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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Strip malls
168 Tunl Rd Asheville, NC 28805-1853
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5313576
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
FRAME
Total area
9,800 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 2022-03-23 DEE
APN
9658-07-9815-00000
UPID
US53-5313576
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
-
Firehouse Subs Tunnel Rd Take-out & Catering Catering Service
-
Octopus Garden Smoke Shop (Bike/Boat/Book/etc) Store
-
Kltr Kickz Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
OG Vapors (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$2.45M
Owner & transaction history
Goldbergbrodtgroup LLC · 4 yrs held
Goldbergbrodtgroup LLC
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-03-23 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 7 DEVELOPMENT
Top alternative use upside
Restaurant
$3.7M
+117.9%
Auto repair, garage
$2.5M
+49.0%
Commercial (general)
$2.4M
+40.1%
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
$2,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,285,000
6.5%
$2,105,000
7%
$1,955,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,685,000
Current use
RESTAURANT
$3,675,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,510,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,360,000
Change: +40% · Conversion: Easy
MEDICAL BUILDING
$2,210,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,975,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,890,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10% · vs last sale $3.28M (Mar 23 2022)
Last sale anchor
$3.28M
Mar 23 2022
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
$249 / 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
$14,018
Tax year 2024
Assessed value
$1,512,400
Assessed 2024
Previous assessed
$1,512,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$680,000
Improvement market value
$832,400
Total market value
$1,512,400
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
9,800 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 2022-03-23 DEE
APN
9658-07-9815-00000
UPID
US53-5313576
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-03-23 DEE · Asheville, NCZoning DEED DATE: 2022-03-23 DEE · permitted uses
DEED DATE: 2022-03-23 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
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2016
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Goldbergbrodtgroup LLC
Entity
Mailing address
344 LONGS CHAPEL RD, WEAVERVILLE, NC 28787-9255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$3,282,500
Goldbergbrodtgroup LLC
Tencent Land LLC
Special Warranty Deed
$2,299,500 · First Bank
Jun 28, 2021
—
Tencent Land LLC
—
Deed
related
$1,500,000 · First Bank
Mar 5, 2013
$710,000
Tencent Land LLC
First Cmnty Bk
Warranty Deed
—
Feb 29, 2012
$750,000
Cmnty Bk E Tn First
Roberson,matthew S
Trustees Deed
related
—
May 27, 2008
$1,582,500
Windstar Tunnel Road LLC
Jgw Holdings LLC
Grant Deed
$1,266,000 · First Community Bank East Tn
Dec 16, 2004
—
Jgw Holdings LLC
Winkenwerder Associates
Warranty Deed
$250,000 · First Citizens Bk
—
—
Tencent Land LLC
—
Deed Of Trust
related
$1,350,000 · Asheville Svgs Bk
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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