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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
701 Brevard Rd Asheville, NC 28806-2203
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1278716
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
7,394 SF
Lot
1.47 ac (64,033 SF)
Zoning code
DEED DATE: 2022-11-21 DEE
APN
9627-91-9410-00000
UPID
US53-1278716
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
-
Carolina Recovery Solutions Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.70M
Owner & transaction history
Cardinal Capital Investment Group L · 3 yrs held
Cardinal Capital Investment Group L
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-11-21 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+94.4%
Auto repair, garage
$1.9M
+32.9%
Medical building
$1.7M
+17.0%
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
$1,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,250,000
7%
$2,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,425,000
Current use
RESTAURANT
$2,770,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,895,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,670,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,580,000
Change: +11% · Conversion: Easy
RETAIL STORES
$1,490,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,270,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.80M (Nov 21 2022)
Last sale anchor
$1.80M
Nov 21 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
$229 / 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
$10,211
Tax year 2024
Assessed value
$1,101,600
Assessed 2024
Previous assessed
$1,101,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$544,300
Improvement market value
$557,300
Total market value
$1,101,600
Applied tax rate
5.0000
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
1987
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
7,394 SF
Lot
1.47 ac (64,033 SF)
Zoning code
DEED DATE: 2022-11-21 DEE
APN
9627-91-9410-00000
UPID
US53-1278716
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-11-21 DEE · Asheville, NC
Zoning DEED DATE: 2022-11-21 DEE · permitted uses
DEED DATE: 2022-11-21 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Cardinal Capital Investment Group L
Entity
Mailing address
3 ELM STB, GREENVILLE, SC 29605-4005
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
—
Cardinal Capital Investment Group L
—
Deed
related
$800,000 · Pic Fund I LLC
Sep 21, 2023
—
Cardinal Capital Investment Group L
—
Deed
related
$931,000 · Conor Quinlan
Mar 17, 2023
—
Cardinal Capital Investment Group L
—
Deed
related
$300,000 · Conor Quinlan
Nov 23, 2022
—
Cardinal Capital Investment Group L
—
Deed
related
$900,000 · Exultent LLC
Nov 21, 2022
$1,800,000
Cardinal Capital Investment Group L
Mountain Production Credit Associat
Warranty Deed
$600,000 · Heritage Capital Funding LLC
Nov 21, 2022
—
Cardinal Capital Investment Group L
—
Deed
related
$160,000 · Conor Quinlan
Dec 29, 2020
—
John W Tyler
—
Deed
related
$150,000 · Farm Credit Svcs
—
—
John W Tyler
—
Deed Of Trust
related
$150,000 · Farm Credit Svcs
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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