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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Retail space
120 College St, Asheville, NC 28801-3011
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0070232
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
BRICK
Total area
8,389 SF
Lot
0.08 ac (3,485 SF)
Zoning code
DEED DATE:04/25/2017 DEED
APN
9649-40-6792-00000
UPID
US53-0070232
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
-
Lovins Law Firm Law Firm
-
Black Mountain College Museum + Arts Center Art Museum Art Center
-
Asheville Times Building Property Investment Company
-
Sterritt Law Office PLLC Law Firm
-
Valley Crest Landscape Development Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.89M
Owner & transaction history
Sprouted Seeds LLC · 1 yrs held
Sprouted Seeds LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
DEED DATE:04/25/2017 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+99.5%
Commercial (general)
$2.2M
+36.8%
Auto repair, garage
$2.2M
+36.4%
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
RESTAURANT
$3,145,000
Change: +100% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,155,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,150,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,895,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±10% · vs last sale $4.00M (Jul 30 2024)
Last sale anchor
$4.00M
Jul 30 2024
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
$344 / 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
$19,820
Tax year 2024
Assessed value
$1,768,400
Assessed 2024
Previous assessed
$1,768,400
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$505,200
Improvement market value
$1,263,200
Total market value
$1,768,400
Applied tax rate
2.0000
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
1925
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
3
Total area
8,389 SF
Lot
0.08 ac (3,485 SF)
Zoning code
DEED DATE:04/25/2017 DEED
APN
9649-40-6792-00000
UPID
US53-0070232
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/25/2017 DEED · Asheville, NC
Zoning DEED DATE:04/25/2017 DEED · permitted uses
DEED DATE:04/25/2017 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
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1925
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sprouted Seeds LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7721 SW 53RD PL, MIAMI, FL 33143-5832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$4,000,000
Sprouted Seeds LLC
College 120 LLC
Special Warranty Deed
—
Apr 25, 2017
$1,015,000
College 120 LLC
Western Branch LLC
Warranty Deed
—
Apr 25, 2017
—
Western Branch LLC
Hutton James L Trust
Grant Deed
—
Nov 9, 2016
—
Western Branch LLC
—
Deed
related
$125,000 · Bank Of America
Aug 9, 2013
—
Western Branch LLC
No Small Plans LLC
Quit Claim Deed
related
$534,628 · Bank Of America
Nov 13, 2012
$685,000
No Small Plans LLC
Swingmat LLC
Warranty Deed
$548,000 · Bank Of America
Oct 4, 2006
$225,000
Lcc Swingmat
Shepard,nora D Tr
Grant Deed
related
—
Aug 1, 2006
$225,000
Swingmat LLC
Hutton,elizabeth D Trust
Grant Deed
—
Aug 1, 2006
$150,000
Swingmat LLC
Hutton,elizabeth D
Grant Deed
—
Aug 1, 2006
—
Swingmat LLC
Andres,carol B
Grant Deed
related
—
Jul 11, 2005
—
Hutton,elizabeth D
Hutton James L Trust
Quit Claim Deed
related
—
—
—
Western Branch LLC
—
Deed Of Trust
related
$125,000 · Bank Of America
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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