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    OFF-MARKET
    Warehouses

    329 Gashes Crk Rd, Asheville, NC 28803-9405

    4,446 SF 2.6 ac lot Built 1980
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US53-1661912
    Property summary
    AI-generated overview

    This exceptional 4,877 square foot general commercial warehouse is strategically located in Asheville, NC, at the convergence of I-240, I-40, and Highway 74A, offering unparalleled access to major transportation arteries. Currently utilized for tech equipment manufacturing, this versatile space presents a unique opportunity for a variety of businesses. Situated on a 0.64-acre lot with an additional 1.97 acres available for purchase at a combined price of $2,000,000, this property provides ample room for expansion or future development. The building boasts modern amenities including city water and sewer connections, ensuring seamless operations. The interior is stylish and updated, featuring a comfortable break room, two employee restrooms, and a private owner's bathroom complete with a shower. Efficient heating is provided by a combination of heat pumps, mini-splits, and LP ceiling heat. Loading and unloading are facilitated by two 14-foot and two 12-foot roll-up doors. The entire building is fully insulated, contributing to energy efficiency and a comfortable working environment. This property represents a rare blend of prime location, modern amenities, and significant expansion potential, making it an exceptional investment opportunity in the thriving Asheville market.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1980
    Construction STEEL FRAME
    Total area 4,446 SF
    Lot 2.6 ac (113,256 SF)
    Zoning code DEED DATE:05/25/2023 DEED
    APN 9667-08-9980-00000
    UPID US53-1661912
    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
    Gashes Creek LLC · 1 yrs held
    Gashes Creek LLC
    since 2025
    Last sale
    $1.8M
    2 recorded transactions
    2025
    $1.8M
    2023
    $600,000
    Zoning & alternative use
    DEED DATE:05/25/2023 DEED · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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