New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Automotive properties
340 Sardis Rd Asheville, NC 28806-8505
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0149442
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
DEED DATE: 06/08/2007 DEE
APN
9617-81-8654-00000
UPID
US53-0149442
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
-
Sharper Image Auto Cleaning Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.04M
Owner & transaction history
L & T Investments Properties LLC · 1 yrs held
L & T Investments Properties LLC
since 2025
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
DEED DATE: 06/08/2007 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
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
AUTO REPAIR, GARAGE
$1,280,000
Current use
MEDICAL BUILDING
$1,130,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,070,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.10M (Mar 12 2025)
Last sale anchor
$1.10M
Mar 12 2025
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
$208 / 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
$4,999
Tax year 2024
Assessed value
$539,300
Assessed 2024
Previous assessed
$539,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$338,500
Improvement market value
$200,800
Total market value
$539,300
Applied tax rate
5.0000
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
5,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
DEED DATE: 06/08/2007 DEE
APN
9617-81-8654-00000
UPID
US53-0149442
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 06/08/2007 DEE · Asheville, NC
Zoning DEED DATE: 06/08/2007 DEE · permitted uses
DEED DATE: 06/08/2007 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
AUTO REPAIR, GARAGE Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
L & T Investments Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4955 LASSITER ML RD, ASHEBORO, NC 27205-8014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 12, 2025
$1,100,000
L & T Investments Properties LLC
Evans Rental Properties LLC
Warranty Deed
—
Jun 8, 2007
$360,000
Evans Rental Properties LLC
Smith,paul H
Grant Deed
—
Aug 26, 2004
$154,000
Smith,paul H
Central Carolina Bank
Grant Deed
—
Mar 2, 2004
$700,000
Central Carolina Bank
Warren,robert G & Viki B
Warranty Deed
—
—
—
Evans Rental Properties LLC
—
Deed Of Trust
related
$452,625 · Hometrust 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 340 Sardis 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.
