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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Hotels
2228 Asheville Hwy, Pisgah Forest, NC 28768
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3199471
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Total area
37,579 SF
Lot
1.97 ac (85,813 SF)
APN
8597-33-8905-000
UPID
US53-3199471
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
$4.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
Brevard Hospitality LLC · 2 yrs held
Brevard Hospitality LLC
since 2023
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
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 Pisgah Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pisgah Forest 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%
$4,685,000
6.5%
$4,325,000
7%
$4,015,000
Alternative Use
Use
Estimation
RESTAURANT
$6,065,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,585,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$3,485,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.26M (Jul 20 2023)
Last sale anchor
$4.26M
Jul 20 2023
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
$114 / 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
$25,142
Tax year 2024
Assessed value
$4,167,430
Assessed 2024
Previous assessed
$4,167,430
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$600,000
Assessed improvement
$3,567,430
Land market value
$600,000
Improvement market value
$3,567,430
Total market value
$4,167,430
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
37,579 SF
Lot
1.97 ac (85,813 SF)
APN
8597-33-8905-000
UPID
US53-3199471
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL 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
1999
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Brevard Hospitality LLC
Entity
Mailing address
109 DESTINATION BLVD, ANDERSON, SC 29621-2343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
$4,263,000
Brevard Hospitality LLC
Transylvania Hotel Group LLC
Special Warranty Deed
$3,900,000 · Uwharrie Bank
May 22, 2018
$41,000
Transylvania Hotel Group LLC
Brevard Hotel Properties LLC
Warranty Deed
$4,320,000 · Uwharrie Bank
Apr 14, 2008
$4,425,000
Brevard Hotel Properties LLC
Kss Holdings LLC
Warranty Deed
—
Apr 10, 2008
—
Kss Holdings LLC
Khadijahs INC
Warranty Deed
related
—
—
—
Brevard Hotel Properties LLC
—
Deed Of Trust
related
—
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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