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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Bed & breakfasts
86 Edgemont Rd, Asheville, NC 28801-1544
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0083060
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1904
Construction
WOOD FRAME
Total area
7,828 SF
Lot
0.72 ac (31,363 SF)
Zoning code
DEED DATE: 2021-12-20 DEE
APN
9649-77-5343-00000
UPID
US53-0083060
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
-
Albemarle Inn Bed & Breakfast Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.13M
Owner & transaction history
86 Edgemont Albemarle LLC · 4 yrs held
86 Edgemont Albemarle LLC
since 2021
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
DEED DATE: 2021-12-20 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+38.9%
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
$1,810,000
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
$2,110,000
Current use
RESTAURANT
$2,935,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,010,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$1,765,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.40M (Dec 20 2021)
Last sale anchor
$2.40M
Dec 20 2021
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
$272 / 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
$9,002
Tax year 2024
Assessed value
$1,742,700
Assessed 2024
Previous assessed
$1,742,700
+0.0% YoY
Effective rate
0.52%
On assessed value
Land market value
$94,300
Improvement market value
$1,648,400
Total market value
$1,742,700
Applied tax rate
9.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1904
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Bathrooms
11
Total area
7,828 SF
Lot
0.72 ac (31,363 SF)
Zoning code
DEED DATE: 2021-12-20 DEE
APN
9649-77-5343-00000
UPID
US53-0083060
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2021-12-20 DEE · Asheville, NC
Zoning DEED DATE: 2021-12-20 DEE · permitted uses
DEED DATE: 2021-12-20 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
$2.1M
RESTAURANT
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
HOTEL/MOTEL Current
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
1904
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
11
Lot
0.72 ac
Current owner
From public records · entity-resolved
86 Edgemont Albemarle LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2101 SUPERIOR AVE E, CLEVELAND, OH 44114-2149
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 20, 2021
$2,400,000
86 Edgemont Albemarle LLC
New Eagle LLC
Special Warranty Deed
—
Apr 9, 2018
—
New Eagle LLC
—
Deed
related
$575,000 · Hometrust Bank
Jun 27, 2013
—
New Eagle LLC
Chiariello,fabrizio & Rosemary
Warranty Deed
$800,000 · Asheville Savings Bank
May 30, 2012
$1,694,000
Fabrizio Chiariello
Sklar,lawrence E & Catherine A
Warranty Deed
$700,000 · Asheville Savings Bank
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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