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Property profile & analytics
OFF-MARKET
Estimated value
$4,410,000
Office buildings
86 Asheland Ave Asheville, NC 28801-4044
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5805028
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
TILT-UP CONCRETE
Total area
12,910 SF
Lot
0.96 ac (41,818 SF)
Zoning code
DEED DATE: 2022-09-02 DEE
APN
9648-38-0833-00000
UPID
US53-5805028
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
-
Wildcat Cliffs General Contractor
-
Venessa Zadeh Realty at Keller Williams Professionals Real Estate Agency
-
Keller Williams Asheville Real Estate Agency
-
Casey Cave - Keller Williams Real Estate Real Estate Agency
-
Adam Reed - Blue Star Mountain Properties - Keller Williams Professionals Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
Warp Technologies INC · 3 yrs held
Warp Technologies INC
since 2022
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
DEED DATE: 2022-09-02 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+102.4%
Commercial (general)
$3.3M
+38.7%
Auto repair, garage
$3.3M
+38.4%
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
$4,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,260,000
6.5%
$3,930,000
7%
$3,650,000
Alternative Use
Use
Estimation
RESTAURANT
$4,840,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,315,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,310,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$2,915,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$4.41M
Range $3.97M – $4.85M · ±10% · vs last sale $4.80M (Sep 2 2022)
Last sale anchor
$4.80M
Sep 2 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
$342 / 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
$19,674
Tax year 2024
Assessed value
$1,904,400
Assessed 2024
Previous assessed
$1,904,400
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$1,589,100
Improvement market value
$315,300
Total market value
$1,904,400
Applied tax rate
4.0000
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,910 SF
Lot
0.96 ac (41,818 SF)
Zoning code
DEED DATE: 2022-09-02 DEE
APN
9648-38-0833-00000
UPID
US53-5805028
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-09-02 DEE · Asheville, NC
Zoning DEED DATE: 2022-09-02 DEE · permitted uses
DEED DATE: 2022-09-02 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
RESTAURANT
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Warp Technologies INC
Entity
Mailing address
710575 S PO BOX 640TH ST, HAWTHORNE, NJ 07507-0640
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$4,800,000
Warp Technologies INC
86 Asheland LLC
Special Warranty Deed
—
Jun 26, 2019
—
Cobble LLC
—
Deed
related
$30,000 · Catoe Construction LLC
May 16, 2018
—
86 Asheland LLC
—
Deed
related
$1,650,000 · Trupoint Bank
Mar 17, 2004
$1,650,000
86 Asheland LLC
Price Associates
Grant Deed
—
—
—
Cobble LLC
—
Deed Of Trust
related
$30,000 · Catoe Construction LLC
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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