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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
62 Charlotte St Asheville, NC 28801-2434
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5340701
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
BRICK
Total area
13,848 SF
Lot
0.87 ac (37,897 SF)
Zoning code
DEED DATE: 09/15/2008 DEE
APN
9649-52-7682-00000
UPID
US53-5340701
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
-
Starbucks Cafe & Coffee Shop
-
Tender Loving Care Homes Home Health Care Service
-
Pisgah Legal Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Pisgah Legal Services · 2 yrs held
Pisgah Legal Services
since 2024
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
DEED DATE: 09/15/2008 DEE · 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
Method
Estimation
Statistic approach
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Apr 12 2024)
Last sale anchor
$875k
Apr 12 2024
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
$63 / 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
$2,941
Tax year 2024
Assessed value
$2,847,000
Assessed 2024
Previous assessed
$2,847,000
+0.0% YoY
Effective rate
0.10%
On assessed value
Land market value
$928,500
Improvement market value
$1,918,500
Total market value
$2,847,000
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
2003
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
2
Total area
13,848 SF
Lot
0.87 ac (37,897 SF)
Zoning code
DEED DATE: 09/15/2008 DEE
APN
9649-52-7682-00000
UPID
US53-5340701
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 09/15/2008 DEE · Asheville, NC
Zoning DEED DATE: 09/15/2008 DEE · permitted uses
DEED DATE: 09/15/2008 DEE · 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
2003
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Pisgah Legal Services
Individual
Mailing address
62 CHARLOTTE STA, ASHEVILLE, NC 28801-2434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 12, 2024
$875,000
Pisgah Legal Services
Pjp Properties LLC
Special Warranty Deed
—
Feb 1, 2022
—
Pisgah Legal Services
—
Deed
related
$1,000,000 · Hometrust Bank
Sep 15, 2008
$3,500,000
Pisgah Legal Services
Kasey Properties LLC
Grant Deed
$3,400,000 · Hometrust Bank
Aug 1, 2002
$885,500
Kasey Properties LLC
Robbins Oil Comp
Grant Deed
—
—
—
Kasey Properties LLC
—
Deed Of Trust
related
$615,094 · Rbc Centura Bank
—
—
Kasey Properties LLC
—
Deed Of Trust
related
$500,000 · Western Fsb
—
—
Kasey Properties LLC
—
Loan Modification
related
$2,000,000 · Rbc Centura Bk
—
—
Kasey Properties LLC
—
Deed Of Trust
related
$150,000 · Mountain First Bank & Trust
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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