Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    144 Caribou Rd Asheville, NC 28803-1521

    • Industrial properties
    • 159,457 SF
    • 11.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0605837
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hopey and Company Wholesale / Wholesaler
    • Horizon Entertainment / Satellite Communication Service
    • 828 Waste / Waste Management Service / Service Establishment
    • Asheville Metal Recycling / Container Service / Junkyard
    • PODS Moving & Storage / Moving Supply Store / Packaging Supply Store

    Property Details for 144 Caribou Rd

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.57 lot acres
    Property size
    159,457 SF
    Zone code
    DEED DATE: 04/25/2008 DEE
    Property type
    Industrial properties
    APN
    9657-26-0671-00000
    APU
    965726067100000

    Description

    This exceptional industrial property, totaling 145,441 square feet, offers a single-tenant warehouse and flex space of 27,000 square feet. Strategically located off I-26 at Exit 51 in Asheville, NC, this facility provides unparalleled convenience and accessibility. The warehouse boasts impressive features including 20 to 22-foot clear ceiling heights, facilitating efficient storage and operations. Loading and unloading are simplified with one 18'x18' loading dock and two drive-in doors (one 18'x18' and one 12'x12'). The property also includes a small office space and restroom, enhancing functionality for daily operations. The building is in excellent condition and offers secure storage. The total land area encompasses 11.57 acres. Parking is negotiable. Lease rates exclude utilities, property expenses, and building services. This plug-and-play space is perfect for businesses seeking a highly functional and conveniently located warehouse solution in the thriving Asheville market. The property's central location and excellent condition make it an ideal choice for a variety of industrial and storage needs. Don't miss this opportunity to secure a prime warehouse space in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5241
    Latitude
    35.558
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,362
    $0.00
    $0.00
    $2,520,400
    -
    $756,000
    $1,764,400
    $2,520,400

    Comparable in this City

    • Value Estimation by Request
      4.50 Acres

      68 Chapel Rd

      LUMBERYARD, BUILDING MATERIALS • 4.50 Acres
      68 Chapel Rd, Asheville, NC 28803-9694
      View Details
    • Value Estimation by Request
      2,918 SF

      35 Mdw Rd

      INDUSTRIAL (GENERAL) • 2,918 SF
      35 Mdw Rd, Asheville, NC 28803-2651
      View Details
    • Value Estimation by Request
      8,866 SF

      75 Thompson St, Unit 200

      INDUSTRIAL (GENERAL) • 8,866 SF
      75 Thompson St, Asheville, NC 28803-3399
      View Details
    • Value Estimation by Request
      15,985 SF

      531 Short Mcdowell St

      INDUSTRIAL (GENERAL) • 15,985 SF
      531 Short Mcdowell St, Asheville, NC 28803-2612
      View Details
    • Value Estimation by Request
      7,645 SF

      5 Sweeten Creek Rd

      Office space • 7,645 SF
      5 Sweeten Creek Rd, Asheville, NC 28803
      View Details
    • Value Estimation by Request
      6,100 SF

      190 Mdw Rd

      INDUSTRIAL (GENERAL) • 6,100 SF
      190 Mdw Rd, Asheville, NC 28803-2615
      View Details

    Similar Nearby for Sale

    • $1,295,000
      9,000 SF

      Versatile Industrial Property Near Biltmore

      Two-level industrial building with loading and high visibility.
      900 W Chapel Rd, Asheville, NC 28803
      View Details
    • $549,900
      1,684 SF

      Asheville Office Condo - Skyland Park

      Turnkey Office Space, South Asheville. High Visibility.
      1998 Hendersonville Rd, Asheville, NC 28803
      View Details
    • $500,000
      2.34 Acres

      Asheville Commercial Property - 2 Acres

      South Asheville Commercial Land w/ Home
      80 Mills Gap Rd, Asheville, NC 28803
      View Details
    • $775,000
      2,130 SF

      Historic Biltmore Village Retail Opportunity

      Corner property in historic Biltmore Village, ready for buildout.
      1 Swan St, Asheville, NC 28803
      View Details
    • $3,600,000
      2 SF

      Biltmore Village Redevelopment Opportunity

      Industrial property for hospitality or mixed-use redevelopment in Biltmore Village.
      9 Reed St, Asheville, NC 28803
      View Details
    • $169,900
      1.59 Acres

      Asheville Homesite on Cul-de-Sac

      Homesite in South Asheville offers privacy and convenience.
      31 Maggies Ln, Asheville, NC 28803
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,000 SF

      Industrial Flex Space with Roll-Up

      3,000 SF flex space with convenient highway access.
      92 Crayton Rd, Asheville, NC 28803
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Hendersonville Road

      Prime retail location in South Asheville with high visibility.
      662 Hendersonville Rd, Asheville, NC 28803
      View Details
    • $30 SF/Yr
      2,166 SF

      Prime Showroom Near Biltmore Estate

      High-visibility showroom space near the Biltmore Estate entrance.
      30 All Souls Cres, Asheville, NC 28803
      View Details
    • $6,635 /Mo
      60,984 SF

      Prime Retail Space Near Biltmore

      End-cap retail space near Biltmore Village and major landmarks.
      190 Hendersonville Rd, Asheville, NC 28803
      View Details
    • $44,800
      143,748 SF

      Asheville Retail/Office/Medical Space For Lease

      1,600 SF suite ideal for retail, office, or medical use.
      1829 Hendersonville Rd, Asheville, NC 28803
      View Details
    • $42 SF/Yr
      1,197 SF

      Retail Space in Biltmore Village

      Prime retail location in high-traffic Biltmore Village near national retailers.
      1 All Souls Cres, Asheville, NC 28803
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    144 Caribou Rd
    Asheville, NC 28803-1521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.