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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
16 Church St, Asheville, NC 28801-3360
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5803040
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
BRICK
Total area
4,648 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DEED DATE:11/05/2019 DEED
APN
9649-30-9006-00000
UPID
US53-5803040
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
-
DLP Capital Corporate Office Financial Advisor
-
Apex Roofing Co Roofing Company General Contractor
-
The Lofts at 16 Church Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Church St Ventures LLC · 2 yrs held
Church St Ventures LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
DEED DATE:11/05/2019 DEED · Asheville, 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 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
RETAIL STORES
$875,000
Current use
OFFICE BUILDING
$860,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jan 23 2024)
Last sale anchor
$600k
Jan 23 2024
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
$129 / 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
$18,217
Tax year 2024
Assessed value
$1,625,400
Assessed 2024
Previous assessed
$1,625,400
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$379,000
Improvement market value
$1,246,400
Total market value
$1,625,400
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Units
2
Total area
4,648 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DEED DATE:11/05/2019 DEED
APN
9649-30-9006-00000
UPID
US53-5803040
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:11/05/2019 DEED · Asheville, NC
Zoning DEED DATE:11/05/2019 DEED · permitted uses
DEED DATE:11/05/2019 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
RETAIL STORES Current
Est. value
$875,000
OFFICE BUILDING
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
RETAIL STORES Current
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
1930
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Church St Ventures LLC
Entity
Free & Clear · 2 yrs held
Mailing address
405 GOLFWAY W DR, SAINT AUGUSTINE, FL 32095-8841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
$600,000
Church St Ventures LLC
Rjd Financial Holding LLC
Special Warranty Deed
—
Apr 15, 2021
—
Church St Ventures LLC
—
Deed
related
$1,632,000 · Home Trust Bank
Nov 5, 2019
$600,000
Rjd Financial Holding LLC
Church St Ventures LLC
Warranty Deed
—
Jan 28, 2019
$2,200,000
Avalon Properties LLC
Avalon Properties LLC
Warranty Deed
—
Jan 28, 2019
—
Church St Ventures LLC
—
Deed
related
$1,955,000 · Dlp Income & Growth Fund I LLC
Aug 15, 2007
$568,000
Mary Hart
Frue,william
Grant Deed
—
—
—
Church St Ventures LLC
—
Deed Of Trust
related
$1,955,000 · Dlp Income & Growth Fund I LLC
—
—
Twist Of Fate Development
—
Deed Of Trust
related
$400,000 · Forest Commercial Bank
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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