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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Bed & breakfasts
810 Elk Mtn Scenic Hwy, Asheville, NC 28804-1762
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1301263
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1995
Construction
WOOD FRAME
Total area
19,380 SF
Lot
100.37 ac (4,372,117 SF)
Zoning code
DEED DATE: 2023-01-25 DEE
APN
9761-06-4543-00000
UPID
US53-1301263
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
-
SoHum Mountain Healing Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$3.56M
Owner & transaction history
Niraamaya LLC · 3 yrs held
Niraamaya LLC
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2023-01-25 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,230,000
Current use
AUTO REPAIR, GARAGE
$4,965,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,670,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$4,375,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±10% · vs last sale $4.00M (Jan 25 2023)
Last sale anchor
$4.00M
Jan 25 2023
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
$184 / 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
$28,809
Tax year 2024
Assessed value
$2,779,300
Assessed 2024
Previous assessed
$2,779,300
+0.0% YoY
Effective rate
1.04%
On assessed value
Land market value
$1,198,700
Improvement market value
$1,580,600
Total market value
$2,779,300
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
19,380 SF
Lot
100.37 ac (4,372,117 SF)
Zoning code
DEED DATE: 2023-01-25 DEE
APN
9761-06-4543-00000
UPID
US53-1301263
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-01-25 DEE · Asheville, NC
Zoning DEED DATE: 2023-01-25 DEE · permitted uses
DEED DATE: 2023-01-25 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
HOTEL/MOTEL Current
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1995
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
100.37 ac
Current owner
From public records · entity-resolved
Niraamaya LLC
Entity
Mailing address
312 HAYWOOD RD, ASHEVILLE, NC 28806-4232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 23, 2025
—
Niraamaya LLC
—
Deed
related
$1,354,900 · United States Small Business Admin
Jul 30, 2025
—
Niraamaya LLC
—
Deed
related
$437,400 · United States Small Business Admin
Jan 25, 2023
—
Niraamaya LLC
Sourwood Land Holdings LLC
Quit Claim Deed
related
$4,168,800 · Farm Bureau Bank Fsb
Jan 25, 2023
$4,000,000
Niraamya LLC
Sourwood Land Holdings LLC
Special Warranty Deed
—
Feb 26, 2020
—
Sourwood Land Holdings LLC
—
Deed
related
$2,900,000 · Aquesta Bk
Oct 4, 2019
$2,600,000
Sourwood Land Holdings LLC
Sourwood Inn LLC
Warranty Deed
—
Oct 4, 2019
—
Grantee Sourwood Land Hldgs Ll
Sourwood Inn LLC
Quit Claim Deed
—
—
—
Sourwood Land Holdings LLC
—
Loan Modification
related
$2,900,000 · Aquesta 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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