction history
River Hills Property LLC · 7 yrs held
River Hills Property LLC
since 2018
6 recorded transactions
Zoning & alternative use
DEED DATE:11/01/2018 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
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
NEIGHBORHOOD: SHOPPING CENTER
$17,810,000
Current use
Blend value · Realmo final
$11.34M
Range $10.21M – $12.47M · ±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
$110 / 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
$100,105
Tax year 2024
Assessed value
$10,800,000
Assessed 2024
Previous assessed
$10,800,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$3,066,900
Improvement market value
$7,733,100
Total market value
$10,800,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
103,527 SF
Lot
15.06 ac (656,014 SF)
Zoning code
DEED DATE:11/01/2018 DEED
APN
9658-32-2985-00000
UPID
US53-1591243
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:11/01/2018 DEED · Asheville, NCZoning DEED DATE:11/01/2018 DEED · permitted uses
DEED DATE:11/01/2018 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
15.06 ac
Current owner
From public records · entity-resolved
River Hills Property LLC
Entity
Mailing address
7 E CONGRESS ST S STE 900A, SAVANNAH, GA 31401-3337
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
$20,120,000
River Hills Property LLC
River Hills Improvement LLC
Special Warranty Deed
$14,900,000 · Deutsche Bank National Trust Co
Dec 10, 2014
$22,000,000
River Hills Improvements LLC
Bre Ddr River Hills LP
Intrafamily Transfer
related
$142,625,000 · Wells Fargo Bank NA
Jun 28, 2012
—
Bre Ddr River Hills LP
Ddr Mdt Asheville Riv Hills Ll
Quit Claim Deed
related
—
Mar 25, 2011
—
Ddr Mdt Asheville Riv Hills Ll
—
Deed Of Trust
related
$115,000,000 · Ubs Real Estate Securities INC
Jun 3, 2004
—
Ddr Mdt Asheville Riv Hills Ll
Jdn Realty Corp
Trustees Deed
$166,304,204 · German Am Cap
May 13, 2004
—
Mdt Asheville River Hill Ddr
Jdn Realty Corpo
Grant Deed
related
—
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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