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    Property profile & analytics

    191 Biltmore Ave Asheville, NC 28801-4109

    • Medical offices
    • 19,844 SF
    • 2.36 lot acres
    OFF-MARKET
    Value Estimation
    $6,550,000
    Last Sale
    Jan 13, 2025
    $6,795,000
    Location Intelligence
    Property ID
    US53-0736296
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Morgan James S MD / Doctor
    • Jessica Fisher / Gastroenterologist / Practitioner Service Location
    • Virginia Waymouth / Practitioner Service Location / Nurse Practitioner
    • Dr. Brian Garvin / Gastroenterologist / Practitioner Service Location
    • Dr. Michael Heacock / Gastroenterologist / Practitioner Service Location

    Property Details for 191 Biltmore Ave

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.36 lot acres
    Property size
    19,844 SF
    Zone code
    DEED DATE:01/30/2003 DEED
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    9648-47-0666-00000
    APU
    964847066600000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,095,000
      6.5%
      $7,475,000
      7%
      $6,485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,405,000
      Geo Method
      $5,650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,865,000
      Retail
      $7,970,000
      Mixed-Use
      $7,345,000
      Hospitality
      $7,270,000
      Educational
      $8,210,000
      Residential Income
      $8,220,000
      Energy
      $8,075,000
      Income-Based Land
      $6,545,000
      Food Service
      $7,190,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5524
    Latitude
    35.5876
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $88,338
    $0.00
    $0.00
    $7,881,700
    -
    $4,626,000
    $3,255,700
    $7,881,700

    Comparable in this City

    • Value Estimation by Request
      8,946 SF

      14 Mcdowell St

      MEDICAL BUILDING • 8,946 SF
      14 Mcdowell St, Asheville, NC 28801-4104
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    • Value Estimation by Request
      13,708 SF

      129 Mcdowell St

      MEDICAL BUILDING • 13,708 SF
      129 Mcdowell St, Asheville, NC 28801-4434
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    • Value Estimation by Request
      10,648 SF

      260 Merrimon Ave

      MEDICAL BUILDING • 10,648 SF
      260 Merrimon Ave, Asheville, NC 28801-1274
      View Details
    • Value Estimation by Request
      11,646 SF

      247 Biltmore Ave

      MEDICAL BUILDING • 11,646 SF
      247 Biltmore Ave, Asheville, NC 28801-4107
      View Details
    • Value Estimation by Request
      8,896 SF

      5 Livingston St

      MEDICAL BUILDING • 8,896 SF
      5 Livingston St, Asheville, NC 28801-4407
      View Details
    • Value Estimation by Request
      9,176 SF

      34 Granby St

      MEDICAL BUILDING • 9,176 SF
      34 Granby St, Asheville, NC 28801-4611
      View Details

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    Property Visit Statistics

    • Visits by month
      13.8k
    • Visitors by month
      11.3k
    • Avg Time on site
      8 min
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    191 Biltmore Ave
    Asheville, NC 28801-4109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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