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Property summary
This mixed-use property is located directly on Pack Square in Downtown Asheville and includes residential units above and commercial space below. The upper level comprises two 2-bedroom, 2-bath units and one 3-bedroom, 3.5-bath penthouse, each accessed via a private entrance, with design elements that include exposed brick, high ceilings, and large windows that provide city and mountain views; the penthouse includes 25-foot ceilings, a 380-square-foot loft, and a private rooftop terrace… overlooking Pack Square Park. The ground level features two commercial spaces totaling approximately 6,000 square feet, including a 3,000-square-foot street-level restaurant with a full commercial kitchen and a 3,000-square-foot lower-level bar. The building has completed major capital improvements and is configured for mixed-use investment with potential for use as owner-occupied residences and/or leasing, and it is designed in a way that could support a condominium conversion strategy with reselling individual units.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,060 SF
- Lot area
- 0.07 ac
- Year built
- 1917
- Stories
- 4
- APN
- 9649-40-7722-00000
- Zoning
- DEED DATE:04/28/2017 DEED
- Assessed value · 2024
- $2,084,200
- Annual tax · 2024
- $23,360
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $23,360
- Selected cap rate
- Auto Repair, Garage
- Medical Building
- Retail Stores · current use
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Asheville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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