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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
231 Haywood St Asheville, NC 28801-2618
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2286339
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
BRICK
Total area
5,237 SF
Lot
0.37 ac (16,117 SF)
Zoning code
DEED DATE: 11/18/2008 DEE
APN
9649-10-4448-00000
UPID
US53-2286339
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
-
Anchor QEA of North Carolina, PLLC Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Aai Properties LLC · 1 yrs held
Aai Properties LLC
since 2024
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
DEED DATE: 11/18/2008 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+102.4%
Commercial (general)
$1.3M
+38.7%
Auto repair, garage
$1.3M
+38.4%
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,595,000
7%
$1,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
RESTAURANT
$1,965,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,345,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,340,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: +22% · Conversion: Easy
RETAIL STORES
$985,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Aug 22 2024)
Last sale anchor
$1.55M
Aug 22 2024
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
$296 / 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
$7,081
Tax year 2024
Assessed value
$631,800
Assessed 2024
Previous assessed
$631,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$386,800
Improvement market value
$245,000
Total market value
$631,800
Applied tax rate
3.0000
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
1964
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
5,237 SF
Lot
0.37 ac (16,117 SF)
Zoning code
DEED DATE: 11/18/2008 DEE
APN
9649-10-4448-00000
UPID
US53-2286339
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/18/2008 DEE · Asheville, NC
Zoning DEED DATE: 11/18/2008 DEE · permitted uses
DEED DATE: 11/18/2008 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
$970,000
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$985,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1964
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Aai Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
372 DEPOT ST STE #30, ASHEVILLE, NC 28801-4370
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 22, 2024
$1,550,000
Aai Properties LLC
I Swan LLC
Special Warranty Deed
—
Apr 28, 2021
$995,000
1 Swan LLC
Doggone LLC
Special Warranty Deed
$600,000 · First National Bank Of Pennsylvania
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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