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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Refrigerated & Cold Storage
36 Old Charlotte Hwy Asheville, NC 28803-9404
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5449917
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1960
Construction
BRICK
Total area
12,848 SF
Lot
2.68 ac (116,741 SF)
Zoning code
DEED DATE: 02/24/2010 DEE
APN
9658-90-3073-00000
UPID
US53-5449917
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
-
Silverman Co Factory Metal Fabrication Plant
-
Sun Dried Lumber Big Box & Wholesale Store Building Supply
-
Pinnacle Landscapes General Contractor
-
Goldsplinter Woodworking, LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.50M
Owner & transaction history
Soncla LLC · 16 yrs held
Soncla LLC
since 2010
4 recorded transactions
Zoning & alternative use
DEED DATE: 02/24/2010 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+53.3%
Neighborhood: shopping center
$2.2M
+36.8%
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
WAREHOUSE, STORAGE
$1,615,000
Current use
OFFICE BUILDING
$2,480,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,210,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$116 / 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
$8,653
Tax year 2024
Assessed value
$933,500
Assessed 2024
Previous assessed
$933,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$472,800
Improvement market value
$460,700
Total market value
$933,500
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
12,848 SF
Lot
2.68 ac (116,741 SF)
Zoning code
DEED DATE: 02/24/2010 DEE
APN
9658-90-3073-00000
UPID
US53-5449917
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 02/24/2010 DEE · Asheville, NC
Zoning DEED DATE: 02/24/2010 DEE · permitted uses
DEED DATE: 02/24/2010 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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1960
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Soncla LLC
Entity
Free & Clear · 16 yrs held
Mailing address
83 OUTLOOK CIR, SWANNANOA, NC 28778-9233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Feb 15, 2010
—
Soncla LLC
Creasman,gloria S
Grant Deed
related
—
May 19, 2008
—
Gloria S Creasman
Creasman,gloria S
Quit Claim Deed
related
—
Dec 21, 2007
$550,000
Gloria S Creasman
Nurse,karl J
Grant Deed
—
—
—
Soncla LLC
—
Deed Of Trust
related
$502,386 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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