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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Medical Office Space
63 Monticello Rd, Weaverville, NC 28787-9441
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1642959
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD FRAME
Total area
14,296 SF
Lot
7.53 ac (328,007 SF)
Zoning code
DEED DATE:06/05/2020 DEED
APN
9743-03-6262-00000
UPID
US53-1642959
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
-
Hearing Connections Inc Medical Clinic
-
Mission Family Medicine - Weaverville Pediatrician Physician
-
Dr. Robert A. Cook, MD Pediatrician Physician
-
Dr. William K. Campbell, MD has retired years ago Pediatrician Physician
-
Nancy Winebarger, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$3.15M
Owner & transaction history
Kituwah LLC · 6 yrs held
Kituwah LLC
since 2020
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
DEED DATE:06/05/2020 DEED · Weaverville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+52.8%
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 Weaverville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weaverville 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
$2,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,955,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,225,000
Current use
RESTAURANT
$4,930,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,195,000
Change: -1% · Conversion: Easy
RETAIL STORES
$2,905,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,715,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$2,660,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.30M (Jun 5 2020)
Last sale anchor
$3.30M
Jun 5 2020
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
$220 / 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
$19,044
Tax year 2024
Assessed value
$2,974,300
Assessed 2024
Previous assessed
$2,974,300
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$790,700
Improvement market value
$2,183,600
Total market value
$2,974,300
Applied tax rate
22.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
14,296 SF
Lot
7.53 ac (328,007 SF)
Zoning code
DEED DATE:06/05/2020 DEED
APN
9743-03-6262-00000
UPID
US53-1642959
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:06/05/2020 DEED · Weaverville, NC
Zoning DEED DATE:06/05/2020 DEED · permitted uses
DEED DATE:06/05/2020 DEED · Weaverville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Weaverville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.53 ac
Current owner
From public records · entity-resolved
Kituwah LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 366, CHEROKEE, NC 28719-0366
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
$3,300,000
Kituwah LLC
Ashley Square Furniture LLC
Grant Deed
—
Jan 11, 2018
$500
Sineath Investments LLC
Weaverville Family Assocs Buil
Warranty Deed
—
Jan 11, 2018
$2,800,000
Ashley Square Furniture LLC
Weaverville Family Associates Build
Warranty Deed
$2,118,750 · Wells Fargo Bank NA
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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