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Property profile & analytics
FOR SALE
Commercial real estate
109 Roberts St, Asheville, NC 28801
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2020518
For Sale
1 / 12
$4,800,000
109 Roberts St, Asheville, NC 28801
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Construction
BRICK
Total area
25,584 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DEED DATE:01/02/2020 DEED
APN
9638-97-7601-00000
UPID
US53-2020518
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
-
Amy’s Exotic Pet Supply Depot Outlet Department Store
-
A. Faith Arts (Bike/Boat/Book/etc) Store
-
Melting Mountain Pottery Department Store
-
Heart Song Acupuncture Alternative Medicine Practice Acupuncture
-
Phil Mechanic Studios Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.21M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.55M
Owner & transaction history
Hs 109 Roberts Bldg Owner LLC · 6 yrs held
Hs 109 Roberts Bldg Owner LLC
since 2020
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
DEED DATE:01/02/2020 DEED · 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
$3,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,555,000
6.5%
$4,205,000
7%
$3,905,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,775,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.25M (Jan 2 2020)
Last sale anchor
$3.25M
Jan 2 2020
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
$139 / 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
$25,171
Tax year 2024
Assessed value
$2,436,500
Assessed 2024
Previous assessed
$2,436,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$207,300
Improvement market value
$2,229,200
Total market value
$2,436,500
Applied tax rate
4.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1928
Construction
BRICK
Heating
NONE
Stories
4
Total area
25,584 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DEED DATE:01/02/2020 DEED
APN
9638-97-7601-00000
UPID
US53-2020518
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/02/2020 DEED · Asheville, NC
Zoning DEED DATE:01/02/2020 DEED · permitted uses
DEED DATE:01/02/2020 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
MEDICAL BUILDING
Est. value
$5.8M
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
1928
Construction
BRICK
Heating
NONE
Stories
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hs 109 Roberts Bldg Owner LLC
Entity
Mailing address
999 PEACHTREE ST NE STE #1120, ATLANTA, GA 30309-4471
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Hs 109 Roberts Building Owner LLC
—
Deed
related
$3,350,000 · First Bank
Jan 2, 2020
$3,246,000
Hs 109 Roberts Bldg Owner LLC
Phil Mechanic Building LLC
Grant Deed
$2,811,890 · Mrv Banks
Mar 1, 2019
—
Phil Mechanic Building LLC
—
Trustees Deed
related
$2,644,580 · Mrv Banks
Dec 27, 2018
$3,650,000
Phil Mechanic Building LLC
Lifshutz Companies LP
Special Warranty Deed
$2,433,000 · Texas Home Mortgage INC
Dec 27, 2018
—
Phil Mechanic Building LLC
Lifshutz Companies LP
Grant Deed
—
Jan 25, 2016
$1,995,000
Lifshutz Companies LP
Mechanic,mitchell F & Jolene B
Warranty Deed
—
Jun 6, 2006
—
Phil Mechanic Construction Co
Mechanic,mitchell F
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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