New search
Property profile & analytics
OFF-MARKET
Estimated value
$22,285,000
Warehouses
12 Gerber Rd Asheville, NC 28803-2496
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2014837
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1959
Construction
TILT-UP CONCRETE
Total area
327,091 SF
Lot
27.38 ac (1,192,673 SF)
Zoning code
DEED DATE: 07/18/2001 DEE
APN
9655-27-5551-00000
UPID
US53-2014837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carolina Technologies and Consulting, LLC Security Service General Contractor
-
Atlas Roofing Corporation Roofing Company General Contractor
-
Riverbend Malt House Industrial Manufacturer Production Facility
-
Spotless Enterprises Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.76M
Blend (final)
Blend
$22.29M
Owner & transaction history
12 Gerber Road LLC · 5 yrs held
12 Gerber Road LLC
since 2021
Last sale
$20.3M
5 recorded transactions
Zoning & alternative use
DEED DATE: 07/18/2001 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.29M
Range $20.06M – $24.51M · ±10% · vs last sale $20.30M (Jul 7 2021)
Last sale anchor
$20.30M
Jul 7 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$107,723
Tax year 2024
Assessed value
$11,621,900
Assessed 2024
Previous assessed
$11,621,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$2,308,100
Improvement market value
$9,313,800
Total market value
$11,621,900
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
327,091 SF
Lot
27.38 ac (1,192,673 SF)
Zoning code
DEED DATE: 07/18/2001 DEE
APN
9655-27-5551-00000
UPID
US53-2014837
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/18/2001 DEE · Asheville, NC
Zoning DEED DATE: 07/18/2001 DEE · permitted uses
DEED DATE: 07/18/2001 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
27.38 ac
Current owner
From public records · entity-resolved
12 Gerber Road LLC
Entity
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$20,300,000
12 Gerber Road LLC
Robert P Harrison LLC
Special Warranty Deed
$13,487,500 · Webster Bank NA
May 11, 2018
—
Robert P Harrison LLC
—
Deed
related
$350,000 · Capital Bank
Jun 30, 2017
—
Robert P Harrison LLC
—
Deed
related
$9,717,478 · Capital Bank
Apr 6, 2005
—
Robert P Harrison LLC
—
Grant Deed
related
$9,250,000 · Carolina First Bk
Nov 10, 1999
$9,500
Hendersonville Invtr Asheville
Gerber Products Co
Grant Deed
related
$11,675,000 · Heller Fin'l
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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 12 Gerber 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
