Financial
Distress signals
Property profile

168 Tunnel Rd 20 Asheville, NC 28805

FOR SALE
Strip malls
Property ID
US53-5313576
9,800 SF 0.64 ac lot Built 2016
Last sale Mar 2022 · $3,282,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property includes a retail suite of approximately 1,460 square feet located within a strip center completed in 2016. The suite is configured with storefront-facing frontage and provides opportunities for signage, along with shared parking for customers and employees. The interior layout is suitable for a range of commercial uses, including retail, office, medical, salon, wellness, and specialty service operations. The strip center is positioned along Tunnel Road in Asheville, with access to…

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?
$14k
Tax billed · 2024
Assessed value$1.51M
Effective rate0.93%

Value estimate

· Sep 2026
$2.81M
$2.53M – $3.09M
CAP approach$2.11M
Submarket $/SF estimate$1.59M
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$422
Operating expenses−$7k
NOI · 562.75% cap applied$17k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
County average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$83 – $341

Cap rate analysis

How does the asset earn?
562.75%
$17k 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: 2022-03-23 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 Firm16.4
Building Supply14.2
HVAC Service12.0

Location

168 Tunnel Rd, Unit 20 Asheville, NC 28805
County assessor Recorded deeds · 7 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
150 Bleachery, Asheville, NC 28805-8209 $21,723,500 Mar 2025 24,064 SF
10 Peaks Ctr, Asheville, NC 28805-0056 $5,880,000 Jun 2023 8,708 SF
15 Peaks Ctr, Asheville, NC 28805-0093 $8,000,000 Jan 2020 8,535 SF
40 Peaks Ctr, Asheville, NC 28805-0056 $8,000,000 Jan 2020 4,381 SF
1269 Tunl, Asheville, NC 28805-5100 $1,450,000 Nov 2019 6,978 SF
105 Riv Hls, Asheville, NC 28805-2546 $20,120,000 Nov 2018 103,527 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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