New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Automotive properties
3 London Rd Asheville, NC 28803-2706
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1696769
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1931
Construction
BRICK
Total area
5,264 SF
Lot
0.34 ac (14,810 SF)
Zoning code
DEED DATE: 2023-06-01 DEE
APN
9647-89-0416-00000
UPID
US53-1696769
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
London Asheville LLC · 3 yrs held
London Asheville LLC
since 2023
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
DEED DATE: 2023-06-01 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
$3,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.25M (Jun 1 2023)
Last sale anchor
$4.25M
Jun 1 2023
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
$764 / 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
$3,697
Tax year 2024
Assessed value
$398,900
Assessed 2024
Previous assessed
$398,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$88,000
Improvement market value
$310,900
Total market value
$398,900
Applied tax rate
7.0000
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
1931
Construction
BRICK
Heating
NONE
Stories
1
Total area
5,264 SF
Lot
0.34 ac (14,810 SF)
Zoning code
DEED DATE: 2023-06-01 DEE
APN
9647-89-0416-00000
UPID
US53-1696769
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-06-01 DEE · Asheville, NC
Zoning DEED DATE: 2023-06-01 DEE · permitted uses
DEED DATE: 2023-06-01 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.
Building & site characteristics
From public records
Year built
1931
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
London Asheville LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1330 SAINT MARYS ST STE #350, RALEIGH, NC 27605-3246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$4,250,000
London Asheville LLC
Barbara B Stalzer
Special Warranty Deed
—
May 11, 2018
—
Classic Acquisiton LLC
—
Deed
related
$483,855 · United FCU
Nov 25, 2015
—
Classic Acquisition LLC
Autocorp Holdings INC
Warranty Deed
related
$874,900 · Private Individual
—
—
Autocorp Holdings INC
—
Deed Of Trust
related
$195,000 · First Citizens Bank & Trust Co
—
—
Autocorp Holdings INC
—
Deed Of Trust
related
$880,000 · Blue Ridge Svgs Bk
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?”
You own 3 London Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
