Financial
Distress signals
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 professional industrial flex property totaling approximately 400,000 square feet on a 34-acre site in Weaverville, North Carolina, within the Asheville MSA. The complex was originally constructed in 1988 as a single-tenant facility and is currently configured to support a mix of office, warehouse, distribution, and manufacturing uses. The property was renovated in 2022 and includes ample parking and shared common-area amenities. It is positioned with visibility and access to I-26

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

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

Value estimate

· Sep 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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