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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Medical Office Space
18 Medical Park Dr Asheville, NC 28803-2493
Entity Owned
17-yr Hold
Free & Clear
Property ID
US53-1655810
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,542 SF
Lot
2.42 ac (105,415 SF)
Zoning code
DEED DATE: 12/09/2008 DEE
APN
9657-25-2733-00000
UPID
US53-1655810
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
-
Lacy Eugene Thornburg, MD Physician
-
Annette Parris Physician
-
Adam Starr Physician
-
Charles Robbins Physician
-
Jenni Sims Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.66M
Blend (final)
Blend
$5.66M
Owner & transaction history
Rmp Lot 9 LLC · 17 yrs held
Rmp Lot 9 LLC
since 2008
7 recorded transactions
Zoning & alternative use
DEED DATE: 12/09/2008 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+66.1%
Commercial (general)
$5.6M
+16.1%
Auto repair, garage
$5.5M
+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
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
MEDICAL BUILDING
$4,860,000
Current use
RESTAURANT
$8,075,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,645,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,520,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$4,335,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$4,155,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$263 / 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
$54,704
Tax year 2024
Assessed value
$5,901,800
Assessed 2024
Previous assessed
$5,901,800
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,396,700
Improvement market value
$4,505,100
Total market value
$5,901,800
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Total area
21,542 SF
Lot
2.42 ac (105,415 SF)
Zoning code
DEED DATE: 12/09/2008 DEE
APN
9657-25-2733-00000
UPID
US53-1655810
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/09/2008 DEE · Asheville, NC
Zoning DEED DATE: 12/09/2008 DEE · permitted uses
DEED DATE: 12/09/2008 DEE · 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
$4.9M
RESTAURANT
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.42 ac
Current owner
From public records · entity-resolved
Rmp Lot 9 LLC
Entity
Free & Clear · 17 yrs held
Mailing address
18 MEDICAL PARK DR, ASHEVILLE, NC 28803-2493
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Dec 15, 2025
—
Rmp Lot 9 LLC
—
Deed
related
$500,000 · First Citizens Bank & Trust Co
Dec 22, 2023
—
Rmp Lot 9 LLC
—
Deed
related
$335,000 · First & Peoples B&t Co
Dec 28, 2021
—
Rmp Lot 9 LLC
—
Deed
related
$8,150,000 · First Citizens Bank & Trust Co
Jun 29, 2017
—
Park Dr Asheville Nc
—
Deed
related
$6,010,000 · Bank Trust Company
Dec 9, 2008
$900,000
Rmp Lot 9 LLC
Shoff,edward B JR
Grant Deed
—
Jun 30, 2005
$287,000
Medland Associates LLC
Shoff,edward B & Marian B
Warranty Deed
—
—
—
Rmp Lot 9 LLC
—
Deed Of Trust
related
$5,675,000 · 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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