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Property profile & analytics
OFF-MARKET
Estimated value
$12,410,000
Commercial real estate
435 Smokey Park Hwy Asheville, NC 28806-1028
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-2078033
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,791 SF
Zoning code
DEED DATE: 12/10/2003 DEE
APN
9617-77-1579-L0001
UPID
US53-2078033
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
-
435 Grill Bar & Pub Restaurant
-
Dining Innovations Catering Take-out & Catering Catering Service
-
Holiday Inn Asheville - Biltmore West, an IHG Hotel Hotel & Motel
-
Pack Tavern Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.41M
Blend (final)
Blend
$12.41M
Owner & transaction history
Thomas A Boyd · 10 yrs held
Thomas A Boyd
since 2015
7 recorded transactions
Zoning & alternative use
DEED DATE: 12/10/2003 DEE · Asheville, NC
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
RETAIL STORES
$19,890,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$19,055,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$16,995,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$12.41M
Range $11.17M – $13.65M · ±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
$126 / 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
$74,249
Tax year 2024
Assessed value
$8,010,500
Assessed 2024
Previous assessed
$8,010,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Improvement market value
$8,010,500
Total market value
$8,010,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
6
Total area
98,791 SF
Zoning code
DEED DATE: 12/10/2003 DEE
APN
9617-77-1579-L0001
UPID
US53-2078033
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/10/2003 DEE · Asheville, NCZoning DEED DATE: 12/10/2003 DEE · permitted uses
DEED DATE: 12/10/2003 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 7 DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$19.9M
OFFICE BUILDING
Est. value
$19.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.0M
RETAIL STORES
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Current owner
From public records · entity-resolved
Thomas A Boyd
Individual
Mailing address
435 SMOKEY PARK HWY, ASHEVILLE, NC 28806-1028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Ambica LLC
—
Deed
related
$6,250,000 · Carolina Alliance Bank
Dec 30, 2015
—
Thomas A Boyd
Boyd Albert L
Quit Claim Deed
related
—
Jun 17, 2010
—
Ambica LLC
—
Loan Modification
related
$6,900,000 · Branch Bk&tr
—
—
Ambica LLC
—
Deed Of Trust
related
$2,570 · Private Individual
—
—
Ambica LLC
—
Deed Of Trust
related
$6,950,000 · Branch Bk&tr
—
—
Ambica LLC
—
Deed Of Trust
related
$780,000 · Branch Bk&tr
—
—
Ambica LLC
—
Deed Of Trust
related
$780,000 · Wachovia Bk/sc
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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