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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office buildings
1985 Hendersonville Rd Asheville, NC 28803-6600
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0106220
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
BRICK
Total area
12,576 SF
Lot
0.98 ac (42,689 SF)
Zoning code
DEED DATE: 2022-10-27 DEE
APN
9655-01-9119-00000
UPID
US53-0106220
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
-
MY SALON Suite Hair Salon Nail Salon
-
Missy The Hair Slayer Studio Hair Salon Nail Salon
-
The Fade Factory By Rosalie Barber Shop
-
Entegra Bank Loan Production Office Bank Credit Union
-
Asheville Hair Design Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.26M
Owner & transaction history
Benchmark Leasing LLC · 3 yrs held
Benchmark Leasing LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-10-27 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+94.4%
Commercial (general)
$3.3M
+35.9%
Auto repair, garage
$3.2M
+32.9%
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
$2,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,150,000
6.5%
$3,830,000
7%
$3,555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,425,000
Current use
RESTAURANT
$4,715,000
Change: +94% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,295,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,225,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$2,840,000
Change: +17% · Conversion: Easy
RETAIL STORES
$2,530,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,165,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $2.93M (Oct 27 2022)
Last sale anchor
$2.93M
Oct 27 2022
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
$259 / 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
$24,316
Tax year 2024
Assessed value
$2,623,400
Assessed 2024
Previous assessed
$2,623,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$857,500
Improvement market value
$1,765,900
Total market value
$2,623,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Total area
12,576 SF
Lot
0.98 ac (42,689 SF)
Zoning code
DEED DATE: 2022-10-27 DEE
APN
9655-01-9119-00000
UPID
US53-0106220
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-10-27 DEE · Asheville, NC
Zoning DEED DATE: 2022-10-27 DEE · permitted uses
DEED DATE: 2022-10-27 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
OFFICE BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Benchmark Leasing LLC
Entity
Mailing address
125 CREEKSIDE VLY LN, ARDEN, NC 28704-1174
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$2,925,000
Benchmark Leasing LLC
First Citizens Bank & Trust Company
Special Warranty Deed
$1,609,500 · First Bank
Aug 20, 2018
$2,350,000
Entegra Bk
Asheville South Properties LLC
Grant Deed
—
Nov 30, 2009
$1,350,000
Asheville South Properties LLC
Fifth Third Bank
Grant Deed
—
May 26, 2009
$1,024,000
Fifth Third Bank
Kasey Properties LLC
Grant Deed
related
—
Nov 15, 2004
—
Kasey Properties LLC
—
Trustees Deed
related
$253,536 · Central Carolina Bk
Aug 22, 2003
$675,000
Kasey Properties LLC
Morance,properti
Grant Deed
—
—
—
Kasey Properties LLC
—
Deed Of Trust
related
$21,000,000 · First Charter Bank
—
—
Kasey Properties LLC
—
Deed Of Trust
related
$250,000 · Carolina First Bank
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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