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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Strip malls
1334 Patton Ave Asheville, NC 28806-2606
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-2452631
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Total area
9,962 SF
Lot
0.81 ac (35,284 SF)
Zoning code
DEED DATE: 07/21/2010 DEE
APN
9628-86-7888-00000
UPID
US53-2452631
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
-
Augie Tammariello - State Farm Insurance Agent Insurance Agency
-
Firehouse Subs Patton Ave Take-out & Catering Catering Service
-
Papa John's Pizza Take-out & Catering
-
OG Vapors (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
iSmashed NC iPhone, iPod, iPad Repairs Electronics & Wireless Store Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.78M
Owner & transaction history
Park Terrace Properties II LLC
Park Terrace Properties II LLC
1 recorded transaction
Zoning & alternative use
DEED DATE: 07/21/2010 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 7 DEVELOPMENT
Top alternative use upside
Auto repair, garage
$2.6M
+49.0%
Medical building
$2.3M
+31.2%
Commercial (general)
$2.1M
+24.3%
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
$1,715,000
Current use
AUTO REPAIR, GARAGE
$2,555,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$2,250,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,130,000
Change: +24% · Conversion: Easy
RETAIL STORES
$2,005,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,920,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$179 / 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
$17,495
Tax year 2024
Assessed value
$1,693,400
Assessed 2024
Previous assessed
$1,693,400
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$917,400
Improvement market value
$776,000
Total market value
$1,693,400
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
2015
Heating
NONE
Stories
1
Total area
9,962 SF
Lot
0.81 ac (35,284 SF)
Zoning code
DEED DATE: 07/21/2010 DEE
APN
9628-86-7888-00000
UPID
US53-2452631
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/21/2010 DEE · Asheville, NCZoning DEED DATE: 07/21/2010 DEE · permitted uses
DEED DATE: 07/21/2010 DEE · 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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
2015
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Park Terrace Properties II LLC
Entity
Mailing address
PO BOX 6009, ASHEVILLE, NC 28816-6009
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Park Terrace Properties II LLC
—
Deed Of Trust
related
$900,403 · Branch Banking & Trust Co
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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