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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
247 Charlotte St Asheville, NC 28801-1466
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-1559509
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
WOOD FRAME
Total area
8,102 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DEED DATE: 03/24/1971 DEE
APN
9649-65-3037-00000
UPID
US53-1559509
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
-
Longevity Acupuncture & Apothecary Alternative Medicine Practice Acupuncture
-
White Pine Acupuncture Medical Clinic Alternative Medicine Practice
-
Bold Moves Behavioral Health, PLLC Crisis Center Medical Clinic
-
Renee Anderson Physician Medical Clinic
-
Jessica Otolinsky Counselor Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$870k
Owner & transaction history
Ashley Beauregard · 1 yrs held
Ashley Beauregard
since 2024
7 recorded transactions
Zoning & alternative use
DEED DATE: 03/24/1971 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
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
NEIGHBORHOOD: SHOPPING CENTER
$1,395,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$107 / 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
$7,801
Tax year 2024
Assessed value
$755,100
Assessed 2024
Previous assessed
$755,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$754,700
Improvement market value
$400
Total market value
$755,100
Applied tax rate
2.0000
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
1924
Construction
WOOD FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
8,102 SF
Lot
1.1 ac (47,916 SF)
Zoning code
DEED DATE: 03/24/1971 DEE
APN
9649-65-3037-00000
UPID
US53-1559509
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 03/24/1971 DEE · Asheville, NC
Zoning DEED DATE: 03/24/1971 DEE · permitted uses
DEED DATE: 03/24/1971 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
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
1924
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ashley Beauregard
Individual
Free & Clear · 1 yrs held
Mailing address
247 CHARLOTTE ST #1, ASHEVILLE, NC 28801-1466
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
$30,200
Ashley Beauregard
Raymond David Ballew
Deed
related
—
Jun 9, 2023
—
R L Bailey
—
Deed
related
$1,500,000 · Railton Cabbell
Feb 26, 2020
—
R L Bailey
—
Deed
related
$305,571 · Railton Cabbell
Sep 20, 2019
—
R L Bailey
Peter J Fontaine Foun INC
Quit Claim Deed
related
—
Oct 15, 2015
—
R L Bailey
—
Trustees Deed
related
$125,000 · Railton & Catherine Cabbell
—
—
R L Bailey
—
Loan Modification
related
$1,656,894 · Railton Cabbell
—
—
R L Bailey
—
Loan Modification
related
$305,571 · Railton Cabbell
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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