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    Property profile & analytics

    71 Thompson St Asheville, NC 28803

    • Office buildings
    • 5,500 SF
    • 0.13 lot acres
    For Sale
    View listing
    $1,775,000
    Value Estimation
    Last Sale
    Dec 22, 2023
    $825,000
    Location Intelligence
    Property ID
    US53-1175399
    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

    • Young Office / Wood And Laminate Flooring Supplier / Office Furniture Store

    Property Details for 71 Thompson St

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    5,500 SF
    Zone code
    DEED DATE: 2023-12-22 DEE
    Property type
    Office buildings
    APN
    9648-70-1739-00000
    APU
    964870173900000

    Description

    and walking distance to the Biltmore estate

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $775,000
      6.5%
      $815,000
      7%
      $785,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $760,000
      Geo Method
      $770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $755,000
      Retail
      $800,000
      Mixed-Use
      $800,000
      Hospitality
      $990,000
      Educational
      $895,000
      Residential Income
      $900,000
      Energy
      $810,000
      Income-Based Land
      $855,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5412
    Latitude
    35.569
    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
    2024
    $6,435
    $0.00
    $0.00
    $694,300
    -
    $31,300
    $663,000
    $694,300

    Comparable in this City

    • Value Estimation by Request
      1,664 SF

      2 Herman Ave Ext

      OFFICE BUILDING • 1,664 SF
      2 Herman Ave Ext, Asheville, NC 28803-9106
      View Details
    • Value Estimation by Request
      6,852 SF

      1075 Hendersonville Rd

      OFFICE BUILDING • 6,852 SF
      1075 Hendersonville Rd, Asheville, NC 28803-7800
      View Details
    • Value Estimation by Request
      4,052 SF

      304 Smt St

      OFFICE BUILDING • 4,052 SF
      304 Smt St, Asheville, NC 28803-2725
      View Details
    • Value Estimation by Request
      7,664 SF

      639 Biltmore Ave

      OFFICE BUILDING • 7,664 SF
      639 Biltmore Ave, Asheville, NC 28803-2585
      View Details
    • Value Estimation by Request
      3,000 SF

      4 Herman Ave Ext

      OFFICE BUILDING • 3,000 SF
      4 Herman Ave Ext, Asheville, NC 28803-8100
      View Details
    • Value Estimation by Request
      8,380 SF

      13 Ldg St

      OFFICE BUILDING • 8,380 SF
      13 Ldg St, Asheville, NC 28803
      View Details

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    Similar Nearby for Lease

    • $44,800
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      Asheville Retail/Office/Medical Space For Lease

      1,600 SF suite ideal for retail, office, or medical use.
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    • Contact for pricing
      3,500 SF

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      Prime retail location in South Asheville with high visibility.
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    • $42 SF/Yr
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      Prime retail location in high-traffic Biltmore Village near national retailers.
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      View Details
    • $14 SF/Yr
      3,000 SF

      Industrial Flex Space with Roll-Up

      3,000 SF flex space with convenient highway access.
      92 Crayton Rd, Asheville, NC 28803
      View Details
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    71 Thompson St
    Asheville, NC 28803
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    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
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