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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Warehouses
50 Interstate Blvd Asheville, NC 28806-2261
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1987573
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
10,800 SF
Lot
7.3 ac (317,988 SF)
Zoning code
DEED DATE: 12/18/1992 DEE
APN
9627-75-9391-00000
UPID
US53-1987573
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
-
NHM Constructors Construction Company
-
Taylor & Murphy Shop Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.80M
Owner & transaction history
Land Holdings & Development LLC · 4 yrs held
Land Holdings & Development LLC
since 2021
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
DEED DATE: 12/18/1992 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+103.8%
Medical building
$2.4M
+79.5%
Commercial (general)
$2.3M
+70.1%
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
$1,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,360,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +104% · Conversion: Easy
MEDICAL BUILDING
$2,440,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,310,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$2,175,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$2,085,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,860,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.80M (Jul 26 2021)
Last sale anchor
$1.80M
Jul 26 2021
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
$166 / 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
$14,706
Tax year 2024
Assessed value
$1,586,600
Assessed 2024
Previous assessed
$1,586,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,224,300
Improvement market value
$362,300
Total market value
$1,586,600
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
10,800 SF
Lot
7.3 ac (317,988 SF)
Zoning code
DEED DATE: 12/18/1992 DEE
APN
9627-75-9391-00000
UPID
US53-1987573
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 12/18/1992 DEE · Asheville, NC
Zoning DEED DATE: 12/18/1992 DEE · permitted uses
DEED DATE: 12/18/1992 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.3 ac
Current owner
From public records · entity-resolved
Land Holdings & Development LLC
Entity
Mailing address
PO BOX 6385, ASHEVILLE, NC 28816-6385
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
$1,800,000
Land Holdings & Development LLC
T&m Realty
Warranty Deed
$1,144,270 · Park National Bank
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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