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Property profile & analytics
OFF-MARKET
Estimated value
$7,045,000
Automotive properties
255 Smokey Park Hwy, Asheville, NC 28806-1140
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1423566
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Construction
STEEL FRAME
Total area
43,435 SF
Lot
6.2 ac (270,072 SF)
Zoning code
DEED DATE:02/09/2023 DEED
APN
9627-09-1749-00000
UPID
US53-1423566
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
-
Patricia Patsalos: Allstate Insurance Insurance Agency
-
Fields Chrysler Jeep Dodge RAM Asheville Car Dealership Auto Repair Shop
-
n+ Mercedes-EQ Formula E Team eBikes (Bike/Boat/Book/etc) Store
-
Sarah Brice: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.04M
Blend (final)
Blend
$7.05M
Owner & transaction history
Fields Skyland LLC · 7 yrs held
Fields Skyland LLC
since 2018
2 recorded transactions
Zoning & alternative use
DEED DATE:02/09/2023 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
AUTO REPAIR, GARAGE
$11,130,000
Current use
MEDICAL BUILDING
$9,805,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,290,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$7.05M
Range $6.34M – $7.75M · ±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
$162 / 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
$35,871
Tax year 2024
Assessed value
$3,870,000
Assessed 2024
Previous assessed
$3,870,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$3,262,600
Improvement market value
$607,400
Total market value
$3,870,000
Applied tax rate
5.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
43,435 SF
Lot
6.2 ac (270,072 SF)
Zoning code
DEED DATE:02/09/2023 DEED
APN
9627-09-1749-00000
UPID
US53-1423566
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:02/09/2023 DEED · Asheville, NC
Zoning DEED DATE:02/09/2023 DEED · permitted uses
DEED DATE:02/09/2023 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
AUTO REPAIR, GARAGE Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.3M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1970
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
6.2 ac
Current owner
From public records · entity-resolved
Fields Skyland LLC
Entity
Mailing address
255 SMOKEY PARK HWY, ASHEVILLE, NC 28806-1140
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 5, 2018
$9,240,000
Fields Skyland LLC
Allen White Company LLC
Special Warranty Deed
$7,854,000 · Southland Associates INC
—
—
Skypark Associates LP
—
Deed Of Trust
related
$4,995,221 · Mercedes-benz Fin'l Svcs USA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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