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    Industrial Manufacturing and Warehouse Facility Title is generated by Realmo AI

    275 Aiken Rd, Asheville, NC 28804

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    Manufacturing-focused facility with substantial warehouse space, dock-high loading, and robust power, gas, and fire suppression systems.

    Type:industrial
    Property size:
    290,898 SF
    Lot size:
    40.70 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:54 am

    Property Features for 275 Aiken Rd

    General Information

    Standard status
    Active
    Size
    290,898 SF
    Lot size
    40.70 Acres
    Property subtype
    industrial

    We can help!

    Listing Contact
    Spencer Yorke
    Spencer Yorke

    Listing agent Spencer Yorke License #266736

    Listing office Charlotte

    Listing date Jun 3, 2026

    Source Property.jll

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

    All listing content including descriptions, pricing, images are the copyrighted material of Charlotte

    HighLights

    • Manufacturing facility for sale at 275 Aiken Rd, 290,898 SF on 40.7 total acres (33.47 main parcel, 7.23 satellite parcel).
    • Space breakdown includes 244,911 SF warehouse and 45,987 SF office/lab space.
    • Clear height of 22’ to 25’ with 11 dock‑high doors plus 1 drive‑in loading door.
    • Power and gas services include municipal water, municipal wastewater to MSD, and natural gas via Enbridge 5PSI system.
    • Electrical service includes two separate Duke Energy connections with pad‑mount transformers: 1x 1800A and 1x 4000A feeding an interior Square D bus distribution.
    • Fire and life‑safety systems include 7 risers (150 PSI wet system), FM 200/Halon system, and Simplex 4100 fire alarm monitoring; also includes 150KW Cummins backup generator.

    Overview

    This for-sale manufacturing and warehouse facility includes a warehouse component of 244,911 SF and office/lab space of 45,987 SF within a total building size of 290,898 SF. Clear heights range from 22’ to 25’, with 11 dock-high doors plus one drive-in door. The property is supported by multiple site and building systems, including chilled water cooling with 40-ton Trane and 50-ton York units, heat pumps for office spaces, and rooftop AC units (31 Trane units and 5 Carrier units). Compressed air infrastructure is in place with two 100hp and one 50hp VSD Sullair compressors, along with systems including nitrogen and gas heaters. Electrical service features two separate Duke Energy power connections via pad-mount transformers, with distribution through square D bus systems and 480V 3PH power. Fire protection includes wet system suppression with 7 risers at 150 PSI, an FM 200 Halon system, and a Simplex 4100 fire alarm monitoring setup. A passenger elevator is located on the north end to the second floor, and a 150KW Cummins backup generator supports an IT server room.

    The facility sits on a 40.7-acre total land area, made up of a main parcel (33.47 acres) and a satellite parcel (7.23 acres). Municipal water is provided from the town of Weaverville, and wastewater is routed to MSD. Natural gas is supplied via an Enbridge system, and the electrical setup includes significant capacity and dedicated components feeding HVAC and building systems.

    For tenants, buyers, and operators requiring a manufacturing environment with warehouse capacity, multiple loading points, and engineered utilities such as high-capacity power, chilled water cooling, and compressed air, this property offers an integrated platform. The combination of warehouse, office/lab space, structured fire suppression, and on-site life-safety monitoring can support a range of industrial and technical operations requiring reliable building systems.
    Location Intelligence

    Current Use by Public Records

    Thermo Fisher Scientific Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.577959
    Latitude
    35.685081

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    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing-focused facility with substantial warehouse space, dock-high loading, and robust power, gas, and fire suppression systems.
    Where is this manufacturing property located?
    The property is located at 275 Aiken Rd Asheville, NC.
    What are key features of this property?
    This property features: Manufacturing facility for sale at 275 Aiken Rd, 290,898 SF on 40.7 total acres (33.47 main parcel, 7.23 satellite parcel).; Space breakdown includes 244,911 SF warehouse and 45,987 SF office/lab space.; Clear height of 22’ to 25’ with 11 dock‑high doors plus 1 drive‑in loading door.
    (704) 927-3004
    We can help!
    Listing Contact
    Spencer Yorke
    Spencer Yorke
    Real Estate License ID: 266736
    Learn More
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    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.

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