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    Property profile & analytics

    40 Wilmington St Asheville, NC 28806-4227

    • Office Properties & Spaces
    • 651 SF
    • 5.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 08, 2022
    Location Intelligence
    Property ID
    US53-5411446
    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

    • SmartStop Self Storage / Self-Storage Facility / Automobile Storage Facility

    Property Details for 40 Wilmington St

    Year built
    1985
    Construction
    WOOD FRAME
    Lot size
    5.09 lot acres
    Property size
    651 SF
    Zone code
    DEED DATE: 2022-06-08 DEE
    Property type
    Office Properties & Spaces
    APN
    9638-56-2010-00000
    APU
    963856201000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5819
    Latitude
    35.582
    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
    $21,721
    $0.00
    $0.00
    $2,102,500
    -
    $370,300
    $1,732,200
    $2,102,500

    Comparable in this City

    • Value Estimation by Request
      1,897 SF

      1543 Patton Ave

      OFFICE (GENERAL) • 1,897 SF
      1543 Patton Ave, Asheville, NC 28806-1747
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    • Value Estimation by Request
      5,397 SF

      825 Haywood Rd

      OFFICE (GENERAL) • 5,397 SF
      825 Haywood Rd, Asheville, NC 28806-3134
      View Details
    • Value Estimation by Request
      2,591 SF

      575 Haywood Rd

      OFFICE (GENERAL) • 2,591 SF
      575 Haywood Rd, Asheville, NC 28806-3559
      View Details
    • Value Estimation
      $390,000
      2,334 SF

      1483 Patton Ave

      OFFICE (GENERAL) • 2,334 SF
      1483 Patton Ave, Asheville, NC 28806-1746
      View Details
    • Value Estimation
      $7,005,000
      15,750 SF

      44 Bucks Hl Dr

      OFFICE (GENERAL) • 15,750 SF
      44 Bucks Hl Dr, Asheville, NC 28806
      View Details
    • Value Estimation by Request
      2,070 SF

      955 New Leicester Hwy

      OFFICE (GENERAL) • 2,070 SF
      955 New Leicester Hwy, Asheville, NC 28806
      View Details

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    Similar Nearby for Lease

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      93,827 SF

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      Asheville Restaurant Space Available

      Former QSR available for lease in Asheville, North Carolina.
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    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.2k
    • Avg Time on site
      41 min
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    40 Wilmington St
    Asheville, NC 28806-4227
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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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