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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Office buildings
1200 Centrepark Dr Asheville, NC 28805-6107
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US53-1369128
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
BRICK
Total area
11,360 SF
Lot
1.57 ac (68,389 SF)
Zoning code
DEED DATE: 07/13/2004 DEE
APN
9659-11-4663-00000
UPID
US53-1369128
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
-
Parkview Dental Dental Office
-
Dr. J W. Flaherty, DDS Dental Office
-
Dr. Matthew W. Stacey, DDS Dental Office
-
Flaherty J William DDS Dental Office
-
Meat Commodities Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.00M
Owner & transaction history
Paad LLC · 21 yrs held
Paad LLC
since 2004
3 recorded transactions
Zoning & alternative use
DEED DATE: 07/13/2004 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+94.4%
Auto repair, garage
$2.9M
+32.9%
Commercial (general)
$2.7M
+25.0%
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
OFFICE BUILDING
$2,190,000
Current use
RESTAURANT
$4,260,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,910,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,740,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$2,565,000
Change: +17% · Conversion: Easy
RETAIL STORES
$2,285,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,955,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±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
$264 / 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
$21,980
Tax year 2024
Assessed value
$2,371,300
Assessed 2024
Previous assessed
$2,371,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$601,800
Improvement market value
$1,769,500
Total market value
$2,371,300
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Total area
11,360 SF
Lot
1.57 ac (68,389 SF)
Zoning code
DEED DATE: 07/13/2004 DEE
APN
9659-11-4663-00000
UPID
US53-1369128
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/13/2004 DEE · Asheville, NC
Zoning DEED DATE: 07/13/2004 DEE · permitted uses
DEED DATE: 07/13/2004 DEE · 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
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
Paad LLC
Entity
Mailing address
1200 CENTREPARK DR, ASHEVILLE, NC 28805-6107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2004
$428,000
Paad LLC
Rbr & St
Warranty Deed
$80,000 · First Citizens Bk
—
—
Paad LLC
—
Deed Of Trust
related
$250,000 · Suntrust Bk/tallahassee
—
—
Paad LLC
—
Deed Of Trust
related
$1,352,000 · First Citizens Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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