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Property profile & analytics
OFF-MARKET
Estimated value
$6,515,000
Medical Office Space
191 Biltmore Ave, Asheville, NC 28801-4109
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0736296
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,844 SF
Lot
2.36 ac (102,802 SF)
Zoning code
DEED DATE:01/30/2003 DEED
APN
9648-47-0666-00000
UPID
US53-0736296
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
-
Morgan James S MD Physician
-
Jessica Fisher Physician
-
Virginia Waymouth Physician
-
Dr. Brian Garvin Physician
-
Dr. Michael Heacock Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.07M
Comparable Approach
Comparable
$6.33M
Blend (final)
Blend
$6.52M
Owner & transaction history
Dmim 191 Biltmore LLC · 1 yrs held
Dmim 191 Biltmore LLC
since 2025
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
DEED DATE:01/30/2003 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+66.1%
Commercial (general)
$5.1M
+13.8%
Auto repair, garage
$5.1M
+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
$6,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,490,000
6.5%
$5,070,000
7%
$4,705,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,480,000
Current use
RESTAURANT
$7,440,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,100,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,085,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.86M – $7.17M · ±10% · vs last sale $6.80M (Jan 13 2025)
Last sale anchor
$6.80M
Jan 13 2025
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
$328 / 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
$88,338
Tax year 2024
Assessed value
$7,881,700
Assessed 2024
Previous assessed
$7,881,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$4,626,000
Improvement market value
$3,255,700
Total market value
$7,881,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
19,844 SF
Lot
2.36 ac (102,802 SF)
Zoning code
DEED DATE:01/30/2003 DEED
APN
9648-47-0666-00000
UPID
US53-0736296
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/30/2003 DEED · Asheville, NC
Zoning DEED DATE:01/30/2003 DEED · permitted uses
DEED DATE:01/30/2003 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
MEDICAL BUILDING Current
Est. value
$4.5M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.1M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.36 ac
Current owner
From public records · entity-resolved
Dmim 191 Biltmore LLC
Entity
Free & Clear · 1 yrs held
Mailing address
191 BILTMORE AVE, ASHEVILLE, NC 28801-4109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 13, 2025
$6,795,000
Dmim 191 Biltmore LLC
Entero Med Lc
Special Warranty Deed
—
Dec 8, 2023
—
Entero Med LLC
—
Deed
related
$1,350,000 · First Citizens Bank & Trust Co
Jun 28, 2023
—
Entero Med LLC
—
Deed
related
$7,000,000 · First Citizens Bank & Trust Co
Aug 20, 2021
—
Entero Med LLC
—
Deed
related
$4,500,000 · Truist Bank
May 29, 2020
—
Entero Med LLC
—
Deed
related
$3,500,000 · Truist Bank
Jun 19, 2018
—
Entero-med LLC
—
Deed
related
$650,000 · Branch Bk&tr
—
—
Entero Med LLC
—
Deed Of Trust
related
$3,200,000 · Branch Bk&tr
—
—
Entero-med LLC
—
Deed Of Trust
related
$650,000 · Branch Bk&tr
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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