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Property profile

108 Monticello Rd Weaverville, NC 28787

FOR LEASE
Other industrial properties
Property ID
US53-4747652
411,293 SF 34.02 ac lot Built 1984
Last sale Jul 2021 · $14,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Park 108 is a 400,000-square-foot professional industrial flex complex located on 34 acres in Weaverville, North Carolina, within the Asheville MSA. The property was originally constructed in 1988 as a single-tenant facility and underwent renovations in 2022. It is configured to support a mix of office, warehouse, distribution, and manufacturing uses, with abundant parking and shared common area amenities. The complex has visibility from I-26 and US Hwy 25N/70W and is positioned off I-26 for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$93k
Tax billed · 2024
Assessed value$10.67M
Effective rate0.87%

Value estimate

· Nov 2026
$11.11M
$9.99M – $12.22M
NOI build-up
Gross scheduled income$4.08M
Vacancy & credit loss−$98k
Operating expenses−$1.39M
NOI · 43,139,200.00% cap applied$2.59M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
43,139,200.00%
$2.59M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DEED DATE:08/31/2017 DEED
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.5
Dental Office11.6
HVAC Service11.5

Location

108 Monticello Rd Weaverville, NC 28787
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
220 Merrimon, Weaverville, NC 28787-9143 $5,800,000 Jun 2024 113,549 SF
9 Sprouse Town, Weaverville, NC 28787-9516 $2,100,000 Jun 2022 10,800 SF
1 Balcrank, Weaverville, NC 28787-9244 $3,050,000 Sep 2021 135,207 SF
179 Merrimon, Weaverville, NC 28787-9596 $4,800,000 Jul 2021 128,020 SF
70 Reems Crk, Weaverville, NC 28787-9211 $12,250,000 Feb 2021 158,742 SF
179 Reems Crk, Weaverville, NC 28787-8204 $160,000 Jan 2019 22,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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