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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
72 Hazel Ml Rd Asheville, NC 28806-4613
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1821237
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
BRICK
Total area
3,150 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 06/17/1998 DEE
APN
9638-78-2285-00000
UPID
US53-1821237
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
by Request
Comparable Approach
Comparable
$801k
Blend (final)
Blend
$800k
Owner & transaction history
Fi Realty LLC
Fi Realty LLC
since 2026
4 recorded transactions
Zoning & alternative use
DEED DATE: 06/17/1998 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$805,000
+32.9%
Medical building
$710,000
+17.0%
Commercial (general)
$675,000
+10.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$710,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: +11% · Conversion: Easy
RETAIL STORES
$635,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$254 / 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
$6,550
Tax year 2024
Assessed value
$634,000
Assessed 2024
Previous assessed
$634,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$204,100
Improvement market value
$429,900
Total market value
$634,000
Applied tax rate
6.0000
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
1998
Construction
BRICK
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
3,150 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DEED DATE: 06/17/1998 DEE
APN
9638-78-2285-00000
UPID
US53-1821237
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 06/17/1998 DEE · Asheville, NC
Zoning DEED DATE: 06/17/1998 DEE · permitted uses
DEED DATE: 06/17/1998 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
$610,000
AUTO REPAIR, GARAGE
Est. value
$805,000
MEDICAL BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
OFFICE BUILDING Current
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
1998
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Fi Realty LLC
Entity
Mailing address
932 HENDERSONVILLE RD STE #201, ASHEVILLE, NC 28803-6617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 4, 2026
—
Fi Realty LLC
M Realty LLC
Special Warranty Deed
—
Aug 25, 2025
—
Realty I LLC
Fi Realty LLC
Special Warranty Deed
—
—
—
Fi Realty LLC
—
Deed Of Trust
related
$252,000 · Td Bank NA
—
—
Fi Realty LLC
—
Deed Of Trust
related
$250,000 · Asheville Svgs Bk
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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