Property profile

20 Simpson St Asheville, NC 28803

OFF-MARKET
Warehouses
Property ID
US53-0878093
11,212 SF 0.92 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 11,212-square-foot warehouse, located at 20 Simpson Street in Asheville, North Carolina, presents a unique leasing opportunity. Situated on a 0.67-acre lot in Buncombe County (zip code 28803), this single-story, 1950-built building underwent a complete renovation in 2023. The property features a desirable location in Asheville's River District, conveniently nestled between The Asheville Mall, I-240, and Biltmore Village, surrounded by a mix of commercial and retail businesses. The warehouse boasts 9 loading docks, including 9 dock-high doors and one drive-in dock, providing ample access for loading and unloading. There are 25+ parking spaces available. The interior offers a 12-foot ceiling height and a flexible layout including a reception/retail/break room area connected to a large, open floor plan warehouse space. The property is zoned for industrial use and includes 3-phase electric service. While currently a shell space without HVAC, the building can be upfitted to meet specific tenant requirements. The recent greenway expansion along Swannanoa River Road enhances walkability and potential customer traffic. The property is also near Target and the Regeneration Station.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,212 SF
Lot 0.92 ac (40,075 SF)
Zoning code DEED DATE: 2021-12-17 DEE
APN 9658-22-4636-00000
UPID US53-0878093

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Mill
  • Car Dealership

Location

20 Simpson St Asheville, NC 28803-1410
Asheville metro Census 2000 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2021
Last sale
$390,000
2 recorded transactions
2024
Price N/A
2021
$390,000

Zoning & alternative use

DEED DATE: 2021-12-17 DEE · Asheville, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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