New search
Property profile & analytics
OFF-MARKET
Estimated value
$28,995,000
Warehouses
2000 Riverside Dr, Asheville, NC 28804-2062
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4036732
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1906
Construction
FRAME
Total area
341,593 SF
Lot
12.49 ac (544,064 SF)
Zoning code
DEED DATE:11/20/2014 DEED
APN
9730-16-1376-00000
UPID
US53-4036732
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
-
Flypaper Music (Bike/Boat/Book/etc) Store
-
Pisgah Productions Event Planning Wedding Service
-
Artful Shelter Party Supply Store Rental Equipment Company
-
SimpleShot Gym & Fitness Center Sports Field & Court
-
Watershed Drybags Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.99M
Blend (final)
Blend
$29.00M
Owner & transaction history
Imc Investments LLC · 11 yrs held
Imc Investments LLC
since 2014
1 recorded transaction
Zoning & alternative use
DEED DATE:11/20/2014 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$42,960,000
Current use
Blend value · Realmo final
$29.00M
Range $26.10M – $31.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$90,029
Tax year 2024
Assessed value
$8,469,800
Assessed 2024
Previous assessed
$8,469,900
0.0% YoY
Effective rate
1.06%
On assessed value
Land market value
$2,312,300
Improvement market value
$6,157,500
Total market value
$8,469,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1906
Construction
FRAME
Heating
NONE
Buildings
3
Stories
2
Total area
341,593 SF
Lot
12.49 ac (544,064 SF)
Zoning code
DEED DATE:11/20/2014 DEED
APN
9730-16-1376-00000
UPID
US53-4036732
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:11/20/2014 DEED · Asheville, NC
Zoning DEED DATE:11/20/2014 DEED · permitted uses
DEED DATE:11/20/2014 DEED · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$43.0M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Construction
FRAME
Heating
NONE
Stories
2
Buildings
3
Lot
12.49 ac
Current owner
From public records · entity-resolved
Imc Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
9 W WALNUT ST STE 3C, ASHEVILLE, NC 28801-2869
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2014
$8,575,000
Imc Investments LLC
Riverside Business Park LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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