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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
235 Weaverville Rd Asheville, NC 28804-1298
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1152481
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD FRAME
Total area
2,856 SF
Lot
0.38 ac (16,553 SF)
Zoning code
DEED DATE: 2022-04-14 DEE
APN
9731-62-7222-00000
UPID
US53-1152481
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
-
Pelican's SnoBalls of Woodfin Bakery Take-out & Catering
-
Whimsical Wonderings Training Center Tutoring Service
-
Sweet Joy's Kitchen Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$670k
Owner & transaction history
Alexander Mountain Holdings LLC · 4 yrs held
Alexander Mountain Holdings LLC
since 2022
Last sale
$735,000
2 recorded transactions
Zoning & alternative use
DEED DATE: 2022-04-14 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+32.9%
Commercial (general)
$690,000
+25.0%
Medical building
$645,000
+17.0%
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
$630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
AUTO REPAIR, GARAGE
$730,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$645,000
Change: +17% · Conversion: Easy
RETAIL STORES
$575,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $735k (Apr 14 2022)
Last sale anchor
$735k
Apr 14 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
$235 / 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
$4,158
Tax year 2024
Assessed value
$412,900
Assessed 2024
Previous assessed
$412,900
+0.0% YoY
Effective rate
1.01%
On assessed value
Land market value
$46,300
Improvement market value
$366,600
Total market value
$412,900
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
2,856 SF
Lot
0.38 ac (16,553 SF)
Zoning code
DEED DATE: 2022-04-14 DEE
APN
9731-62-7222-00000
UPID
US53-1152481
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-04-14 DEE · Asheville, NC
Zoning DEED DATE: 2022-04-14 DEE · permitted uses
DEED DATE: 2022-04-14 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
$550,000
AUTO REPAIR, GARAGE
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$690,000
MEDICAL BUILDING
Est. value
$645,000
RETAIL STORES
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1997
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Alexander Mountain Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 2616, WEAVERVILLE, NC 28787-2616
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$735,000
Alexander Mountain Holdings LLC
Montessori Elementary School Of Ash
Special Warranty Deed
—
Aug 1, 2012
$349,000
Montessori Elementary Sch Of Ashe
Asheville Property Rentals Ltd
Warranty Deed
$331,857 · Asheville Property Rentals Ltd
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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