Technical
Financial
Distress signals
Property profile

125 Underwood Rd Fletcher, NC 28732

FOR SALE
Industrial properties
Property ID
US53-4672556
4,260 SF 1.11 ac lot Built 1998
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.73-acre parcel presents a remarkable development opportunity in Fletcher, North Carolina. Located just half a mile from Airport Road, this commercially and industrially zoned land (Fletcher C2) offers unparalleled accessibility and visibility. The property is notably flat and cleared, simplifying site preparation and reducing development costs. Access to public utilities is readily available, streamlining the construction process. The expansive lot size allows for a wide range of permitted uses, as detailed in the accompanying brochure. This strategic location benefits from its proximity to Airport Road, a major thoroughfare, ensuring high traffic volume and excellent exposure for any future development. Adding to its appeal, this property directly adjoins a recently acquired 8+ acre parcel by an automotive group, suggesting a growing and dynamic commercial landscape in the immediate vicinity. This presents a unique chance to capitalize on the area's expanding commercial sector and establish a significant presence in a thriving location. The asking price for this exceptional property is $999,000. Detailed zoning information and permitted uses are available upon request. Don't miss this chance to secure a prime piece of Fletcher real estate.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Total area 4,260 SF
Lot 1.11 ac (48,352 SF)
Zoning code 10008244~C-2
APN 9643826559
UPID US53-4672556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility Brewery & Distillery
  • Hotel & Motel Resort

Location

125 Underwood Rd Fletcher, NC 28732
Fletcher metro Census 930600 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2020
Price N/A

Zoning & alternative use

10008244~C-2 · Fletcher, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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