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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Office buildings
303 Airport Rd, Arden, NC 28704-8402
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4032712
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
15,953 SF
Lot
2.13 ac (92,783 SF)
Zoning code
DEED DATE: 12/22/2014 DEE
APN
9643-97-9369-00000
UPID
US53-4032712
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
-
Blue Ridge Health - Buncombe Community Health Centre
-
Mars Hill University - Asheville Center for Adult and Graduate Studies College
-
Asheville-Buncombe Technical Community College: South Site College
-
Blue Ridge Health - Arden Community Health Centre Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.20M
Owner & transaction history
Blue Ridge Community Health Service · 4 yrs held
Blue Ridge Community Health Service
since 2021
Last sale
$2.9M
1 recorded transaction
Zoning & alternative use
DEED DATE: 12/22/2014 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+21.4%
Retail stores
$3.2M
+9.2%
Auto repair, garage
$3.0M
+2.2%
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
$2,220,000
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
$2,965,000
Current use
MEDICAL BUILDING
$3,600,000
Change: +21% · Conversion: Easy
RETAIL STORES
$3,240,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,030,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,900,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,745,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $2.90M (Jul 22 2021)
Last sale anchor
$2.90M
Jul 22 2021
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
$201 / 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
Assessed value
$2,769,700
Assessed 2024
Previous assessed
$2,769,700
+0.0% YoY
Land market value
$1,948,400
Improvement market value
$821,300
Total market value
$2,769,700
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
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
15,953 SF
Lot
2.13 ac (92,783 SF)
Zoning code
DEED DATE: 12/22/2014 DEE
APN
9643-97-9369-00000
UPID
US53-4032712
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/22/2014 DEE · Arden, NC
Zoning DEED DATE: 12/22/2014 DEE · permitted uses
DEED DATE: 12/22/2014 DEE · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Blue Ridge Community Health Service
Individual
Mailing address
2579 CHIMNEY ROCK RD, HENDERSONVLLE, NC 28792-9181
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$2,900,000
Blue Ridge Community Health Service
Mars Hill University
Warranty Deed
$2,465,000 · Truist 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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