Entity Owned Property summary
This exceptional Class A office building, located at 157 S Lexington Avenue in downtown Asheville, NC, offers 4,491 square feet on a 0.92-acre lot. The property boasts seven individual suites ranging in size from 367 to 939 square feet, providing flexibility for various business needs. Currently, four suites are leased, generating a stable income stream. Leases are full-service. Suite A (367 sq ft) leases for $850/month, Suite B1 (479 sq ft) for $1,200/month, Suite B2 (402 sq ft) for… $800/month, and Suite F (939 sq ft) for $2,300/month. Three suites are currently vacant and available for lease: Suite C (523 sq ft) at $1,264/month, Suite D (936 sq ft) at $2,262/month, and Suite E (657 sq ft) at $1,500/month. Suites C, D, and E can be combined to create a larger 2,116 sq ft space, leasing for $5,025/month. The building features hardwood floors, abundant natural light, and access to patio spaces. Shared amenities include two common bathrooms and a kitchen/breakroom. Four parking spaces are available in a lower-level garage. This property presents a compelling investment opportunity with potential for significant rental income and future growth, situated within walking distance of all downtown and South Slope amenities. The asking price is $1,225,000.
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 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
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 · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,491 SF
- Year built
- 2007
- Stories
- 1
- APN
- 9648-48-1742-C0104
- Zoning
- DEED DATE: 07/23/2015 DEE
- Assessed value · 2024
- $762,800
- Annual tax · 2024
- $8,549
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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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