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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office Spaces
64 Laurel Cv Rd Candler, NC 28715-8214
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0156021
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1936
Total area
3,683 SF
Lot
2.01 ac (87,556 SF)
Zoning code
DEED DATE: 2022-04-27 DEE
APN
8696-92-5792-00000
UPID
US53-0156021
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$765k
Owner & transaction history
Asheville Real Estate Group LLC · 4 yrs held
Asheville Real Estate Group LLC
since 2022
Last sale
$769,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 2022-04-27 DEE · Candler, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+1.1%
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 Candler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Candler 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
$650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$825,000
Current use
MEDICAL BUILDING
$830,000
Change: +1% · Conversion: Easy
RETAIL STORES
$750,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $769k (Apr 27 2022)
Last sale anchor
$769k
Apr 27 2022
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
$208 / 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
$4,268
Tax year 2024
Assessed value
$603,100
Assessed 2024
Previous assessed
$603,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Land market value
$70,000
Improvement market value
$533,100
Total market value
$603,100
Applied tax rate
16.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1936
Heating
YES
Cooling
YES
Stories
2
Bathrooms
5
Total area
3,683 SF
Lot
2.01 ac (87,556 SF)
Zoning code
DEED DATE: 2022-04-27 DEE
APN
8696-92-5792-00000
UPID
US53-0156021
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-04-27 DEE · Candler, NC
Zoning DEED DATE: 2022-04-27 DEE · permitted uses
DEED DATE: 2022-04-27 DEE · Candler, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Candler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$825,000
MEDICAL BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1936
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
2.01 ac
Current owner
From public records · entity-resolved
Asheville Real Estate Group LLC
Entity
Mailing address
191 CHARLOTTE ST, ASHEVILLE, NC 28801-1989
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Asheville Real Estate Group LLC
Idm Endeavors LLC
Intrafamily Transfer
related
$375,000 · Hometown Equity Mortgage
Jul 30, 2019
$769,000
Idm Endeavors LLC
Forbes,rosemary J & Jack R
Warranty Deed
$683,000 · Rosemary J & Jack R Forbes
Mar 21, 2006
$740,000
Rosemary J Forbes
Barthel,frank J
Grant Deed
$592,000 · Gmac Bank
—
—
Barthel,frank J
—
Deed Of Trust
related
$200,000 · Wachovia Bk/sc
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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