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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Commercial real estate
15 Crowell Rd Asheville, NC 28806-1143
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-0304817
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,403 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE: 07/02/2013 DEE
APN
9617-89-2290-00000
UPID
US53-0304817
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
-
Comfort Inn Biltmore West Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$5.32M
Owner & transaction history
Ellicott LLC · 7 yrs held
Ellicott LLC
since 2019
6 recorded transactions
Zoning & alternative use
DEED DATE: 07/02/2013 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 7 DEVELOPMENT
Top alternative use upside
Auto repair, garage
$8.3M
+19.8%
Medical building
$7.3M
+5.5%
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
COMMERCIAL (GENERAL)
$6,930,000
Current use
AUTO REPAIR, GARAGE
$8,305,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$7,315,000
Change: +6% · Conversion: Easy
RETAIL STORES
$6,525,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$6,250,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,575,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±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
$164 / 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
$31,793
Tax year 2024
Assessed value
$3,430,000
Assessed 2024
Previous assessed
$3,430,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$729,300
Improvement market value
$2,700,700
Total market value
$3,430,000
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Units
63
Total area
32,403 SF
Lot
1.3 ac (56,628 SF)
Zoning code
DEED DATE: 07/02/2013 DEE
APN
9617-89-2290-00000
UPID
US53-0304817
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/02/2013 DEE · Asheville, NCZoning DEED DATE: 07/02/2013 DEE · permitted uses
DEED DATE: 07/02/2013 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
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
63
Lot
1.3 ac
Current owner
From public records · entity-resolved
Ellicott LLC
Entity
Free & Clear · 7 yrs held
Mailing address
15 CROWELL RD, ASHEVILLE, NC 28806-1143
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Ellicott LLC
—
Deed
related
$2,100,000 · Park National Bank
Mar 12, 2019
—
Ellicott LLC
Windstar-enka LLC
Grant Deed
related
—
Jun 27, 2018
—
Ellicott LLC
—
Deed
related
$2,500,000 · First Citizens Bank & Trust Co
Jul 2, 2013
—
Ellicott LLC
Mahesh R Patel
Warranty Deed
$2,000,000 · Forest Commercial Bank
Apr 8, 2005
—
Patel,mahesh R & Nitaben
—
Trustees Deed
related
$100,000 · Bank Of Asheville
—
—
Mahesh R Patel
—
Deed Of Trust
related
—
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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