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Property profile & analytics
OFF-MARKET
Estimated value
$4,595,000
Medical Office Space
14 Medical Park Dr Asheville, NC 28803-2493
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0980898
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,601 SF
Lot
2 ac (87,120 SF)
Zoning code
DEED DATE:04/16/2018 DEED
APN
9657-25-4393-00000
UPID
US53-0980898
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
-
Jesse Sulzer, MD, PhD Physician
-
Hart Sara Elizab Employment Agency
-
Rieman Lynn J Employment Agency
-
Elizabeth Tisdale Physician
-
Sean O'connor Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.50M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$4.60M
Owner & transaction history
Kagr Asheville 14 LLC · 5 yrs held
Kagr Asheville 14 LLC
since 2021
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
DEED DATE:04/16/2018 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+66.1%
Commercial (general)
$4.6M
+16.1%
Auto repair, garage
$4.5M
+13.6%
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
$4,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,870,000
6.5%
$4,495,000
7%
$4,175,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,975,000
Current use
RESTAURANT
$6,595,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,610,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,510,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$3,545,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$3,395,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.60M
Range $4.14M – $5.05M · ±10% · vs last sale $6.16M (Jul 9 2021)
Last sale anchor
$6.16M
Jul 9 2021
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
$261 / 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
$25,797
Tax year 2024
Assessed value
$2,783,200
Assessed 2024
Previous assessed
$2,783,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,154,300
Improvement market value
$1,628,900
Total market value
$2,783,200
Applied tax rate
7.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Total area
17,601 SF
Lot
2 ac (87,120 SF)
Zoning code
DEED DATE:04/16/2018 DEED
APN
9657-25-4393-00000
UPID
US53-0980898
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/16/2018 DEED · Asheville, NC
Zoning DEED DATE:04/16/2018 DEED · permitted uses
DEED DATE:04/16/2018 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 Current
Est. value
$4.0M
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
2 ac
Current owner
From public records · entity-resolved
Kagr Asheville 14 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 9, 2021
$6,158,000
Kagr Asheville 14 LLC
Asheville 14 Medical Properties LLC
Special Warranty Deed
$510,200,000 · Capital One Bank NA
Jul 9, 2018
—
Asheville 14 Medical Properties LLC
—
Deed
related
$3,968,480 · Pnc Bank NA
Apr 16, 2018
$5,300,000
Asheville 14 Medical Props LLC
Sweeten Creek Surgery LLC
Grant Deed
$3,975,000 · Karep V Mo Reit LLC
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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