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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
4 Vermont Ave Asheville, NC 28806-3069
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-0279671
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,911 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DEED DATE: 07/28/2004 DEE
APN
9638-14-4683-00000
UPID
US53-0279671
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
-
Hummingbird Insurance ♡ Asheville NC Insurance Agency
-
Sky Overland 🚙 Car Rental Facility
-
Edward Jones - Financial Advisor: David E Matz, AAMS® Financial Advisor
-
Sydney Battersby - Real Estate Real Estate Agency
-
Heartwood Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$515k
Owner & transaction history
Quanta LLC
Quanta LLC
since 2025
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 07/28/2004 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+32.9%
Medical building
$655,000
+17.0%
Commercial (general)
$625,000
+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
$560,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$625,000
Change: +11% · Conversion: Easy
RETAIL STORES
$585,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $625k (May 22 2025)
Last sale anchor
$625k
May 22 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
$177 / 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
$3,302
Tax year 2024
Assessed value
$319,600
Assessed 2024
Previous assessed
$319,600
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$82,800
Improvement market value
$236,800
Total market value
$319,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
2,911 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DEED DATE: 07/28/2004 DEE
APN
9638-14-4683-00000
UPID
US53-0279671
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/28/2004 DEE · Asheville, NC
Zoning DEED DATE: 07/28/2004 DEE · permitted uses
DEED DATE: 07/28/2004 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
$560,000
AUTO REPAIR, GARAGE
Est. value
$745,000
MEDICAL BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$625,000
RETAIL STORES
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Quanta LLC
Entity
Mailing address
185 MT CARMEL RD, ASHEVILLE, NC 28806-9718
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
$625,000
Quanta LLC
Connie Hicks Young
Special Warranty Deed
—
Jul 28, 2004
—
Young,sherman W JR & Connie H
Young,lincoln & Kimberly
Quit Claim Deed
related
—
May 18, 2004
—
Sherman W Young JR.
Young,lincoln
Quit Claim Deed
related
—
May 10, 2002
$150,000
Sherman W Young JR.
Blankership,will
Grant Deed
—
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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