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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Warehouses
241 Old Weaverville Rd, Asheville, NC 28804-8733
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5772176
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Total area
16,304 SF
Lot
1.18 ac (51,401 SF)
Zoning code
DEED DATE: 2022-08-17 DEE
APN
9731-61-1322-00000
UPID
US53-5772176
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
-
Mini Mall Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.87M
Owner & transaction history
Ncu4001ks LP · 3 yrs held
Ncu4001ks LP
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-08-17 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+36.8%
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
$1,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,360,000
6.5%
$2,180,000
7%
$2,025,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,050,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,805,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.83M (Aug 17 2022)
Last sale anchor
$1.83M
Aug 17 2022
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
$115 / 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
$12,098
Tax year 2024
Assessed value
$1,198,900
Assessed 2024
Previous assessed
$1,198,900
+0.0% YoY
Effective rate
1.01%
On assessed value
Land market value
$205,600
Improvement market value
$993,300
Total market value
$1,198,900
Applied tax rate
27.0000
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
2015
Heating
NONE
Stories
1
Total area
16,304 SF
Lot
1.18 ac (51,401 SF)
Zoning code
DEED DATE: 2022-08-17 DEE
APN
9731-61-1322-00000
UPID
US53-5772176
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-08-17 DEE · Asheville, NC
Zoning DEED DATE: 2022-08-17 DEE · permitted uses
DEED DATE: 2022-08-17 DEE · 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
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Heating
NONE
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Ncu4001ks LP
Entity
Free & Clear · 3 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
—
Ncu4001ks LP
—
Deed
related
$270,000,000 · Wells Fargo Bank NA
Dec 30, 2022
—
Ncu4001 Ks LP
—
Deed
related
$55,000,000 · Wells Fargo Bank NA
Aug 17, 2022
$1,825,000
Ncu4001ks LP
1700 LLC
Special Warranty Deed
—
Dec 22, 2021
$1,820,000
1700 LLC
Cedar Storage Center LLC
Warranty Deed
—
Aug 31, 2016
—
Cedar Storage Center LLC
Jrap LLC
Warranty Deed
$110,000 · First Bank
Feb 14, 2014
$180,500
Jrap LLC
C & H Investment Props LLC
Warranty Deed
—
Jan 25, 2005
—
C & H Investment Properties LLC
—
Grant Deed
related
$1,125,000 · Carolina First Bk
Sep 23, 2004
$265,000
C & H Investment Properties LLC
Robinson Trust
Warranty Deed
$260,000 · Robinson Trust (tr)
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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