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    Property profile & analytics

    242 Tunl Rd Asheville, NC 28805-1835

    • Strip malls
    • 15,964 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-1120388
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Verizon / Cell Phone Store / Telephone Company
    • Verizon Business Services / Business To Business Service

    Property Details for 242 Tunl Rd

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.71 lot acres
    Property size
    15,964 SF
    Zone code
    DEED DATE: 02/04/2005 DEE
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    9658-16-4759-00000
    APU
    965816475900000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5274
    Latitude
    35.5859
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $38,154
    $0.00
    $0.00
    $4,116,300
    -
    $2,309,100
    $1,807,200
    $4,116,300

    Comparable in this City

    • Value Estimation by Request
      10,580 SF

      90 Tunl Rd

      SHOPPING CENTER, STRIP CENTER • 10,580 SF
      90 Tunl Rd, Asheville, NC 28805-2219
      View Details
    • Value Estimation by Request
      153,820 SF

      80 Tunl Rd

      SHOPPING CENTER, STRIP CENTER • 153,820 SF
      80 Tunl Rd, Asheville, NC 28805-2252
      View Details
    • Value Estimation by Request
      6,654 SF

      1078 Tunl Rd

      SHOPPING CENTER, STRIP CENTER • 6,654 SF
      1078 Tunl Rd, Asheville, NC 28805-2046
      View Details
    • Value Estimation
      $7,435,000
      4,381 SF

      40 Peaks Ctr Ln

      SHOPPING CENTER, STRIP CENTER • 4,381 SF
      40 Peaks Ctr Ln, Asheville, NC 28805-0056
      View Details
    • Value Estimation by Request
      103,527 SF

      105 Riv Hls Rd

      SHOPPING CENTER, STRIP CENTER • 103,527 SF
      105 Riv Hls Rd, Asheville, NC 28805-2546
      View Details
    • Value Estimation by Request
      6,853 SF

      611 Tunl Rd

      SHOPPING CENTER, STRIP CENTER • 6,853 SF
      611 Tunl Rd, Asheville, NC 28805-1992
      View Details

    Similar Nearby for Sale

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      Retail Center in Asheville Area

      Fully leased retail center with high visibility and ample parking.
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    • New
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      8.87-acre residential development opportunity within Asheville city limits.
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    • $2,600,000
      10.90 Acres

      Asheville Apartment Complex Opportunity Zone

      10.9 acre parcel approved for 153-unit apartment complex.
      110 River Hills Rd, Asheville, NC 28805
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    • $795,000
      0.72 Acres

      Asheville Commercial Land - $795K

      .72-Acre Commercial Lot, High Visibility
      1480 Tunnel Rd, Asheville, NC 28805
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    • New
      $615,000
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      Asheville Multifamily with Rental Potential

      Two homes on a corner lot with short-term rental potential.
      75 Cisco Rd, Asheville, NC 28805
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    Similar Nearby for Lease

    • Contact for pricing
      973,371 SF

      Asheville Food Court Opportunity

      Prime Asheville retail space, multiple units available.
      3 Tunnel Rd, Asheville, NC 28805
      View Details
    • Contact for pricing

      Commercial Land Near Downtown Asheville

      Commercial land for rent, 10 minutes from Downtown Asheville.
      40 South Tunnel Rd, Asheville, NC 28805
      View Details
    • Contact for pricing
      8,989 SF

      Retail Space Near Asheville Mall

      Signalized corner location with excellent visibility and access.
      90 S Tunnel Rd, Asheville, NC 28805
      View Details
    • Contact for pricing
      6,808 SF

      Asheville Warehouse with Dock Doors

      6,808 SF warehouse with 18 dock high doors.
      56 Truckers Pl, Asheville, NC 28805
      View Details
    • $775,000

      Prime Commercial Land on US-70

      Flat, accessible 0.72 acre site on US-70 for lease.
      1480 Tunnel Rd, Asheville, NC 28805
      View Details

    Property Visit Statistics

    • Visits by month
      14.4k
    • Visitors by month
      10.5k
    • Avg Time on site
      55 min
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    242 Tunl Rd
    Asheville, NC 28805-1835
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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