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Property profile & analytics
OFF-MARKET
Office buildings
53 Market St Asheville, NC 28801-2952
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2158921
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Construction
BRICK
Total area
12,400 SF
Lot
0.37 ac (16,117 SF)
Zoning code
DEED DATE:12/21/2018 DEED
APN
9649-41-3286-00000
UPID
US53-2158921
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
-
Jody Lanier, Esq. Law Firm
-
George Hardie: Whole Life Coaching and Psychotherapy Psychotherapist
-
Mount Valley Foundation Services Hardware & Home Improvement Construction Company
-
The Car Park Parking Lot & Garage
-
Wade Trim General Contractor
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
Pwm Holdings LLC · 1 yrs held
Pwm Holdings LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
DEED DATE:12/21/2018 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$41,034
Tax year 2024
Assessed value
$3,661,100
Assessed 2024
Previous assessed
$3,661,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$2,021,100
Improvement market value
$1,640,000
Total market value
$3,661,100
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Total area
12,400 SF
Lot
0.37 ac (16,117 SF)
Zoning code
DEED DATE:12/21/2018 DEED
APN
9649-41-3286-00000
UPID
US53-2158921
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:12/21/2018 DEED · Asheville, NC
Zoning DEED DATE:12/21/2018 DEED · permitted uses
DEED DATE:12/21/2018 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.
Building & site characteristics
From public records
Year built
1928
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pwm Holdings LLC
Entity
Mailing address
1 PAGE AVE STE #270, ASHEVILLE, NC 28801-2317
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
$1,280,000
Pwm Holdings LLC
Suggs And Britt Building LLC
Special Warranty Deed
$1,108,000 · Trupoint Bank
Mar 1, 2019
—
Suggs & Britt Building LLC
—
Deed
related
$2,570,300 · M1 Bank- Clayton
Dec 21, 2018
—
Miami Made LLC
53 N Market LLC
Quit Claim Deed
related
—
Dec 21, 2018
$4,170,000
Suggs & Britt Building LLC
Miami Made LLC
Warranty Deed
$2,517,920 · Private Individual
Jun 8, 2017
—
Miami Made LLC
53 N Market LLC
Quit Claim Deed
related
—
Apr 26, 2017
$2,450,000
Miami Made LLC
53 N Market Street LLC
Warranty Deed
$1,715,000 · Wells Fargo Bank NA
Jun 29, 2004
—
53 N Market Street LLC
Powell,john A & Sandra S
Warranty Deed
$138,009 · Carolina First Bk
—
—
Suggs & Britt Building LLC
—
Deed Of Trust
related
$2,570,300 · M1 Bank- Clayton
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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