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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Breweries
190 Hendersonville Rd, Asheville, NC 28803-2680
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4672488
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
2020
Total area
14,211 SF
Lot
1.4 ac (60,984 SF)
Zoning code
DEED DATE:04/11/2019 DEED
APN
9647-78-1643-00000
UPID
US53-4672488
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
-
RockBox Fitness Asheville Gym & Fitness Center Sports School
-
Christine Dugan, Engel & Völkers Asheville Real Estate Agency
-
Engel & Völkers Asheville Real Estate Agency
-
InMotion Wellness Studio Asheville Gym & Fitness Center Alternative Medicine Practice
-
HOTWORX - Asheville, NC (Biltmore Village) Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.62M
Owner & transaction history
Hydrate Medical Pa · 4 yrs held
Hydrate Medical Pa
since 2021
2 recorded transactions
Zoning & alternative use
DEED DATE:04/11/2019 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+131.8%
Commercial (general)
$3.7M
+62.0%
Auto repair, garage
$3.6M
+58.5%
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
DISTILLERY, BREWERY, BOTTLING
$2,300,000
Current use
RESTAURANT
$5,325,000
Change: +132% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,725,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,640,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$3,205,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,860,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,740,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,445,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$254 / 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
$29,703
Tax year 2024
Assessed value
$3,204,600
Assessed 2024
Previous assessed
$3,204,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,768,500
Improvement market value
$1,436,100
Total market value
$3,204,600
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
14,211 SF
Lot
1.4 ac (60,984 SF)
Zoning code
DEED DATE:04/11/2019 DEED
APN
9647-78-1643-00000
UPID
US53-4672488
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/11/2019 DEED · Asheville, NC
Zoning DEED DATE:04/11/2019 DEED · permitted uses
DEED DATE:04/11/2019 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
DISTILLERY, BREWERY, BOTTLING Current
Est. value
$2.3M
RESTAURANT
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
DISTILLERY, BREWERY, BOTTLING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2020
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Hydrate Medical Pa
Individual
Free & Clear · 4 yrs held
Mailing address
4401 LAKESIDE DR UNIT #601, JACKSONVILLE, FL 32210-3362
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
—
Hydrate Medical Pa
Allen White Company LLC
Lease
—
Apr 11, 2019
$3,350,000
Allen White Co LLC
Butel LLC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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