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Property profile & analytics
FOR LEASE
Day care centers
5 Woodland Dr, Asheville, NC 28806
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1286600
For Lease
1 / 20
$9,628/Mo
5 Woodland Dr, Asheville, NC 28806
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1965
Construction
WOOD FRAME
Total area
10,296 SF
Lot
1.75 ac (76,230 SF)
Zoning code
DEED DATE:04/19/2018 DEED
APN
9628-32-2558-00000
UPID
US53-1286600
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
-
Elite Fitness Products Gym & Fitness Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hill Realty LLC · 8 yrs held
Hill Realty LLC
since 2018
5 recorded transactions
Zoning & alternative use
DEED DATE:04/19/2018 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,263
Tax year 2024
Assessed value
$675,700
Assessed 2024
Previous assessed
$666,300
+1.4% YoY
Effective rate
0.93%
On assessed value
Land market value
$228,700
Improvement market value
$447,000
Total market value
$675,700
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Lease
Year built
1965
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
10,296 SF
Lot
1.75 ac (76,230 SF)
Zoning code
DEED DATE:04/19/2018 DEED
APN
9628-32-2558-00000
UPID
US53-1286600
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/19/2018 DEED · Asheville, NC
Zoning DEED DATE:04/19/2018 DEED · permitted uses
DEED DATE:04/19/2018 DEED · 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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Hill Realty LLC
Entity
Mailing address
PO BOX 264, BRISTOL, TN 37621-0264
Ownership since
2018
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
Apr 19, 2018
$660,000
Hill Realty LLC
Saw Ventures Woodland LLC
Warranty Deed
$611,000 · First Tennessee Bank NA
Feb 2, 2005
$437,000
Saw Ventures Woodland LLC
Jw Property Management LLC
Warranty Deed
$414,680 · Asheville Savings Bank Ssb
May 15, 2003
$465,000
Jw Property Management LLC
Anderson,herb JR
Grant Deed
—
—
—
Saw Ventures-woodland LLC
—
Deed Of Trust
related
$394,697 · Asheville Savings Bank
—
—
Jw Property Management LLC
—
Loan Modification
related
$25,000 · Rbc Centura Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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