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Property profile & analytics

1636 Hendersonville Rd Asheville, NC 28803-3197

  • Commercial real estate
  • 82,982 SF
  • 9.65 lot acres
OFF-MARKET
Value Estimations
$14,200,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-1609547
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

  • Walmart Photo Center / (Bike/Boat/Book/etc) Store
  • Coinstar / Bank / Credit Union
  • Asheville Sushi & Hibachi / Restaurant
  • Walmart Garden Center / Garden Center
  • Hue Color Lounge South / Hair Salon / Nail Salon

Property Details for 1636 Hendersonville Rd

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
9.65 lot acres
Property size
82,982 SF
Zone code
DEED DATE: 04/29/1999 DEE
Property type
Commercial real estate
APN
9656-10-2023-00000
APU
965610202300000

Description

This exceptional opportunity presents two retail suites for lease within the Forest Ridge Shopping Center, a thriving 200,000-square-foot retail center in Asheville, North Carolina. The property boasts a prime location on Hendersonville Road, a high-traffic area with 33,000 vehicles passing daily, placing it at one of Asheville's busiest intersections. Suite 115 offers 1,800 square feet of adaptable warm shell retail space, perfect for a variety of businesses. Suite 125, measuring 2,000 square feet, is a turn-key counter-service restaurant space. Existing fixtures, furniture, and equipment (FFE) are included, subject to verification within the lease agreement. The center enjoys a strong tenant mix, including national retailers and local favorites such as Walmart Supercenter, T-Mobile, Sola Salon, and several restaurants. This location benefits from its proximity to Biltmore Forest and is surrounded by a dense residential population, including single-family homes, condos, and apartments, ensuring a robust customer base. The estimated triple net (TICAM) is $2.20 per square foot annually. This property offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and a thriving community. Minimum divisible space is 1,800 square feet, with a maximum contiguous space of 2,000 square feet. The center comprises two total suites. Currently, 3,800 square feet of space is available for lease.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $14,199,000
    Market price range: $14.2M - $35.8M
    AI Estimate
    $14,199,000
    Market price range: $14.2M - $35.8M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $21,745,000
    Current use
    AUTO REPAIR, GARAGE
    $21,270,000
    Change: -2% Conversion: Difficult
    MEDICAL BUILDING
    $18,730,000
    Change: -14% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Asheville
County
Buncombe
State
North Carolina
Longitude
-82.5256
Latitude
35.5128
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
$79,189
$0.00
$0.00
$8,543,400
-
$4,378,300
$4,165,100
$8,543,400
More about this property
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