Entity Owned Property summary
AI-generated overview
The property is located in the North River Arts District in Woodfin and consists of a brick building configured for potential warehouse, mixed storage, and multiple commercial uses. The brick building is approximately 6,000 square feet and is supported by additional storage buildings on site. The property abuts a railroad spur with minimal setbacks and is fully fenced.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
BRICK
Total area
7,751 SF
Lot
1.46 ac (63,598 SF)
Zoning code
DEED DATE: 11/30/2004 DEE
APN
9639-78-5610-00000
UPID
US53-1278778
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice Spa & Massage Center
-
Kitchen & Bath Showroom Interior Design
-
Renovation Specialist (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$1.02M
Owner & transaction history
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
DEED DATE: 11/30/2004 DEE · Asheville, NC
Top alternative use upside
Retail stores
$1.6M
+60.1%
Office building
$1.5M
+53.3%
Neighborhood: shopping center
$1.3M
+36.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.02M
Value range
$914k – $1.12M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$914k
blend $1.02M
$1.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,751 SF
Lot area
1.46 ac
Year built
1955
Stories
2
APN
9639-78-5610-00000
Zoning
DEED DATE: 11/30/2004 DEE
Assessed value
$578,200
Annual tax
$6,415
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.12M
@ 6.5% CAP return
$1.04M
@ 7% CAP return
$960k
4
Sales comparison
Partial preview
Sales approach indication
$925k
Range $658k – $1.57M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 42 sales
$126
+4%
County 85 sales
$109
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+60%
vs current-use indication
Office Building
Neighborhood: Shopping Center
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
6.60%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.60%
9.0%
NOI (est.)
$95k *
Last sale · Sep 2021
$1.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.43M
Move the market yield to see immediate price impact.
Value / SF
$185
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.10%6.60%7.10%
$85k
$1.39M
$1.29M
$1.20M
$95k
$1.55M
$1.43M
$1.33M
$104k
$1.70M
$1.58M
$1.46M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,415
Tax year 2024
Assessed value
$578,200
Assessed 2024
Previous assessed
$578,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$257,600
Improvement market value
$320,600
Total market value
$578,200
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
NONE
Buildings
2
Stories
2
Total area
7,751 SF
Lot
1.46 ac (63,598 SF)
Zoning code
DEED DATE: 11/30/2004 DEE
APN
9639-78-5610-00000
UPID
US53-1278778
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/30/2004 DEE · Asheville, NCZoning DEED DATE: 11/30/2004 DEE · permitted uses
DEED DATE: 11/30/2004 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
BRICK
Heating
NONE
Stories
2
Buildings
2
Lot
1.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DEED DATE: 11/30/2004 DEE
Jurisdiction
Asheville, NC
Recorded code
DEED DATE: 11/30/2004 DEE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DEED DATE: 11/30/2004 DEE in Asheville, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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