Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Chris Mansfield, Asheville, NC

    License ID: 340236
    NAI Allen Tate Beverly-Hanks Commercial
    Years of Experience
    2

    Contact details

    Phone:
    (845) 699-3340

    Performance

    Listings
    20
    Total transactions
    2
    Total transactions amount
    $1M
    Price range
    $333k - 750k
    Average price
    $500k

    Listings

    For Sale (16)

    View map
    • $735,000

      Prime Redevelopment Site Near Patton

      1.37 acre redevelopment site with high traffic and visibility.
      981 Patton Ave, Asheville, NC 28806
      View Details
    • $263,500

      Redevelopment Opportunity Near UNC Asheville

      Two parcels for mixed-use redevelopment near downtown Asheville and UNC.
      498-500 Merrimon Ave, Asheville, NC 28804
      View Details
    • $885,240

      Merrimon Avenue Redevelopment Opportunity

      Four parcels with high visibility frontage, ideal for mixed-use redevelopment.
      498-506 Merrimon Ave, Asheville, NC 28804
      View Details
    • $621,740

      Redevelopment Opportunity Near UNC Asheville

      Two parcels ideal for mixed-use redevelopment near downtown Asheville.
      502-506 Merrimon Ave, Asheville, NC 28804
      View Details
    • $398,500

      Commercial Land on Signal Hill

      0.797-acre commercial parcel zoned C-3 Highway Business.
      99999 Signal Hill Rd, Hendersonville, NC 28792
      View Details
    • Contact for pricing

      Versatile Flex Warehouse in Lake Toxaway

      3,056 SF flex warehouse on 1.12 acres for sale.
      13480 Rosman Hwy, Lake Toxaway, NC 28747
      View Details
    • $725,000

      Lake Toxaway Flex Warehouse

      3,056 SF flex warehouse on 1.12 acres for sale.
      13480 Rosman Hwy, Lake Toxaway, NC 28747
      View Details
    • $2,925,000

      Downtown Brevard Stabilized Investment Portfolio

      Fully occupied portfolio in vibrant downtown Brevard with long-term tenants.
      36 E Main St, Brevard, NC 28712
      View Details
    • $735,000

      Redevelopment Site Near Patton Avenue

      1.37 acre redevelopment site off Patton Avenue, Asheville, NC.
      981 Patton Ave, Asheville, NC 28806
      View Details
    • $1,075,000

      Medical Office Building in Brevard

      5,625 SF medical office building near Transylvania Regional Hospital.
      157 Medical Park Dr, Brevard, NC 28712
      View Details
    • $398,500

      Hendersonville Commercial Development Opportunity

      0.797-acre commercial parcel zoned for diverse business uses.
      99999 Signal Hill Rd, Hendersonville, NC 28792
      View Details
    • Contact for pricing

      Medical Office Building in Brevard

      5,625 SF medical office building for sale.
      157 Medical Park Dr, Brevard, NC 28712
      View Details
    • $1,495,000

      Biltmore Village Redevelopment Opportunity

      Prime redevelopment land in Biltmore Village near Biltmore Estate.
      71 Thompson St, Asheville, NC 28803
      View Details
    • $900,000

      Occupied Self-Storage Facility with Residence

      68-unit self-storage facility with residential options in Madison County.
      58 Guntertown Rd, Marshall, NC 28753
      View Details
    • $795,000
      3,056 SF

      Versatile Flex Warehouse on 1.12 Acres

      3,056 SF flex warehouse on 1.12 acres in Lake Toxaway.
      13480 Rosman Hwy, Lake Toxaway, NC 28747
      View Details
    • $1,800,000

      Asheville Parking Garage For Sale

      Parking garage located in Asheville, North Carolina available for purchase.
      39 N Lexington Ave, Asheville, NC 28801
      View Details

    For Lease (4)

    View map
    • $5,056 /Mo
      6,200 SF

      Industrial Building with Spray Booth

      6,741 SF industrial building with turnkey auto body potential.
      2308 Icenhour Ct, Lenoir, NC 28645
      View Details
    • $6,064 /Mo

      Medical Office Condo in Asheville

      Ready-to-occupy medical office in established healthcare corridor.
      1998 Hendersonville Rd, Asheville, NC 28803
      View Details
    • $7,848 /Mo

      Medical Office Building in Brevard

      5,625 SF medical office building near Transylvania Regional Hospital.
      157 Medical Park Dr, Brevard, NC 28712
      View Details
    • $4,494 /Mo

      Freestanding Industrial Building For Lease

      6,741 SF industrial building ideal for manufacturing or auto-related businesses.
      2308 Icenhour Ct, Lenoir, NC 28645
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Chris Mansfield, Asheville, NC
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    Send Message to
    Chris Mansfield, Asheville, NC
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    (845) 699-3340
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!