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Property profile & analytics
OFF-MARKET
Estimated value
$9,865,000
Commercial real estate
200 Ridgefield Ct Asheville, NC 28806-2337
Entity Owned
~
Est. High Equity
Property ID
US53-1830721
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,084 SF
Lot
6.61 ac (287,932 SF)
Zoning code
DEED DATE: 01/25/2001 DEE
APN
9626-95-2684-00000
UPID
US53-1830721
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
-
WRESA High School Vocational School
-
FedEx Drop Box Postal Service Courier Service
-
Ridgefield Investments LLC Financial Advisor
-
Vaya Health Crisis Center Medical Clinic
-
Ed Holmes and Associates Land Surveyors Land Surveyor Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.86M
Blend (final)
Blend
$9.87M
Owner & transaction history
Ridgefield Investments LLC
Ridgefield Investments LLC
since 2026
2 recorded transactions
Zoning & alternative use
DEED DATE: 01/25/2001 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 7 DEVELOPMENT
Top alternative use upside
Auto repair, garage
$15.4M
+19.8%
Medical building
$13.6M
+5.5%
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
COMMERCIAL (GENERAL)
$12,850,000
Current use
AUTO REPAIR, GARAGE
$15,400,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$13,560,000
Change: +6% · Conversion: Easy
RETAIL STORES
$12,095,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$11,590,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,335,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.87M
Range $8.88M – $10.85M · ±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
$164 / 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
$59,011
Tax year 2024
Assessed value
$6,366,500
Assessed 2024
Previous assessed
$6,366,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,670,000
Improvement market value
$4,696,500
Total market value
$6,366,500
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
60,084 SF
Lot
6.61 ac (287,932 SF)
Zoning code
DEED DATE: 01/25/2001 DEE
APN
9626-95-2684-00000
UPID
US53-1830721
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 01/25/2001 DEE · Asheville, NCZoning DEED DATE: 01/25/2001 DEE · permitted uses
DEED DATE: 01/25/2001 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 7 DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$15.4M
MEDICAL BUILDING
Est. value
$13.6M
RETAIL STORES
Est. value
$12.1M
OFFICE BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
COMMERCIAL (GENERAL) Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.61 ac
Current owner
From public records · entity-resolved
Ridgefield Investments LLC
Entity
Mailing address
PO BOX 6580, RALEIGH, NC 27628-6580
Ownership since
2026
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
Feb 10, 2026
—
Ridgefield Investments LLC
—
Deed
related
$12,500,000 · Goldman Sachs Bank USA
Nov 29, 2010
—
Ridgefield Investments LLC
—
Deed Of Trust
related
$10,200,000 · Minnesota Life Insurance Co
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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