Individually Owned Property summary
AI-generated overview
This commercial space for lease is configured as light, open-plan interior area with two bathrooms and a glass roll-up door. The layout is adaptable for uses such as meetings, classes, flexible office space, or workshop-oriented operations. The building is located between Asheville’s South Slope area and downtown, with proximity to public transportation and nearby destinations including the Asheville Yards concert venue, Asheville Brewing Company, First Presbyterian Church, and surrounding restaurants, bars, apartments, and hotels. Parking is available on site, with the exact number of tenant-use spaces to be determined. The property is zoned CBD and supports a range of professional, medical, and retail uses.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1952
Construction
BRICK
Total area
4,255 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE:01/14/2022 DEED
APN
9648-39-6557-00000
UPID
US53-1818462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Plumbing Service
-
(Bike/Boat/Book/etc) Store
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
since 2026
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
DEED DATE:01/14/2022 DEED · Asheville, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$985k
Value range
$887k – $1.08M
±10% around blend
Estimated value / SF
$231 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$887k
blend $985k
$1.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,255 SF
Lot area
0.64 ac
Year built
1952
Stories
1
APN
9648-39-6557-00000
Zoning
DEED DATE:01/14/2022 DEED
Assessed value
$1,254,600
Annual tax
$14,062
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$911k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 4,192 SF
1.7 mi away · 5,439 SF
2.4 mi away · 4,400 SF
2.5 mi away · 3,280 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$985k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 78 sales
$257
-10%
Submarket 228 sales
$241
-4%
County 304 sales
$223
+4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $231/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.85M
Move the market yield to see immediate price impact.
Value / SF
$670
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$180k
$3.59M
$2.56M
$2.00M
$200k
$3.99M
$2.85M
$2.22M
$219k
$4.39M
$3.13M
$2.44M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.05M
0.2 mi · Nov 2025 · $234/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,062
Tax year 2024
Assessed value
$1,254,600
Assessed 2024
Previous assessed
$1,254,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$1,254,500
Improvement market value
$100
Total market value
$1,254,600
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1952
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
4,255 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE:01/14/2022 DEED
APN
9648-39-6557-00000
UPID
US53-1818462
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/14/2022 DEED · Asheville, NCZoning DEED DATE:01/14/2022 DEED · permitted uses
DEED DATE:01/14/2022 DEED · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1952
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DEED DATE:01/14/2022 DEED
Jurisdiction
Asheville, NC
Recorded code
DEED DATE:01/14/2022 DEED
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DEED DATE:01/14/2022 DEED in Asheville, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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