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Property profile & analytics
OFF-MARKET
Strip malls
50 Mccormick Pl Asheville, NC 28801-4255
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0296342
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
CONCRETE BLOCKS
Total area
4,520 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DEED DATE: 2022-07-29 DEE
APN
9648-47-7904-00000
UPID
US53-0296342
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
-
Clasique Acupuncture & Pilates Studio Gym & Fitness Center
-
Stay Gold Studio Gym & Fitness Center
-
Move Club Gym & Fitness Center
-
Core Dynamics Physical Therapy Physician
-
South Slope Pilates Gym & Fitness Center
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
Jennie Gary LLC · 4 yrs held
Jennie Gary LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-07-29 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
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
$5,901
Tax year 2024
Assessed value
$571,200
Assessed 2024
Previous assessed
$571,200
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$376,400
Improvement market value
$194,800
Total market value
$571,200
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
4,520 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DEED DATE: 2022-07-29 DEE
APN
9648-47-7904-00000
UPID
US53-0296342
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-07-29 DEE · Asheville, NCZoning DEED DATE: 2022-07-29 DEE · permitted uses
DEED DATE: 2022-07-29 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
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Jennie Gary LLC
Entity
Mailing address
50 MCCORMICK PL, ASHEVILLE, NC 28801-4255
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jul 29, 2022
$1,800,000
Jennie Gary LLC
Sawtooth Holdings LLC
Special Warranty Deed
—
Aug 8, 2018
—
Sawtooth Holdings LLC
—
Deed
related
$50,000 · Mountain Bizworks
Nov 3, 2015
$415,000
Sawtooth Holdings LLC
Swp 8 LLC
Warranty Deed
$656,200 · Wells Fargo Bank NA
May 16, 2013
$336,000
Swps LLC
First Troy Spe LLC
Grant Deed
—
Dec 29, 2011
$322,084
First Troy Spe LLC
Ferguson,juliana
Trustees Deed
related
—
—
—
Wednesday Carsillo
—
Deed Of Trust
related
$527,968 · Bank Of Asheville
—
—
Sawtooth Holdings LLC
—
Deed Of Trust
related
$50,000 · Mountain Bizworks
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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