New search
Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Breweries
524 Hendersonville Rd, Asheville, NC 28803-2826
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1646594
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
1985
Construction
BRICK
Total area
3,255 SF
Lot
0.6 ac (26,136 SF)
Zoning code
DEED DATE:01/15/2021 DEED
APN
9647-74-9874-00000
UPID
US53-1646594
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
-
Ace Bail Bonds LLC Law Firm
-
Fodrász, European Hair Design Hair Salon
-
Hope Massage Alternative Medicine Practice Spa & Massage Center
-
Jim Dawson & Co Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$825k
Owner & transaction history
Agape II LLC
Agape II LLC
since 2025
1 recorded transaction
Zoning & alternative use
DEED DATE:01/15/2021 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+62.0%
Auto repair, garage
$835,000
+58.5%
Medical building
$735,000
+39.6%
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
$525,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
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
$253 / 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
$6,022
Tax year 2024
Assessed value
$649,700
Assessed 2024
Previous assessed
$649,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$420,000
Improvement market value
$229,700
Total market value
$649,700
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
1985
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
3,255 SF
Lot
0.6 ac (26,136 SF)
Zoning code
DEED DATE:01/15/2021 DEED
APN
9647-74-9874-00000
UPID
US53-1646594
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/15/2021 DEED · Asheville, NC
Zoning DEED DATE:01/15/2021 DEED · permitted uses
DEED DATE:01/15/2021 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
$525,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$835,000
MEDICAL BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
DISTILLERY, BREWERY, BOTTLING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1985
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Agape II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1812 ELLICOTT LN, ASHEVILLE, NC 28803-3239
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
—
Agape II LLC
Lena Poulos Papakonstantion
Warranty Deed
—
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?”
You own 524 Hendersonville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
