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Property profile & analytics
OFF-MARKET
Warehouses

20 Simpson St Asheville, NC 28803-1410

11,212 SF 0.92 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US53-0878093
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hill Top Barn Wood Shop Building Supply Mill
  • Burns Auto Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Beaucatcher Commons LLC · 4 yrs held
Beaucatcher Commons LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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