Property profile & analytics
148 Tunl Rd Asheville, NC 28805-1818
- Breweries
- 6,638 SF
- 0.58 lot acres
OFF-MARKET
Value Estimations
$1,685,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-5653147
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
- America's Best Contacts & Eyeglasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
- The Vitamin Shoppe / (Bike/Boat/Book/etc) Store / Pharmacy
Property Details for 148 Tunl Rd
- Year built
- 2011
- Construction
- BRICK
- Lot size
- 0.58 lot acres
- Property size
- 6,638 SF
- Zone code
- DEED DATE: 05/15/2015 DEE
- Property type
- Breweries
- APN
- 9658-08-8500-00000
- APU
- 965808850000000
Description
This exceptional investment opportunity presents a 6,700 square foot, multi-tenant retail property in Asheville, NC, boasting a strong 8.00% cap rate and a substantial NOI of $237,830. The property, built in 2011 and situated on a 0.58-acre lot, enjoys a prime location on Tunnel Road (17,000 vehicles per day) with convenient access to Interstate 240 (76,000 VPD). Currently 100% occupied by The Vitamin Shoppe and America's Best Contacts & Eyeglasses, both national brands with long operating histories at this location, the property benefits from built-in rent bumps and a remaining lease term of 4.5 years. The Vitamin Shoppe has been at this location since the building's construction, while America's Best recently extended their lease through April 2032. The property's strategic position within the Greenville MSA, surrounded by major shopping centers like Asheville Mall and Innsbruck Mall, and anchored by national retailers such as Whole Foods, TJ Maxx, and Chick-fil-A, ensures high visibility and consistent traffic. The strong demographics, with over 93,409 people and an average household income of $104,199 within a five-mile radius, further solidify this investment's potential. The property also includes a fully leased billboard, generating additional income for the owner. This is a rare opportunity to acquire a high-performing, net-leased retail asset in a thriving market with low vacancy rates (1.3% according to CoStar). The asking price is $2,972,875, representing a compelling price per square foot of $443.71.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,687,000
- AI Estimate
- $1,687,000
Market price range: $724k - $1.69MMarket price range: $724k - $1.69M -
Alternative Use
- Use
- Estimation
- DISTILLERY, BREWERY, BOTTLING
- $1,075,000 Current use
- RESTAURANT
- $2,490,000 Change: +132% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,700,000 Change: +58% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,600,000 Change: +49% Conversion: Difficult
- MEDICAL BUILDING
- $1,500,000 Change: +40% Conversion: Difficult
- RETAIL STORES
- $1,335,000 Change: +24% Conversion: Difficult
- OFFICE BUILDING
- $1,280,000 Change: +19% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,140,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5298
- Latitude
- 35.5905
- 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
$11,966
$0.00
$0.00
$1,291,000
-
$616,300
$674,700
$1,291,000
