Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    999 Wembley Rd Asheville, NC 28804

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $345,000

    Unique lot on Asheville Country Club golf course.

    Lot size:
    0.59 Acres

    Property Features for 999 Wembley Rd

    General Information

    Lot size
    0.59 Acres
    Source: Moodyscre

    Listing Agent: Jon Sarver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeview Park Golf Course Lot

    This is a unique lot located in Lakeview Park on the 2nd Fairway of the Asheville Country Club Golf Course. The property is adjacent to Asheville Country Club, which features tennis courts, a pool, and a clubhouse. An engineering report is on file confirming water, sewer, and setback information. This lot is suitable for building in North Asheville.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.555912
    Latitude
    35.6400918

    Nearby Similar for Sale

    • New
      $615,000
      0.42 Acres

      Asheville Multifamily with Rental Potential

      Two homes on a corner lot with short-term rental potential.
      75 Cisco Rd, Asheville, NC 28805
      View Details
    • $1,900,000
      1.38 Acres

      Asheville Tudor Home with Cottages

      Forested urban estate with Tudor home and guest cottages.
      108 Lakewood Dr, Asheville, NC 28803
      View Details
    • New
      $624,000
      0.29 Acres

      West Asheville Multifamily Investment Opportunity

      Three units in two homes near Haywood Road corridor.
      17 Hubbard Ave, Asheville, NC 28806
      View Details
    • $799,000
      0.16 Acres

      Remodeled Duplex in Historic Montford

      Modern duplex in Asheville's sought-after Montford neighborhood.
      162 Courtland Pl, Asheville, NC 28801
      View Details
    • $975,000
      0.16 Acres

      Versatile Asheville Mixed-Use Property

      Unique property suitable for single-family, multifamily, or commercial use.
      297 Hillside St, Asheville, NC 28801
      View Details
    • $975,000
      0.16 Acres

      Asheville Multifamily Live/Work Opportunity

      Unique mixed-use property in Asheville with rental income potential.
      297 Hillside St, Asheville, NC 28801
      View Details
    • New
      $875,000
      0.23 Acres

      Asheville Multifamily with Mountain Views

      Newer construction duplex with rental income potential near Beaver Lake.
      17 Elkmont Ter, Asheville, NC 28804
      View Details
    • $2,900,000
      4.79 Acres

      Asheville Multi-Home Rental Compound

      4.79-acre private retreat with multiple rental homes near downtown Asheville.
      68/72/82/84 Oteen Church Rd, Asheville, NC 28805
      View Details
    • New
      $1,250,000
      0.34 Acres

      Asheville Riverfront Investment Opportunity

      Two properties with short-term rental potential near downtown Asheville.
      1061 Riverside Dr, Asheville, NC 28804
      View Details
    • $895,000
      1.64 Acres

      Asheville Office/Showroom Building For Sale

      Versatile office/showroom with excellent visibility and abundant natural light.
      798 Dogwood Rd, Asheville, NC 28806
      View Details
    • $525,000
      0.13 Acres

      Asheville Commercial Building For Sale

      Commercial building with road frontage in West Asheville.
      16 Allen St, Asheville, NC 28806
      View Details
    • $599,000
      0.13 Acres

      Modern Asheville Multifamily with Rental

      Nearly new home with rental unit in West Asheville.
      113 Burton St, Asheville, NC 28806
      View Details

    FAQs

    What type of property is this?
    Land - Unique lot on Asheville Country Club golf course.
    Where is this land located?
    The property is located at 999 Wembley Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - One-of-a-kind Lakeview Park lot.; - Located on the 2nd Fairway of the Asheville Country Club Golf Course.; - Adjacent to Asheville Country Club with tennis courts, pool, and clubhouse.
    (828) 552-0166
    Request Owner's contact information
    999 Wembley Rd Asheville, NC 28804
    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.
    999 Wembley Rd
    Asheville, NC 28804
    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.

    Alternative use

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

    More about this property
    999 Wembley Rd Asheville, NC 28804
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.