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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
370 Louisiana Ave Asheville, NC 28806-3600
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2220773
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
3,400 SF
Lot
3.35 ac (145,926 SF)
Zoning code
DEED DATE: 2021-12-03 DEE
APN
9638-19-6026-00000
UPID
US53-2220773
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
-
Wesley Behavioral Health Services Crisis Center Medical Clinic
-
CAM TAX SERVICES INC Tax Preparation
-
Genene Curry Accounting LLC Accounting Firm Tax Preparation
-
Melton & Wakem, PC Accounting Firm
-
Plekan Law, PLLC Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$900k
Owner & transaction history
Moss Real Estate Holdings LLC · 4 yrs held
Moss Real Estate Holdings LLC
since 2021
5 recorded transactions
Zoning & alternative use
DEED DATE: 2021-12-03 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+32.9%
Medical building
$765,000
+17.0%
Commercial (general)
$725,000
+10.9%
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
$655,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$725,000
Change: +11% · Conversion: Easy
RETAIL STORES
$685,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$265 / 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
$26,428
Tax year 2024
Assessed value
$2,851,200
Assessed 2024
Previous assessed
$2,851,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$700,400
Improvement market value
$2,150,800
Total market value
$2,851,200
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
8
Stories
1
Bathrooms
2
Total area
3,400 SF
Lot
3.35 ac (145,926 SF)
Zoning code
DEED DATE: 2021-12-03 DEE
APN
9638-19-6026-00000
UPID
US53-2220773
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2021-12-03 DEE · Asheville, NC
Zoning DEED DATE: 2021-12-03 DEE · permitted uses
DEED DATE: 2021-12-03 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
$655,000
AUTO REPAIR, GARAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$585,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
2
Lot
3.35 ac
Current owner
From public records · entity-resolved
Moss Real Estate Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
31 CANARY CT, ASHEVILLE, NC 28806-8851
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
—
Moss Real Estate Holdings LLC
Jeffery S Hawkins
Deed
—
Dec 2, 2009
—
Moss,allen H Tr
Moss,allen H
Quit Claim Deed
related
—
—
—
Allen H Moss
—
Deed Of Trust
related
$2,000,000 · Asheville Savings Bank
—
—
Moss Allen H Trust
—
Deed Of Trust
related
$1,000,000 · Asheville Savings Bank
—
—
Moss,enterprises INC
—
Deed Of Trust
related
$2,000,000 · Asheville Savings 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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