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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Medical Office Space
1915 Hendersonville Rd Asheville, NC 28803-2104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0918274
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,552 SF
Lot
1.34 ac (58,370 SF)
Zoning code
DEED DATE:04/27/2017 DEED
APN
9655-24-0303-00000
UPID
US53-0918274
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
-
Blue Ridge Orthodontics Dental Office
-
Impressions (Bike/Boat/Book/etc) Store Cosmetic Store
-
Jennifer Giltner Dental Office
-
Blue Ridge Orthodontics - Oral Surgery Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.47M
Owner & transaction history
Light Wave Dental Management LLC · 4 yrs held
Light Wave Dental Management LLC
since 2022
7 recorded transactions
Zoning & alternative use
DEED DATE:04/27/2017 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+66.1%
Commercial (general)
$2.8M
+16.1%
Auto repair, garage
$2.7M
+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
$2,380,000
Current use
RESTAURANT
$3,955,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,765,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,705,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$2,125,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$2,035,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±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
$234 / 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
$23,842
Tax year 2024
Assessed value
$2,572,200
Assessed 2024
Previous assessed
$2,572,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,172,500
Improvement market value
$1,399,700
Total market value
$2,572,200
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Total area
10,552 SF
Lot
1.34 ac (58,370 SF)
Zoning code
DEED DATE:04/27/2017 DEED
APN
9655-24-0303-00000
UPID
US53-0918274
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/27/2017 DEED · Asheville, NC
Zoning DEED DATE:04/27/2017 DEED · permitted uses
DEED DATE:04/27/2017 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
$2.4M
RESTAURANT
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Light Wave Dental Management LLC
Entity
Mailing address
1915 HENDERSONVILLE RD, ASHEVILLE, NC 28803-2104
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Roberts Investments Properties LLC
—
Deed
related
$1,238,000 · L Roberts Family LLC
Jun 15, 2022
—
Roberts Investment Properties LLC
—
Deed
related
$2,093,286 · Bank Of America NA
May 17, 2022
$13,000
Light Wave Dental Management LLC
Roberts Investment Properties LLC
Lease
—
Nov 19, 2018
—
Carolina Business Capital INC
—
Deed
related
$2,136,000 · Capital Bk
Apr 27, 2017
—
Roberts Investment Properties LLC
Blue Ridge Orthodontics LLC
Warranty Deed
$1,708,000 · Capital Bank Corporation
Oct 1, 2015
$1,400,000
Blue Ridge Orthodontics LLC
Pulliam Heritage LLC
Special Warranty Deed
$1,260,000 · Capital Bank NA
Sep 25, 2013
$625,000
Pulliam Heritage LLC
Mcdonalds Real Estate Co
Grant Deed
—
—
—
Carolina Business Capital INC
—
Deed Of Trust
related
$2,136,000 · Capital Bk
—
—
Jmw Holdings LLC
—
Deed Of Trust
related
$240,000 · Mountain First 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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