Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19 Biltmore Ave Asheville, NC 28801-3603
    Back to Search
    Property profile & analytics

    19 Biltmore Ave, Asheville, NC 28801-3603

    View on Map
    • Retail space
    • 15,141 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US53-1349189
    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
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ariel Gallery / Art Gallery
    • Vrooman Designs / (Bike/Boat/Book/etc) Store
    • Gallery COR / Art Gallery

    Property Details for 19 Biltmore Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Zone code
    DEED DATE:01/02/2018 DEED
    Property type
    Retail space
    APN
    9648-49-2995-00000
    APU
    964849299500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 19, 2018 $750,000 Canesian Theory Holdings LLC Public Interest Properties LLC Grant Deed · related —
    Jan 2, 2018 — M2avl INC Public Interest Projects INC Warranty Deed · related —
    — — Public Interest Projects INC — Deed Of Trust · related $1.4M · Forest Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,352,000
      Market price range: $2.27M - $4.34M
      AI Estimate
      $2,352,000
      Market price range: $2.27M - $4.34M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,845,000
      Current use
      COMMERCIAL (GENERAL)
      $3,890,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,880,000
      Change: +36% Conversion: Difficult
      MEDICAL BUILDING
      $3,415,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $2,805,000
      Change: -1% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,605,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5518
    Latitude
    35.5939
    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
    $26,222
    $0.00
    $0.00
    $2,339,600
    -
    $947,400
    $1,392,200
    $2,339,600

    Comparable in this City

    • Value Estimation
      $1,370,000
      9,126 SF

      175 Patton Ave

      RETAIL STORES (PERSONAL SERVICES)
      175 Patton Ave, Asheville, NC 28801-2625
      View Details
    • Value Estimation by Request
      875 SF

      90 Merrimon Ave

      RETAIL STORES (PERSONAL SERVICES)
      90 Merrimon Ave, Asheville, NC 28801-2323
      View Details
    • Value Estimation by Request
      1,288 SF

      99 Broadway St

      RETAIL STORES (PERSONAL SERVICES)
      99 Broadway St, Asheville, NC 28801-2918
      View Details
    • Value Estimation
      $2,695,000
      13,419 SF

      15 Haywood St

      RETAIL STORES (PERSONAL SERVICES)
      15 Haywood St, Asheville, NC 28801-2808
      View Details
    • Value Estimation by Request
      2,256 SF

      41 Carolina Ln

      RETAIL STORES (PERSONAL SERVICES)
      41 Carolina Ln, Asheville, NC 28801-2806
      View Details
    • Value Estimation
      $1,410,000
      8,385 SF

      27 Biltmore Ave

      RETAIL STORES (PERSONAL SERVICES)
      27 Biltmore Ave, Asheville, NC 28801-3603
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,773 SF

      Freestanding Staples Asset For Sale

      Single-tenant Staples asset with corporate lease in Asheville, NC.
      65 Merrimon Ave, Asheville, NC 28801
      View Details
    • Contact for pricing

      Downtown Asheville Mixed-Use Property

      5,968 SF mixed-use property in the heart of downtown Asheville.
      43 Broadway St, Asheville, NC 28801
      View Details
    • Contact for pricing

      Prime Retail Space in Asheville

      Retail space in the heart of Asheville's River Arts District.
      37 Paynes Way, Asheville, NC 28801
      View Details
    • $3,500,000
      0.12 Acres

      Historic Mixed-Use Asset, Asheville, NC

      Fully leased, updated mixed-use property in downtown Asheville.
      9-13 Broadway St, Asheville, NC 28801
      View Details
    • Contact for pricing
      1,648 SF

      Downtown Asheville Corner Retail Building

      Prime downtown location with high visibility and development potential.
      79 Asheland Ave, Asheville, NC 28801
      View Details

    Similar Nearby for Lease

    • $2,123 /Mo
      24,394 SF

      Broadway Corridor Commercial Space

      Mixed-use space near downtown Asheville and Historic Montford Community.
      257 Broadway St, Asheville, NC 28801
      View Details
    • Contact for pricing

      Mixed-Use Building in River Arts

      Mixed-use property with apartments, office, and retail spaces available.
      20 Artful Way, Asheville, NC 28801
      View Details
    • Contact for pricing

      Downtown Asheville Mixed-Use Complex

      Class-A mixed-use complex in downtown Asheville with retail, restaurant, office.
      1 Page Ave, Asheville, NC 28801
      View Details
    • Contact for pricing

      Street-Level Retail Space in Asheville

      High-profile retail space in a prime Asheville location.
      363 Hilliard Ave, Asheville, NC 28801
      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.
    19 Biltmore Ave
    Asheville, NC 28801-3603
    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

    Thank You for Inquiry
    19 Biltmore Ave, Asheville, NC, 28801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!