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    Property profile & analytics

    278 Mls Gap Rd Asheville, NC 28803

    • Warehouses
    • 5,400 SF
    • 2.90 lot acres
    OFF-MARKET
    Value Estimation
    $6,320,000
    Last Sale
    Oct 19, 2021
    $7,800,000
    Location Intelligence
    Property ID
    US53-2080406
    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

    • Warehouses

    Property Details for 278 Mls Gap Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    2.90 lot acres
    Property size
    5,400 SF
    Zone code
    DEED DATE:04/03/2019 DEED
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    9655-72-6500-00000
    APU
    965572650000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,135,000
      6.5%
      $7,515,000
      7%
      $8,210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,520,000
      Geo Method
      $8,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,935,000
      Retail
      $7,925,000
      Mixed-Use
      $7,000,000
      Hospitality
      $9,220,000
      Educational
      $6,950,000
      Residential Income
      $9,050,000
      Energy
      $8,780,000
      Income-Based Land
      $7,260,000
      Food Service
      $6,865,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5026
    Latitude
    35.4923
    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
    $10,242
    $0.00
    $0.00
    $1,663,800
    -
    $93,700
    $1,570,100
    $1,663,800

    Comparable in this City

    • Value Estimation by Request
      24,585 SF

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      MINI-WAREHOUSE, STORAGE • 24,585 SF
      35 London Rd, Asheville, NC 28803-2706
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    • Value Estimation by Request
      22,676 SF

      19 Chaparral Dr

      MINI-WAREHOUSE, STORAGE • 22,676 SF
      19 Chaparral Dr, Asheville, NC 28803
      View Details
    • Value Estimation by Request
      15,056 SF

      93 Thompson St

      MINI-WAREHOUSE, STORAGE • 15,056 SF
      93 Thompson St, Asheville, NC 28803-2330
      View Details
    • Value Estimation by Request
      10,223 SF

      31 Glendale Ave

      MINI-WAREHOUSE, STORAGE • 10,223 SF
      31 Glendale Ave, Asheville, NC 28803-1438
      View Details
    • Value Estimation by Request
      7,170 SF

      10 Miller S Rd

      MINI-WAREHOUSE, STORAGE • 7,170 SF
      10 Miller S Rd, Asheville, NC 28803-6604
      View Details
    • Value Estimation by Request
      8,472 SF

      3 Mulvaney St

      MINI-WAREHOUSE, STORAGE • 8,472 SF
      3 Mulvaney St, Asheville, NC 28803-1403
      View Details

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    278 Mls Gap Rd
    Asheville, NC 28803
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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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