Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    61 Market St Asheville, NC 28801-2913

    • Office buildings
    • 4,400 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $1,200,000
    Last Sale
    Aug 16, 2023
    $1,350,000
    Location Intelligence
    Property ID
    US53-1370607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ganly & Ramer, P.L.L.C. / Personal Injury Attorney / Employment Attorney
    • Jason Wilson, Asheville Criminal Defense / Criminal Justice Attorney / Attorney
    • Jack Stewart Law / Criminal Justice Attorney

    Property Details for 61 Market St

    Year built
    1947
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Property size
    4,400 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    9649-41-3355-00000
    APU
    964941335500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,405,000
      6.5%
      $1,295,000
      7%
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,455,000
      Geo Method
      $1,540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,245,000
      Retail
      $1,250,000
      Mixed-Use
      $1,335,000
      Hospitality
      $1,300,000
      Educational
      $1,135,000
      Residential Income
      $1,455,000
      Energy
      $1,275,000
      Income-Based Land
      $1,350,000
      Food Service
      $1,105,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5518
    Latitude
    35.5977
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,888
    $0.00
    $0.00
    $783,200
    -
    $413,400
    $369,800
    $783,200

    Comparable in this City

    • Value Estimation by Request
      18,976 SF

      138 Charlotte St

      OFFICE BUILDING • 18,976 SF
      138 Charlotte St, Asheville, NC 28801-1970
      View Details
    • Value Estimation by Request
      2,028 SF

      39 Woodfin St

      OFFICE BUILDING • 2,028 SF
      39 Woodfin St, Asheville, NC 28801-3020
      View Details
    • Value Estimation by Request
      2,116 SF

      38 Orch St

      OFFICE BUILDING • 2,116 SF
      38 Orch St, Asheville, NC 28801-2425
      View Details
    • Value Estimation by Request
      4,792 SF

      168 Liberty St

      OFFICE BUILDING • 4,792 SF
      168 Liberty St, Asheville, NC 28801-2319
      View Details
    • Value Estimation by Request
      6,379 SF

      122 Lyman St

      OFFICE BUILDING • 6,379 SF
      122 Lyman St, Asheville, NC 28801-4372
      View Details
    • Value Estimation by Request
      4,000 SF

      70 Market St

      OFFICE BUILDING • 4,000 SF
      70 Market St, Asheville, NC 28801-8105
      View Details

    Similar Nearby for Sale

    • $9,900,000
      53,909 SF

      Downtown Asheville Investment Opportunity

      Portfolio with 100% occupancy and fresh NNN leases.
      99999 Broadway St, Asheville, NC 28801
      View Details
    • $3,776,500
      15,106 SF

      Downtown Asheville Medical Office Building

      Free-standing, two-level medical office building in Downtown Asheville.
      90 Asheland Ave, Asheville, NC 28801
      View Details
    • $3,050,000
      0.25 Acres

      Historic Bungalow Office Space

      Charming office spaces in a beautifully converted historic bungalow.
      135 Broad St, Asheville, NC 28801
      View Details
    • $1,450,000
      4,574 SF

      Asheville Brick Office Building

      4,500 SF office building near downtown Asheville.
      38 Orange St, Asheville, NC 28801
      View Details
    • New
      $4,900,000
      0.14 Acres

      Downtown Asheville Brick Building

      Four-story, 24,000 SF building in downtown Asheville.
      124 College St, Asheville, NC 28801
      View Details
    • $1,225,000
      4,491 SF

      Downtown Asheville Office Building

      Prime location, versatile office suites.
      157 Lexington Ave, Asheville, NC 28801
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      871 SF

      Asheville Office Building For Lease

      Two-story office building in downtown Asheville, zoned CBD.
      168 Patton Ave, Asheville, NC 28801
      View Details
    • $33 SF/Yr
      250,000 SF

      Asheville Executive Office Suites

      Downtown Asheville, Class A Office Space
      1 Page Ave, Asheville, NC 28801
      View Details
    • $83 SF/Yr
      18,728 SF

      Radview Creative Office Space

      Asheville's vibrant River Arts District gem.
      20 Artful Way, Asheville, NC 28801
      View Details
    • $28 SF/Yr
      31,110 SF

      Asheville Office Space for Lease

      Historic Downtown Asheville Office Suites
      14 Pack Sq, Asheville, NC 28801
      View Details
    • $25 SF/Yr
      1,154 SF

      Montford Office Space For Lease

      Two ground floor office units with exposed brick and natural light.
      8 Magnolia Ave, Asheville, NC 28801
      View Details
    • $27 SF/Yr
      1,983 SF

      Downtown Asheville Office Space Available

      Well-appointed offices in downtown Asheville's historic Adler Building.
      9 SW Pack Sq, Asheville, NC 28801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61 Market St
    Asheville, NC 28801-2913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.