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Property profile & analytics
OFF-MARKET
Estimated value
$4,770,000
Schools
131 Ss Ave Swannanoa, NC 28778-3035
Individually Owned
Free & Clear
Property ID
US53-1118448
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1970
Construction
WOOD FRAME
Total area
1,960 SF
Lot
1005.5 ac (43,799,580 SF)
Zoning code
DEED DATE: 10/23/1972 DEE
APN
9679-54-4937-00000
UPID
US53-1118448
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
-
Roots and Branches Bakery Production Facility
-
Ovenbird Kitchen Bakery Specialty Food Shop
-
Frozen Monkey Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.77M
Owner & transaction history
Shirley S Pope
Shirley S Pope
since 2025
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
DEED DATE: 10/23/1972 DEE · Swannanoa, 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 Swannanoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swannanoa 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$2,434 / 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
Assessed value
$52,838,100
Assessed 2024
Previous assessed
$49,060,000
+7.7% YoY
Land market value
$8,756,800
Improvement market value
$44,081,300
Total market value
$52,838,100
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
61
Stories
1
Bathrooms
1
Total area
1,960 SF
Lot
1005.5 ac (43,799,580 SF)
Zoning code
DEED DATE: 10/23/1972 DEE
APN
9679-54-4937-00000
UPID
US53-1118448
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 10/23/1972 DEE · Swannanoa, NC
Zoning DEED DATE: 10/23/1972 DEE · permitted uses
DEED DATE: 10/23/1972 DEE · Swannanoa, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swannanoa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
61
Bathrooms
1
Lot
1005.5 ac
Current owner
From public records · entity-resolved
Shirley S Pope
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 9000, ASHEVILLE, NC 28815-9000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Sep 18, 2025
—
Shirley S Pope
Warren Wilson College
Warranty Deed
—
Sep 18, 2025
$4,769,000
Berea LLC
Warren Wilson College
Warranty Deed
—
Jan 7, 2016
$16,158,500
Warren Wilson College Foundation Ll
Warren Wilson College
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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