New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Strip malls
142 Airport Rd, Arden, NC 28704-8597
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1791051
Property summary
AI-generated overview
This Arden, NC executive office building, located at 142 Airport Rd, offers 12 suites in a 12,000 square foot, two-story Class B building situated on a 1.04-acre lot. Built in 2006 and renovated in 2015, the property is zoned CI and features 1,200 square feet of immediately available space, divisible into units ranging from 1,200 to 4,800 contiguous square feet. Units boast efficient floor plans, including reception areas, large cubicle spaces, workrooms, and breakrooms. The building offers ample parking and prominent signage on Airport Road for excellent visibility. The property's convenient location is easily accessible from I-26, Exit 40, approximately 1.4 miles north/northeast on Airport Road, at the intersection of Airport Road and Watson Road. The Buncombe County property (APN 9653-08-4401) presents a fantastic opportunity for businesses seeking flexible and functional office space in a desirable location. The available space is ideal for a variety of office configurations.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
24,560 SF
Lot
1.04 ac (45,302 SF)
Zoning code
DEED DATE:05/04/2018 DEED
APN
9653-08-4401-00000
UPID
US53-1791051
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
-
Appalachian Hemp n Hops Spa Spa & Massage Center
-
BOJANGLES OF WNC Restaurant
-
Asheville Gastroenterology: Newcomer Michael K MD Physician
-
Airport Center Office Plaza Business Service Center Corporate Office
-
Asheville Gastroenterology: May David T MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.05M
Owner & transaction history
Joe Fusco LLC · 8 yrs held
Joe Fusco LLC
since 2018
2 recorded transactions
Zoning & alternative use
DEED DATE:05/04/2018 DEED · Arden, 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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10%
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
$83 / 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
$17,606
Tax year 2024
Assessed value
$1,899,400
Assessed 2024
Previous assessed
$1,899,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$679,500
Improvement market value
$1,219,900
Total market value
$1,899,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
24,560 SF
Lot
1.04 ac (45,302 SF)
Zoning code
DEED DATE:05/04/2018 DEED
APN
9653-08-4401-00000
UPID
US53-1791051
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:05/04/2018 DEED · Arden, NC
Zoning DEED DATE:05/04/2018 DEED · permitted uses
DEED DATE:05/04/2018 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Joe Fusco LLC
Entity
Free & Clear · 8 yrs held
Mailing address
140 AIRPORT RD STE O, ARDEN, NC 28704-8333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2018
—
Joe Fusco LLC
Fusco LLC
Quit Claim Deed
—
Mar 22, 2006
$175,000
Fusco LLC
Ferguson,jack Ray
Grant Deed
—
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 142 Airport 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.
