Financial
Distress signals
Property profile

220 New Leicester Hwy Asheville, NC 28806

OFF-MARKET
Other commercial real estate
Property ID
US53-2188064
6,130 SF 0.89 ac lot Built 1959
Last sale Feb 2026 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial site covering 0.681 acres and includes a three-level building delivered in a cold, dark shell condition, with space configured for future customization. It is zoned Highway Business (HB), which permits a range of commercial uses such as retail, offices, restaurants, and service-oriented businesses. The site has frontage along New Leicester Hwy and secondary access from Old County Home Rd via the rear, providing access from both front and rear positions. The property

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$2k
Tax billed · 2024
Assessed value$187k
Effective rate0.93%

Value estimate

· Sep 2026
$525k
$473k – $578k
Sales comparison$620k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
ZIP average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$101 – $395
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DEED DATE:06/12/2018 DEED
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.1
HVAC Service9.7
Parking Facility9.7

Location

220 New Leicester Hwy Asheville, NC 28806-2019
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
491 Sardis, Asheville, NC 28806-8506 $3,325,500 Jan 2026 3,300 SF
863 Haywood, Asheville, NC 28806-3135 $712,500 Sep 2024 4,160 SF
202 State, Asheville, NC 28806-4033 $515,000 Dec 2023 2,800 SF
901 Sand Hl, Asheville, NC 28806-1018 $1,700,000 Sep 2023 3,600 SF
173 Amboy, Asheville, NC 28806-4330 $130,000 Mar 2022 6,394 SF
1356 Patton, Asheville, NC 28806 $580,000 Dec 2021 1,808 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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