Property profile

12 Simpson St Asheville, NC 28803

OFF-MARKET
Warehouses
2,438 SF Built 1950
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Property summary

AI-generated overview

This 2,438-square-foot industrial property, located at 12 Simpson Street in Asheville, North Carolina, presents a unique opportunity. Situated in the Swannanoa River Industrial submarket, specifically the Koon Industrial Park, this single-tenant building offers versatile space ideal for manufacturing, flex, warehouse, distribution, or R&D uses. Built in 1950, the Class C building features one story, high ceilings, and an expansive open floor plan. Convenient access is provided by two loading docks, two dock-high doors, and two drive-in bays. Ample parking is available with 20 spaces on-site. The property includes all necessary power and is zoned RIVER. Its location offers easy access to major highways and public transportation, placing it within minutes of key transportation arteries. The surrounding area is experiencing significant growth, with an increase in trendy businesses and foot traffic, making this a prime location for a variety of industrial operations. This property is completely vacant and ready for immediate occupancy. The address is 12 Simpson Street, Asheville, NC 28803.

Property profile

Verified
Property type Warehouses
Year built 1950
Total area 2,438 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12 Simpson St Asheville, NC 28803
Asheville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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