Financial
Distress signals
Property profile

120 Swannanoa Riv Rd Asheville, NC 28805

OFF-MARKET
Other commercial real estate
Property ID
US53-1833437
86,828 SF 8.55 ac lot Built 1974
Last sale Sep 2023 · $6,400,000
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

The property consists of approximately 28.3 acres and includes warehouse and industrial buildings totaling approximately 79,000+ square feet. The buildings have an industrial/warehouse configuration and are part of an established industrial setting. Land-use/zoning designations referenced for the site include approximately 11.59 acres zoned River, approximately 1.1 acre zoned Light Industrial (LI), and approximately 15.61 acres zoned RS-8. Floodways associated with Ross Creek and the Swannanoa

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?
$36k
Tax billed · 2024
Assessed value$3.46M
Effective rate1.03%

Value estimate

· Sep 2026
$5.36M
$4.82M – $5.89M
Sales comparison$10.39M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
Submarket average, outlier-cleaned · 228 recorded sales of this use type
Observed band · Q1–Q3$120 – $409

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: 2023-09-01 DEE
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 Firm12.9
Electrical Service9.2
Laundry Service9.2

Location

120 Swannanoa Riv Rd Asheville, NC 28805-2215
County assessor Recorded deeds · 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
80 Azalea E, Asheville, NC 28805-2701 $250,000 May 2025 67,180 SF
4 Tunl, Asheville, NC 28805-2237 $45,700,000 May 2025 74,438 SF
149 Bleachery, Asheville, NC 28805-8209 $21,723,500 Mar 2025 88,061 SF
1450 Tunl, Asheville, NC 28805-2802 $15,000,000 Jan 2022 61,369 SF
1010 Enclave Piney, Asheville, NC 28805-4400 $1,700,000 Jan 2021 74,326 SF
111 Riv Hls, Asheville, NC 28805-2550 $20,120,000 Nov 2018 43,528 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 120 Swannanoa Riv Rd?
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