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    Property profile & analytics

    40 Monte Vis Rd Candler, NC 28715-9602

    • Commercial real estate
    • 38,383 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimation
    $9,565,000
    Last Sale
    Oct 05, 2023
    $11,000,000
    Location Intelligence
    Property ID
    US53-2213318
    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

    • Commercial real estate

    Property Details for 40 Monte Vis Rd

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    2.78 lot acres
    Property size
    38,383 SF
    Zone code
    DEED DATE: 2023-10-05 DEE
    Property type
    Commercial real estate
    APN
    9617-67-0938-00000
    APU
    961767093800000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,040,000

    • CAP approach

      CAP return
      Estimation
      6%
      $11,110,000
      6.5%
      $10,565,000
      7%
      $11,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,265,000
      Geo Method
      $9,765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,210,000
      Retail
      $10,665,000
      Mixed-Use
      $11,600,000
      Hospitality
      $11,385,000
      Educational
      $8,905,000
      Residential Income
      $12,500,000
      Energy
      $12,535,000
      Income-Based Land
      $11,550,000
      Food Service
      $9,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Candler
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.6453
    Latitude
    35.5583
    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
    $60,560
    $0.00
    $0.00
    $6,533,600
    -
    $799,200
    $5,734,400
    $6,533,600

    Comparable in this City

    • Value Estimation by Request
      42,030 SF

      145 Jacob Holme Way

      COMMERCIAL (GENERAL) • 42,030 SF
      145 Jacob Holme Way, Candler, NC 28715-0209
      View Details
    • Value Estimation by Request
      0.94 Acres

      1444 Smokey Park Hwy

      COMMERCIAL (GENERAL) • 0.94 Acres
      1444 Smokey Park Hwy, Candler, NC 28715-8237
      View Details
    • Value Estimation by Request
      27,940 SF

      155 Jacob Holme Way

      COMMERCIAL (GENERAL) • 27,940 SF
      155 Jacob Holme Way, Candler, NC 28715-0209
      View Details
    • Value Estimation by Request
      13,924 SF

      1255 Pisgah Hwy

      COMMERCIAL (GENERAL) • 13,924 SF
      1255 Pisgah Hwy, Candler, NC 28715
      View Details
    • Value Estimation by Request
      5,440 SF

      146 Wiggins Rd

      COMMERCIAL (GENERAL) • 5,440 SF
      146 Wiggins Rd, Candler, NC 28715-8802
      View Details
    • Value Estimation
      $205,000
      2,736 SF

      1792 Pisgah Hwy

      COMMERCIAL (GENERAL) • 2,736 SF
      1792 Pisgah Hwy, Candler, NC 28715-7148
      View Details

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    40 Monte Vis Rd
    Candler, NC 28715-9602
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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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