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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Warehouses
1276 Hendersonville Rd, Asheville, NC 28803-1905
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1533860
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
11,554 SF
Lot
0.65 ac (28,314 SF)
Zoning code
DEED DATE: 2023-08-31 DEE
APN
9656-05-4119-00000
UPID
US53-1533860
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
-
Potential Sports and Fitness Gym & Fitness Center
-
Asheville Courier Courier Service Postal Service
-
Quality Janitorial Group Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.54M
Owner & transaction history
Presandjon LLC · 2 yrs held
Presandjon LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2023-08-31 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+60.1%
Office building
$2.2M
+53.3%
Neighborhood: shopping center
$2.0M
+36.8%
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
$1,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,455,000
Current use
RETAIL STORES
$2,325,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$2,230,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,990,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.91M (Aug 31 2023)
Last sale anchor
$1.91M
Aug 31 2023
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
$133 / 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
$8,771
Tax year 2024
Assessed value
$946,300
Assessed 2024
Previous assessed
$946,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$455,000
Improvement market value
$491,300
Total market value
$946,300
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
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
11,554 SF
Lot
0.65 ac (28,314 SF)
Zoning code
DEED DATE: 2023-08-31 DEE
APN
9656-05-4119-00000
UPID
US53-1533860
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-08-31 DEE · Asheville, NC
Zoning DEED DATE: 2023-08-31 DEE · permitted uses
DEED DATE: 2023-08-31 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Presandjon LLC
Entity
Mailing address
1276 HENDERSONVILLE RD, ASHEVILLE, NC 28803-1905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$1,910,000
Presandjon LLC
Chunns Cove Partners LLC
Special Warranty Deed
$2,094,667 · First Citizens Bank & Trust Co
Aug 30, 2019
—
Chunns Cove Partners LLC
—
Deed
related
$949,250 · Capital Bk
Nov 7, 2018
$775,000
Chunns Cove Partners LLC
Sisbro Properties LLC
Special Warranty Deed
$785,000 · Capital Bank
Sep 14, 2016
—
Sisbro Properties LLC
—
Deed
related
$600,000 · Bank Of Nc
Apr 18, 2006
—
Sisbro Properties LLC
Gbg Courier INC
Grant Deed
—
—
—
Chunns Cove Partners LLC
—
Loan Modification
related
$949,250 · Capital Bk
—
—
Sisbro Properties
—
Deed Of Trust
related
$676,000 · Suntrust Bank NA
—
—
Sisbro Properties LLC
—
Deed Of Trust
related
$600,000 · Bank Of Nc
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.
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