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Property profile & analytics
OFF-MARKET
Strip malls
282 New Leicester Hwy Asheville, NC 28806-2019
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2244995
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
STEEL FRAME
Total area
5,287 SF
Lot
1 ac (43,560 SF)
Zoning code
DEED DATE: 11/30/2000 DEE
APN
9629-41-1208-00000
UPID
US53-2244995
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
-
Pocket Change Laundry (Bike/Boat/Book/etc) Store
-
LexiDog Linens (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lmk Real Estate Company LLC · 4 yrs held
Lmk Real Estate Company LLC
since 2022
3 recorded transactions
Zoning & alternative use
DEED DATE: 11/30/2000 DEE · Asheville, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,960
Tax year 2024
Assessed value
$427,200
Assessed 2024
Previous assessed
$427,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$190,300
Improvement market value
$236,900
Total market value
$427,200
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
5,287 SF
Lot
1 ac (43,560 SF)
Zoning code
DEED DATE: 11/30/2000 DEE
APN
9629-41-1208-00000
UPID
US53-2244995
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/30/2000 DEE · Asheville, NCZoning DEED DATE: 11/30/2000 DEE · permitted uses
DEED DATE: 11/30/2000 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 7 DEVELOPMENT
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lmk Real Estate Company LLC
Entity
Mailing address
808 OWL RDG RD, WAYNESVILLE, NC 28786-7733
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
Lmk Real Estate Company LLC
—
Deed
related
$100,000 · Champion Cu
Feb 19, 2020
—
Lmk Real Estate Co LLC
—
Deed
related
$410,000 · Champion Cu
—
—
Lmk Real Estate Co LLC
—
Deed Of Trust
related
$410,000 · Champion Cu
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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