Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Airport Rd Arden, NC 28704
    Back to Search
    Property profile & analytics

    Airport Rd Arden, NC 28704

    View on Map
    • Land
    • 7.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Airport Rd

    Lot size
    7.57 lot acres
    Property type
    Land

    Description

    This exceptional 7.57-acre commercial land parcel in Arden, North Carolina, presents a remarkable development opportunity. Located on Airport Road, this property boasts a highly desirable location within blocks of the Asheville Regional Airport and the I-26 interchange, providing unparalleled access to major transportation arteries. The site is situated in a cul-de-sac, adjacent to established businesses including Aldi's and Bojangles, and near the recently constructed Sweetgrass Apartments (248 units). The surrounding area features a diverse mix of national quick-service restaurants, big-box retailers (Lowes, Dick's, Hobby Lobby, Walmart, Target, Ingles, etc.), strip retail centers, hotels, and more. West of the airport, the property is also near Amazon, Sierra Nevada Brewery, and various national industrial, warehouse, and distribution facilities. The property's zoning permits highway commercial use, making it suitable for a variety of developments, including logistics, self-storage, apartments, or mixed-use projects. The topography allows for tiered development to accommodate multiple uses. While water and sewer are nearby, potential buyers should conduct due diligence to confirm availability and capacity. Some site fill may be required

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arden
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5285
    Latitude
    35.4514

    Comparable in this City

    • Value Estimation by Request

      455 Long Shoals Rd

      Land
      455 Long Shoals Rd, Arden, NC 28704
      View Details
    • Value Estimation by Request
      1.00 Acre

      12 Airport Rd

      Land • 1.00 Acre
      12 Airport Rd, Arden, NC 28704
      View Details
    • Value Estimation by Request
      2.00 Acres

      12-14 Airport Rd

      Commercial real estate • 2.00 Acres
      12-14 Airport Rd, Arden, NC 28704
      View Details
    • Value Estimation by Request

      9 Frito Way

      Commercial real estate
      9 Frito Way, Arden, NC 28704
      View Details
    • Value Estimation by Request
      1,500 SF

      4 Celtic Dr, Unit B02

      COMMERCIAL CONDOMINUIM • 1,500 SF
      4 Celtic Dr, Arden, NC 28704-9157
      View Details
    • Value Estimation
      $7,935,000
      69,999 SF

      301 Long Shls Rd

      COMMERCIAL (GENERAL) • 69,999 SF
      301 Long Shls Rd, Arden, NC 28704-7713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Walnut Cove Homesite with Stream

      1.07-acre homesite in Walnut Cove with stream and wellness center.
      99999 Misty Valley Pkwy, Arden, NC 28704
      View Details
    • Contact for pricing

      Premier Estate Lot in Arden

      Estate lot with gentle grade, mountain views, and community amenities.
      1110 Timberbluff Way, Arden, NC 28704
      View Details
    • $264,000
      0.70 Acres

      Arden Land with Mountain Views

      Cleared 0.62-acre lot with mountain views in Arden, NC.
      660 Glenn Bridge Rd, Arden, NC 28704
      View Details
    • $495,000
      4.20 Acres

      Arden, NC Homesite Potential

      4.2 acre site zoned RS-1, allows up to 17 homesites.
      Ball Gap Rd, Arden, NC 28704
      View Details
    • $995,000
      1.95 Acres

      Land Near Glenn Bridge Road

      1.95 acre commercial land with utilities in Arden, NC.
      Glenn Bridge Rd, Arden, NC 28704
      View Details
    • $2,250,000
      5.64 Acres

      Arden Commercial Land For Sale

      5.64 acre commercial land parcel in South Buncombe County.
      99999 Hendersonville Rd, Arden, NC 28704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,182 SF

      Class A Office with Warehouse

      Premier Class A office building with flex and warehouse space.
      2 Trident Dr, Arden, NC 28704
      View Details
    • $4,565 /Mo

      Retail Space in Arden

      Retail space with easy access to amenities and resources.
      141 Glenn Bridge Rd, Arden, NC 28704
      View Details
    • $12 SF/Yr

      Flexible Units in Business Park

      Flexible commercial spaces for lease in active industrial corridor.
      3865 Sweeten Creek Rd, Arden, NC 28704
      View Details
    Request Owner's contact information
    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.
    Airport Rd
    Arden, NC 28704
    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.

    More about this property
    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

    Thank You for Inquiry
    Airport Rd, Arden, NC, 28704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!