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Property profile & analytics
OFF-MARKET
Estimated value
$40,475,000
Hotels
43 Town Sq Blvd, Asheville, NC 28803-5060
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3910035
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
BRICK
Total area
140,483 SF
Lot
1.09 ac (47,480 SF)
Zoning code
DEED DATE: 10/03/2014 DEE
APN
9645-10-3116-00000
UPID
US53-3910035
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
-
Hilton Asheville Biltmore Park Hotel & Motel
-
43 Town Square Blvd Parking Parking Lot & Garage
-
Talloni, a Shoe Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
REEDS Jewelers (Bike/Boat/Book/etc) Store
-
Fork Lore Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.48M
Blend (final)
Blend
$40.48M
Owner & transaction history
BILTMORE PARK HOTEL
BILTMORE PARK HOTEL
Zoning & alternative use
DEED DATE: 10/03/2014 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$52.7M
+38.9%
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
HOTEL/MOTEL
$37,900,000
Current use
RESTAURANT
$52,655,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$36,815,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,005,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$31,705,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$40.48M
Range $36.43M – $44.52M · ±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
$288 / 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
$323,488
Tax year 2024
Assessed value
$34,900,000
Assessed 2024
Previous assessed
$34,900,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$939,600
Improvement market value
$33,960,400
Total market value
$34,900,000
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
2008
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
5
Total area
140,483 SF
Lot
1.09 ac (47,480 SF)
Zoning code
DEED DATE: 10/03/2014 DEE
APN
9645-10-3116-00000
UPID
US53-3910035
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 10/03/2014 DEE · Asheville, NC
Zoning DEED DATE: 10/03/2014 DEE · permitted uses
DEED DATE: 10/03/2014 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
HOTEL/MOTEL Current
Est. value
$37.9M
RESTAURANT
Est. value
$52.7M
COMMERCIAL (GENERAL)
Est. value
$36.8M
AUTO REPAIR, GARAGE
Est. value
$36.0M
MEDICAL BUILDING
Est. value
$31.7M
HOTEL/MOTEL Current
RESTAURANT
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
2008
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.09 ac
Current owner
From public records · entity-resolved
BILTMORE PARK HOTEL
Individual
Free & Clear · 0 yrs held
Mailing address
1 TOWN SQ BLVD STE #330, ASHEVILLE, NC 28803-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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