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    Property profile & analytics
    OFF-MARKET Estimated value $910,000
    Specialty properties

    373 Biltmore Ave, Asheville, NC 28801-4503

    3,704 SF 0.21 ac lot Built 1968
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-5814492
    Property summary
    AI-generated overview

    This 3,182 square foot retail building is located at 373 Biltmore Avenue in Asheville, North Carolina, at the signalized intersection of Biltmore Avenue and Choctaw Street. Built in 1968, this single-tenant property sits on a 0.21-acre lot and offers excellent visibility with approximately 19,000 vehicles passing daily. Its prime location is just one mile from downtown Asheville and a half-mile from Mission Hospital, ensuring easy accessibility for both employees and customers. The building features 15 parking spaces and a dock-high loading dock, adding to its convenience. Inside, you'll find six offices, two restrooms, a kitchenette, and two large common meeting rooms, providing ample space for various business needs. The property also boasts a Cat 5 fiber line, 3-phase power service, and an alarm system. Recent improvements include a roof replacement in 2021. The property is zoned INST and has a Buncombe County APN of 9648-45-2666-00000. This versatile space is ideal for a variety of uses, including retail, showroom, professional offices, or medical offices. The building is currently vacant.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Year built 1968
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,704 SF
    Lot 0.21 ac (9,148 SF)
    Zoning code DEED DATE: 09/29/2011 DEE
    APN 9648-45-2666-00000
    UPID US53-5814492
    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
    $910k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $910k
    Owner & transaction history
    Aahk LLC · 1 yrs held
    Aahk LLC
    since 2024
    Last sale
    $910,000
    5 recorded transactions
    2024
    $910,000
    2011
    $500,000
    2011
    $420,000
    2005
    2005
    $527,000
    Zoning & alternative use
    DEED DATE: 09/29/2011 DEE · Asheville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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