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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Mobile home & RV parks
205 Cherry Tree Dr Asheville, NC 28806-0199
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1646627
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
2.11 ac (91,912 SF)
Zoning code
DEED DATE: 08/05/2009 DEE
APN
9618-35-8016-00000
UPID
US53-1646627
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Daniel R Lowe · 4 yrs held
Daniel R Lowe
since 2021
Last sale
$599,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 08/05/2009 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $599k (Aug 20 2021)
Last sale anchor
$599k
Aug 20 2021
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
—
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
$2,338
Tax year 2024
Assessed value
$287,800
Assessed 2024
Previous assessed
$287,800
+0.0% YoY
Effective rate
0.81%
On assessed value
Land market value
$80,700
Improvement market value
$207,100
Total market value
$287,800
Applied tax rate
15.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Heating
NONE
Lot
2.11 ac (91,912 SF)
Zoning code
DEED DATE: 08/05/2009 DEE
APN
9618-35-8016-00000
UPID
US53-1646627
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 08/05/2009 DEE · Asheville, NC
Zoning DEED DATE: 08/05/2009 DEE · permitted uses
DEED DATE: 08/05/2009 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.
Building & site characteristics
From public records
Heating
NONE
Lot
2.11 ac
Current owner
From public records · entity-resolved
Daniel R Lowe
Individual
Free & Clear · 4 yrs held
Mailing address
1310 EL CAMINO CT, ENCINITAS, CA 92024-4986
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$599,000
Daniel R Lowe
Pisgah Knoll LLC
Special Warranty Deed
—
Aug 5, 2009
$345,000
Pisgah Knoll LLC
West Carolina Homes INC
Grant Deed
—
—
—
West Carolina Homes INC
—
Deed Of Trust
related
$175,000 · Carolina First Bk
—
—
Pisgah Knoll LLC
—
Deed Of Trust
related
$185,000 · Western North Carolina Svcs Corp
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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