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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Breweries
51 Sweeten Crk Rd, Asheville, NC 28803-2318
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1985882
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mountain Hospitality Laundry (Bike/Boat/Book/etc) Store
-
Down Dog - Dog Bar & Yoga Studio Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$575k
Owner & transaction history
Busy Little Bees Asheville LLC
Busy Little Bees Asheville LLC
since 2025
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
DEED DATE:03/08/2019 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$920,000
+39.6%
Retail stores
$820,000
+24.5%
Office building
$785,000
+19.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
DISTILLERY, BREWERY, BOTTLING
$660,000
Current use
MEDICAL BUILDING
$920,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$820,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $600k (Jul 1 2025)
Last sale anchor
$600k
Jul 1 2025
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
$141 / 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
$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
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
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, NC
Zoning 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
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
DISTILLERY, BREWERY, BOTTLING Current
Est. value
$660,000
MEDICAL BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$820,000
OFFICE BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
DISTILLERY, BREWERY, BOTTLING Current
MEDICAL BUILDING
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
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Busy Little Bees Asheville LLC
Entity
Mailing address
700 E MOREHEAD ST STE 100B, CHARLOTTE, NC 28202-0126
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
$600,000
Busy Little Bees Asheville LLC
I Dont Complain & Dont Explain Ashe
Special Warranty Deed
$450,000 · I Dont Complain & Dont Explain Ashe
Mar 8, 2019
$505,000
I Dont Complain And Dont Explain As
Edelvaise Partners LLC
Special Warranty Deed
$310,000 · South State 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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