Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

240 Biltmore Ave Asheville, NC 28801

OFF-MARKET
Auto shops
Property ID
US53-1276654
6,300 SF 0.4 ac lot Built 1956
Last sale Jun 2023 · $1,375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 6,300-square-foot free-standing retail building boasts a highly visible location on Biltmore Avenue in the heart of downtown Asheville, Buncombe County. Previously used as an auto-service center, the property offers a flexible layout ideal for a variety of commercial uses. The building features four large roll-up garage doors, a welcoming lobby/reception area, a private office, ample storage space, and three restrooms. On-site parking is a significant advantage, complemented…

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.

Debts

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?
$6k
Tax billed · 2024
Assessed value$582k
Effective rate1.03%

Value estimate

· Oct 2026
$1.15M
$1.04M – $1.27M
Submarket $/SF estimate$1.06M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$256/SF
Submarket average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$102 – $362
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DEED DATE: 2023-06-16 DEE
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.3
Dry Cleaner9.0
Locksmith9.0

Location

240 Biltmore Ave Asheville, NC 28801-4142
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
45 Southside, Asheville, NC 28801 $2,100,000 May 2025 1,008 SF
248 Biltmore, Asheville, NC 28801-4118 $1,200,000 Sep 2023 8,325 SF
452 Riverside, Asheville, NC 28801-2532 $800,000 Apr 2022 1,496 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 240 Biltmore Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved
Reason not saved — we won't ask again