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Property profile & analytics
OFF-MARKET
Estimated value
$40,090,000
Hotels
31 Woodfin St, Asheville, NC 28801-3020
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-0837155
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Construction
METAL FRAME
Total area
206,945 SF
Lot
5.5 ac (239,580 SF)
Zoning code
DEED DATE:07/10/2017 DEED
APN
9649-41-8262-00000
UPID
US53-0837155
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
-
United States Audio Visual Electronics & Wireless Store Big Box & Wholesale Store
-
Bone and Broth Restaurant
-
31 Woodfin Street Asheville, North Carolina 28801 USA Hotel & Motel
-
Writer's Bistro Restaurant
-
31 Woodfin Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.09M
Blend (final)
Blend
$40.09M
Owner & transaction history
Asheville Propco LLC · 8 yrs held
Asheville Propco LLC
since 2017
6 recorded transactions
Zoning & alternative use
DEED DATE:07/10/2017 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
HOTEL/MOTEL
$55,830,000
Current use
COMMERCIAL (GENERAL)
$53,165,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$53,040,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$46,705,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$40.09M
Range $36.08M – $44.10M · ±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
$194 / 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
$387,457
Tax year 2024
Assessed value
$34,569,700
Assessed 2024
Previous assessed
$34,569,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$6,468,700
Improvement market value
$28,101,000
Total market value
$34,569,700
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1974
Construction
METAL FRAME
Heating
NONE
Cooling
YES
Stories
12
Units
275
Total area
206,945 SF
Lot
5.5 ac (239,580 SF)
Zoning code
DEED DATE:07/10/2017 DEED
APN
9649-41-8262-00000
UPID
US53-0837155
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:07/10/2017 DEED · Asheville, NC
Zoning DEED DATE:07/10/2017 DEED · permitted uses
DEED DATE:07/10/2017 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
HOTEL/MOTEL Current
Est. value
$55.8M
COMMERCIAL (GENERAL)
Est. value
$53.2M
AUTO REPAIR, GARAGE
Est. value
$53.0M
MEDICAL BUILDING
Est. value
$46.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1974
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
12
Units
275
Lot
5.5 ac
Current owner
From public records · entity-resolved
Asheville Propco LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2019
—
Asheville Opco LLC
—
Deed
related
$141,030,825 · Delphi Cre Funding LLC
Jul 10, 2017
—
Asheville Propco LLC
Nesbitt Asheville Venture LLC
Warranty Deed
$120,288,363 · Delphi Cre Fndg
Jul 12, 2016
—
Nesbitt Asheville Venture LLC
—
Deed
related
—
Apr 11, 2005
—
Nesbitt Asheville Venture LLC
—
Grant Deed
related
$103,200,000 · Gmac Comm'l Mtg Bk
May 19, 2004
—
Nesbitt Asheville Venture LLC
—
Grant Deed
related
$64,500,000 · Gmac Comm'l Mtg Bk
—
—
Nesbitt Asheville Venture LLC
—
Deed Of Trust
related
$68,200 · Wells Fargo 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.
Try Rey
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