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Property profile & analytics
OFF-MARKET
Estimated value
$17,810,000
Office buildings
301 College St Asheville, NC 28801-2449
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3943738
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
107,640 SF
Lot
1.63 ac (71,003 SF)
Zoning code
DEED DATE: 09/02/2014 DEE
APN
9649-50-8973-00000
UPID
US53-3943738
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
-
Harper General Contractors - Asheville Construction Company General Contractor
-
Long Parker Warren Anderson & Payne P.A. Law Firm
-
Roberts & Stevens, PA Law Firm
-
Roberts & Stevens, P.A.: Wyatt S. Stevens Law Firm
-
Hilderbran Gregory S Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.81M
Blend (final)
Blend
$17.81M
Owner & transaction history
Truist Insurance Holdings LLC · 2 yrs held
Truist Insurance Holdings LLC
since 2024
4 recorded transactions
Zoning & alternative use
DEED DATE: 09/02/2014 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.7M
+38.7%
Auto repair, garage
$27.6M
+38.4%
Medical building
$24.3M
+21.9%
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
OFFICE BUILDING
$19,940,000
Current use
COMMERCIAL (GENERAL)
$27,655,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$27,590,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$24,295,000
Change: +22% · Conversion: Easy
RETAIL STORES
$20,220,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$18,520,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$17.81M
Range $16.03M – $19.59M · ±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
$165 / 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
$173,737
Tax year 2024
Assessed value
$15,501,200
Assessed 2024
Previous assessed
$15,501,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$6,035,300
Improvement market value
$9,465,900
Total market value
$15,501,200
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
2015
Heating
NONE
Buildings
2
Stories
3
Total area
107,640 SF
Lot
1.63 ac (71,003 SF)
Zoning code
DEED DATE: 09/02/2014 DEE
APN
9649-50-8973-00000
UPID
US53-3943738
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 09/02/2014 DEE · Asheville, NC
Zoning DEED DATE: 09/02/2014 DEE · permitted uses
DEED DATE: 09/02/2014 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
OFFICE BUILDING Current
Est. value
$19.9M
COMMERCIAL (GENERAL)
Est. value
$27.7M
AUTO REPAIR, GARAGE
Est. value
$27.6M
MEDICAL BUILDING
Est. value
$24.3M
RETAIL STORES
Est. value
$20.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2015
Heating
NONE
Stories
3
Buildings
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Truist Insurance Holdings LLC
Entity
Free & Clear · 2 yrs held
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
Truist Insurance Holdings LLC
Pulliam Spake LLC
Lease
—
May 6, 2021
—
Pulliam Spake LLC
—
Deed
related
$6,574,181 · First Bank
Jun 8, 2017
—
Pulliam Spake LLC
—
Trustees Deed
related
$1,000,000 · Bank Of Nc
Sep 2, 2014
—
Pulliam Spake LLC
Pulliam,winston W JR
Quit Claim Deed
related
—
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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