Property profile

329 Gashes Crk Rd Asheville, NC 28803

OFF-MARKET
Warehouses
Property ID
US53-1661912
4,446 SF 2.6 ac lot Built 1980
Entity Owned 1-yr Hold Free & Clear
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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

Location

329 Gashes Crk Rd Asheville, NC 28803-9405
Asheville metro Census 1900 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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