Realmo Analytics

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Property profile

1048 Patton Ave Asheville, NC 28806

OFF-MARKET
Strip malls
Property ID
US53-1819785
6,250 SF 0.39 ac lot Built 1958
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a highly visible end-cap commercial building located on a major corridor connecting West Asheville and Downtown, with approximately 124 feet of road frontage on Patton Avenue and convenient access via multiple curb cuts. It sits on a 0.39+/- acre parcel that includes parking and a 6,352 square foot building featuring glass display windows, substantial storage space, and four roll-up doors. The property is zoned for Highway Business District uses, supporting a range of commercial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$361k
Effective rate0.93%

Value estimate

· Oct 2026
$605k
$545k – $666k
Submarket $/SF estimate$520k

Realmo valuation models over county records and 4 qualifying comparable sales.

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
Qualifying comparables4

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: 01/13/1986 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 Firm29.4
Dental Office26.1
Building Supply22.9

Location

1048 Patton Ave Asheville, NC 28806-3639
County assessor Recorded deeds · not on file 4 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
800 Brevard, Asheville, NC 28806-2251 $70,000,000 Nov 2023 4,224 SF
325 New Leicester, Asheville, NC 28806-2020 $1,000,000 Aug 2023 8,960 SF
1141 Patton Ave, Asheville, NC 28806-2745 $472,000 Sep 2021 No data
28 New Leicester, Asheville, NC 28806-2726 $605,000 Jan 2021 8,670 SF
1001 Patton, Asheville, NC 28806-3622 $8,500,000 Jul 2019 134,354 SF
996 Patton, Asheville, NC 28806-3661 $1,275,000 Mar 2019 5,864 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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