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Property profile & analytics
OFF-MARKET
Warehouses
278 Mls Gap Rd Asheville, NC 28803
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2080406
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
5,400 SF
Lot
2.9 ac (126,324 SF)
Zoning code
DEED DATE:04/03/2019 DEED
APN
9655-72-6500-00000
UPID
US53-2080406
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Go Store It Asheville II Dst · 4 yrs held
Go Store It Asheville II Dst
since 2021
Last sale
$7.8M
5 recorded transactions
Zoning & alternative use
DEED DATE:04/03/2019 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,242
Tax year 2024
Assessed value
$1,663,800
Assessed 2024
Previous assessed
$1,663,800
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$93,700
Improvement market value
$1,570,100
Total market value
$1,663,800
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2002
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
5,400 SF
Lot
2.9 ac (126,324 SF)
Zoning code
DEED DATE:04/03/2019 DEED
APN
9655-72-6500-00000
UPID
US53-2080406
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:04/03/2019 DEED · Asheville, NC
Zoning DEED DATE:04/03/2019 DEED · permitted uses
DEED DATE:04/03/2019 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.
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
2.9 ac
Current owner
From public records · entity-resolved
Go Store It Asheville II Dst
Individual
Free & Clear · 4 yrs held
Mailing address
6805 CARNEGIE BLVD STE #250, CHARLOTTE, NC 28211-4276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$7,800,000
Go Store It Asheville II Dst
Gsi Mills Gap Rd LLC
Special Warranty Deed
—
Apr 3, 2019
$5,650,000
Gsi Mills Gap Rd LLC
Go Store It Mills Gap LLC
Special Warranty Deed
$3,600,000 · Cogent Bank
Dec 20, 2017
—
Go Store It Mills Gap LLC
South Park Storage LLC
Grant Deed
—
Dec 20, 2017
$3,200,000
Go Store It Mills Gap LLC
South Park Storage LLC
Grant Deed
—
—
—
South Park Storage LLC
—
Deed Of Trust
related
$250,000 · Rbc Centura Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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