Financial
Distress signals
Property profile

22 Stoner Rd Asheville, NC 28803

FOR LEASE
Other warehouses
Property ID
US53-2430140
3,240 SF 0.36 ac lot Built 1978
Last sale Feb 2024 · $275,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a reconstructed flex-space building designed for open commercial use, featuring a custom bar, commercial wash and handwashing sinks, an ADA-compliant restroom, smart bathroom fixtures, and a commercial dishwasher. The interior layout supports dining and bar seating as well as tables and a stage. The construction was rebuilt using commercial-grade flood-resistant materials with engineered construction methods and VRR Plus vinyl-faced insulated wall panels, and it includes…

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?
$1k
Tax billed · 2024
Assessed value$162k
Effective rate0.93%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$734
Operating expenses−$10k
NOI · 29.41% cap applied$19k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$126/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$85 – $202

Cap rate analysis

How does the asset earn?
29.41%
$19k 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:05/27/2020 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 Firm17.0
Electrical Service12.7
HVAC Service11.9

Location

22 Stoner Rd Asheville, NC 28803
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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
329 Gashes Crk, Asheville, NC 28803-9405 $1,750,000 Apr 2025 4,446 SF
24 Heavens Vw, Asheville, NC 28803-9107 $195,000 Jan 2024 2,316 SF
28 Arboretum, Asheville, NC 28803 $450,000 Oct 2023 3,103 SF
50 Glendale, Asheville, NC 28803-1463 $675,000 Jan 2022 4,320 SF
278 Mls Gap, Asheville, NC 28803 $7,800,000 Oct 2021 5,400 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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