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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Strip malls
800 Fairview Rd Asheville, NC 28803-1028
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5619460
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,960 SF
Lot
15.58 ac (678,665 SF)
Zoning code
DEED DATE: 08/12/2008 DEE
APN
9658-71-9278-00000
UPID
US53-5619460
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
-
Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Music & Arts (Bike/Boat/Book/etc) Store
-
Windswept Marketing Inc Marketing & Advertising
-
Asheville Sun Soo Martial Arts Sports School Training Center
-
McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$8.52M
Owner & transaction history
Horne River Ridge II Ltd Ptrsp · 17 yrs held
Horne River Ridge II Ltd Ptrsp
since 2008
2 recorded transactions
Zoning & alternative use
DEED DATE: 08/12/2008 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 7 DEVELOPMENT
Top alternative use upside
Restaurant
$9.4M
+117.9%
Commercial (general)
$6.5M
+52.3%
Auto repair, garage
$6.4M
+49.0%
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
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
RESTAURANT
$9,355,000
Change: +118% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,540,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,395,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$5,635,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±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
$341 / 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
$79,912
Tax year 2024
Assessed value
$8,621,400
Assessed 2024
Previous assessed
$8,621,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$3,800,500
Improvement market value
$4,820,900
Total market value
$8,621,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
24,960 SF
Lot
15.58 ac (678,665 SF)
Zoning code
DEED DATE: 08/12/2008 DEE
APN
9658-71-9278-00000
UPID
US53-5619460
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 08/12/2008 DEE · Asheville, NCZoning DEED DATE: 08/12/2008 DEE · permitted uses
DEED DATE: 08/12/2008 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 7 DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.6M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
15.58 ac
Current owner
From public records · entity-resolved
Horne River Ridge II Ltd Ptrsp
Individual
Mailing address
412 N CEDAR BLF RD STE #205, KNOXVILLE, TN 37923-3609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2015
—
Horne-river Ridge II LP
—
Grant Deed
related
$15,000,000 · Miscellaneous Ins Co
Aug 11, 2008
—
Horne River Ridge II Ltd Ptrsp
Horne River Ridge II Ltd P
Quit Claim Deed
related
—
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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