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    1 Page Ave Asheville, NC 28801

    • Commercial real estate
    • 250,000 SF
    For Lease
    View listing
    $33 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US53-1446131
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mission At the Grove / Furniture Store / Gift Shop
    • Art Jetty, LLC / Arts Organization
    • Baba Nahm - Middle Eastern Street Food / Middle Eastern Restaurant / Fast Food Restaurant
    • Grove Arcade / Apartment Building / Historical Place Museum
    • Asheville Proper / Restaurant

    Property Details for 1 Page Ave

    Year built
    1927
    Property size
    250,000 SF
    Property type
    Commercial real estate

    Description

    This prestigious Class A, mixed-use property, the Grove Arcade, offers exceptional executive office suites in the heart of downtown Asheville, NC. Located at 1 Page Ave, this landmark building boasts 250,000 square feet and features a blend of retail, restaurant, and office spaces. Currently, 1,025 square feet of office space is available, divisible into units ranging from 491 to 534 contiguous square feet. Built in 1927 and renovated in 2003, the property sits on a 1.55-acre lot within the CBD zoning district of Buncombe County. The Grove Arcade benefits from a Walk Score of 92, providing unparalleled accessibility and high foot traffic, particularly advantageous for retail and restaurant tenants. On-site amenities include security and parking, while office tenants enjoy prominent signage and numerous building amenities. The property's marketing team actively promotes tourism, maximizing exposure for all tenants. This is an unparalleled opportunity to secure prime office space in one of Asheville's most desirable locations.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5566249
    Latitude
    35.5956462

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    Property Visit Statistics

    • Visits by month
      24.3k
    • Visitors by month
      9.1k
    • Avg Time on site
      359 min
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    1 Page Ave
    Asheville, NC 28801
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    Realmo Value Estimation

    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.

    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
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