Financial
Distress signals
Property profile

29 Ravenscroft Dr Asheville, NC 28801

FOR LEASE
Office buildings
Property ID
US53-0759415
11,486 SF 0.69 ac lot Built 1840
Last sale May 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located in the South Slope district, 29 Ravenscroft Drive is a historically recognized early 20th-century multi-tenant office building with functional office layouts suited to professional, legal, wellness, or creative uses. The property includes parking for tenants and visitors and is walkable to local amenities. Building amenities include central air conditioning, an elevator, and a furnished common area/lobby, and it has a diversified tenant mix. Utilities are provided with the exception of Wi-Fi.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$8k
Tax billed · 2024
Assessed value$1.35M
Effective rate0.56%

Value estimate

· Sep 2026
$1.12M
$1.00M – $1.23M
Sales comparison$1.55M
NOI build-up
Gross scheduled income$291k
Vacancy & credit loss−$7k
Operating expenses−$71k
NOI · 3,115.53% cap applied$213k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$185/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$93 – $278

Cap rate analysis

How does the asset earn?
3,115.53%
$213k 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:05/26/2022 DEED
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 Service9.4
Dry Cleaner9.0
Pet Grooming Service8.3

Location

29 Ravenscroft Dr Asheville, NC 28801
County assessor Recorded deeds · 2 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
53 Market, Asheville, NC 28801-2952 $1,280,000 Jan 2025 12,400 SF
306 Haywood, Asheville, NC 28801-3105 $1,456,000 Dec 2024 11,177 SF
47 College, Asheville, NC 28801-2819 $3,000,000 Nov 2023 12,522 SF
86 Asheland, Asheville, NC 28801-4044 $4,800,000 Sep 2022 12,910 SF
141 Asheland, Asheville, NC 28801-4047 $2,510,000 Aug 2022 12,804 SF
5 Ravenscroft, Asheville, NC 28801-3679 $2,000,000 Jul 2022 12,864 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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