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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Bed & breakfasts
249 Cumberland Ave, Asheville, NC 28801-1735
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0103871
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1905
Construction
WOOD FRAME
Total area
5,851 SF
Lot
0.33 ac (14,375 SF)
Zoning code
DEED DATE:02/02/2016 DEED
APN
9649-04-8280-00000
UPID
US53-0103871
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
-
Pinecrest Bed & Breakfast Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.17M
Owner & transaction history
First Lnnventlon INC · 10 yrs held
First Lnnventlon INC
since 2016
6 recorded transactions
Zoning & alternative use
DEED DATE:02/02/2016 DEED · 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
HOTEL/MOTEL
$1,580,000
Current use
COMMERCIAL (GENERAL)
$1,505,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,500,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$1,320,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$200 / 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
$10,425
Tax year 2024
Assessed value
$1,009,100
Assessed 2024
Previous assessed
$1,009,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$84,700
Improvement market value
$924,400
Total market value
$1,009,100
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1905
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Bathrooms
5
Total area
5,851 SF
Lot
0.33 ac (14,375 SF)
Zoning code
DEED DATE:02/02/2016 DEED
APN
9649-04-8280-00000
UPID
US53-0103871
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:02/02/2016 DEED · Asheville, NC
Zoning DEED DATE:02/02/2016 DEED · permitted uses
DEED DATE:02/02/2016 DEED · 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
HOTEL/MOTEL Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1905
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
First Lnnventlon INC
Entity
Mailing address
249 CUMBERLAND AVE, ASHEVILLE, NC 28801-1735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2016
$925,000
First Lnnventlon INC
Pinecrest Bed And Breakfast LLC
Warranty Deed
$940,000 · Trupoint Bank
Sep 12, 2003
$800,000
Pinecrest Bed & Breakfast LLC
Newell,richard A
Grant Deed
—
Sep 11, 2003
$800,000
Bed Pinecrest
Newell,richard A
Grant Deed
—
—
—
Pinecrest Bed Breakfast LLC
—
Deed Of Trust
related
$30,000 · Hometrust Bank
—
—
Pinecrest Bed & Breakfast LLC
—
Deed Of Trust
related
$40,000 · Hometrust Bank
—
—
Bed Pinecrest
—
Deed Of Trust
related
$652,109 · Hometrust Bank
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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