Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    168 Tunnel Rd Asheville, NC 28805
    Back to Search
    Property profile & analytics

    168 Tunnel Rd, Asheville, NC 28805

    View on Map

    • Strip malls
    • 9,800 SF
    • 0.64 lot acres
    Asheville Retail/Office/Medical Space For Lease
    $3,042/Mo
    1,460 SF

    Asheville Retail/Office/Medical Space

    1460 SF space in high-traffic Asheville corridor.

    168 Tunnel Road, Asheville, NC 28805
    View Listing
    Property ID
    US53-5313576
    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.

    Value Estimations
    $2,445,000
    Cap Rate Potential
    4.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Firehouse Subs Tunnel Rd / Take-out & Catering / Catering Service
    • Octopus Garden Smoke Shop / (Bike/Boat/Book/etc) Store
    • Kltr Kickz / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • OG Vapors / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Wingstop / Restaurant

    Property Details for 168 Tunnel Rd

    Year built
    2016
    Construction
    FRAME
    Lot size
    0.64 lot acres
    Zone code
    DEED DATE: 2022-03-23 DEE
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    9658-07-9815-00000
    APU
    965807981500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2022 $3,282,500 Goldbergbrodtgroup LLC Tencent Land LLC Special Warranty Deed $2.3M · First Bank
    Jun 28, 2021 — Tencent Land LLC — Deed · related $1.5M · First Bank
    Mar 5, 2013 $710,000 Tencent Land LLC First Cmnty Bk Warranty Deed —
    Feb 29, 2012 $750,000 Cmnty Bk E Tn First Roberson,matthew S Trustees Deed · related —
    May 27, 2008 $1,582,500 Windstar Tunnel Road LLC Jgw Holdings LLC Grant Deed $1.3M · First Community Bank East Tn
    Dec 16, 2004 — Jgw Holdings LLC Winkenwerder Associates Warranty Deed $250k · First Citizens Bk
    — — Tencent Land LLC — Deed Of Trust · related $1.4M · Asheville Svgs Bk

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,810,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,285,000
      6.5%
      $2,105,000
      7%
      $1,955,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,587,000
      Market price range: $816k - $3.34M
      AI Estimate
      $1,587,000
      Market price range: $816k - $3.34M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,685,000
      Current use
      RESTAURANT
      $3,675,000
      Change: +118% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,510,000
      Change: +49% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,360,000
      Change: +40% Conversion: Easy
      MEDICAL BUILDING
      $2,210,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $1,975,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $1,890,000
      Change: +12% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5293
    Latitude
    35.5888
    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
    $14,018
    $0.00
    $0.00
    $1,512,400
    -
    $680,000
    $832,400
    $1,512,400

    Property Visit Statistics

    • Visits by month
      7.5k
    • Visitors by month
      5.5k
    • Avg Time on site
      42 min
    View Listing
    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