Entity Owned Property summary
AI-generated overview
This exceptional 3,793 sq. ft. single-tenant retail or restaurant property is located at 51 Sweeten Creek Rd, Asheville, NC 28803, in Buncombe County (APN: 964798091800000). Situated on a 0.27-acre lot, this building, constructed in 1944 and zoned CI, has undergone approximately $500,000 in recent improvements. These renovations include a large open floor plan bar area with indoor and outdoor seating, and a yoga studio with reception and two private studios. The property boasts a walk-in cooler, ice maker, under-bar fridge, three-piece sink, and a roll-up door. Ample on-site parking was previously available, but the addition of an exterior bar area reduced capacity
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,068 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DEED DATE:03/08/2019 DEED
APN
9647-98-0918-00000
UPID
US53-1985882
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
-
(Bike/Boat/Book/etc) Store
-
Bar & Pub
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$520k
Owner & transaction history
since 2025
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
DEED DATE:03/08/2019 DEED · Asheville, NC
Top alternative use upside
Medical building
$920,000
+39.6%
Retail stores
$820,000
+24.5%
Office building
$785,000
+19.3%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$520k
Value range
$468k – $572k
±10% around blend
Estimated value / SF
$128 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$468k
blend $520k
$572k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,068 SF
Lot area
0.27 ac
Year built
1944
Stories
1
APN
9647-98-0918-00000
Zoning
DEED DATE:03/08/2019 DEED
Assessed value
$414,300
Annual tax
$3,840
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
$554k
Range $444k – $1.03M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$520k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$162
-21%
County 43 sales
$160
-20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $128/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+40%
vs current-use indication
Retail Stores
Office Building
Neighborhood: Shopping Center
Distillery, Brewery, Bottling · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$600k
Move the market yield to see immediate price impact.
Value / SF
$147
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%
$38k
$756k
$540k
$420k
$42k
$840k
$600k
$467k
$46k
$924k
$660k
$513k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,840
Tax year 2024
Assessed value
$414,300
Assessed 2024
Previous assessed
$414,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$69,900
Improvement market value
$344,400
Total market value
$414,300
Applied tax rate
7.0000
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
4,068 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DEED DATE:03/08/2019 DEED
APN
9647-98-0918-00000
UPID
US53-1985882
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:03/08/2019 DEED · Asheville, NCZoning DEED DATE:03/08/2019 DEED · permitted uses
DEED DATE:03/08/2019 DEED · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 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:03/08/2019 DEED
Jurisdiction
Asheville, NC
Recorded code
DEED DATE:03/08/2019 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:03/08/2019 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.
Registration is required before the official district profile is shown.
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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.
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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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