Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    450 Weaverville Rd Asheville, NC 28804-1121
    Back to Search
    Property profile & analytics

    450 Weaverville Rd, Asheville, NC 28804-1121

    View on Map
    • Truck terminals
    • 8,031 SF
    • 3.04 lot acres
    Off-Market
    Last Sale Sep 19, 2022
    $1,775,000
    Property ID
    US53-3846545
    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.
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck terminals

    Property Details for 450 Weaverville Rd

    Year built
    2015
    Lot size
    3.04 lot acres
    Zone code
    DEED DATE:09/19/2022 DEED
    Property type
    Truck terminals
    APN
    9731-57-5783-00000
    APU
    973157578300000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2022 — Wfm Holdings LLC Wfm Holdings LLC Intrafamily Transfer · related —
    Oct 7, 2021 $1,775,000 Wfm Holdings LLC Aer Property LLC Special Warranty Deed $1.7M · Aer Property LLC
    Oct 6, 2014 — Aer Property LLC Aer LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,520,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,060,000
      COMMERCIAL (GENERAL)
      $1,935,000
      MEDICAL BUILDING
      $1,815,000
      RETAIL STORES
      $1,615,000
      OFFICE BUILDING
      $1,550,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,380,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5845
    Latitude
    35.6693
    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
    $25,554
    $0.00
    $0.00
    $2,476,000
    -
    $1,258,000
    $1,218,000
    $2,476,000

    Comparable in this City

    • Value Estimation by Request
      4,339 SF

      995 Riverside Dr

      TRUCK TERMINAL (MOTOR FREIGHT)
      995 Riverside Dr, Asheville, NC 28804-3135
      View Details
    • Value Estimation by Request
      3,000 SF

      1425 Riverside Dr

      MINI-WAREHOUSE, STORAGE
      1425 Riverside Dr, Asheville, NC 28804
      View Details
    • Value Estimation
      $3,140,000
      12,343 SF

      612 Merrimon Ave

      DISTILLERY, BREWERY, BOTTLING
      612 Merrimon Ave, Asheville, NC 28804-3426
      View Details
    • Value Estimation by Request
      130,638 SF

      950 Riverside Dr

      INDUSTRIAL (GENERAL)
      950 Riverside Dr, Asheville, NC 28804-3115
      View Details
    • Value Estimation
      $28,995,000
      341,593 SF

      2000 Riverside Dr

      MINI-WAREHOUSE, STORAGE
      2000 Riverside Dr, Asheville, NC 28804-2062
      View Details
    • Value Estimation by Request
      14,630 SF

      187 Elk Mtn Rd

      INDUSTRIAL (GENERAL)
      187 Elk Mtn Rd, Asheville, NC 28804-2045
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Brick Building in River Arts

      Brick building in Woodfin zoning district, suitable for commercial uses.
      860 Riverside Dr, Asheville, NC 28804
      View Details
    • Contact for pricing
      290,898 SF

      Industrial Manufacturing and Warehouse Facility

      Manufacturing-focused facility with substantial warehouse space, dock-high loading, and robust power, gas, and fire suppression systems.
      275 Aiken Rd, Asheville, NC 28804
      View Details
    • Contact for pricing
      1,678 SF

      New Construction Starbucks Investment Property

      New construction Starbucks with a corporate 10-year lease.
      474 Weaverville Rd, Asheville, NC 28804
      View Details
    • $825,000

      Modern Duplex with Mountain Views

      Sun-filled duplex with rental income potential near Beaver Lake.
      17 Elkmont Ter, Asheville, NC 28804
      View Details
    • Contact for pricing

      Land Near Downtown Asheville

      Land with mountain views, close to Asheville and UNCA.
      99999 Hickory St, Asheville, NC 28804
      View Details
    • $248,500
      1.74 Acres

      Asheville Mountain View Lot

      Residential land near downtown Asheville and Blue Ridge Parkway.
      Town Mountain Rd, Asheville, NC 28804
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Retail Space on Merrimon Avenue

      Retail space for lease in high-traffic Asheville location.
      660 Merrimon Ave, Asheville, NC 28804
      View Details
    • Contact for pricing

      Retail Suites in Reynolds Village

      Retail spaces available in a mixed-use development in North Asheville.
      41 N Merrimon Ave, Woodfin, NC 28804
      View Details
    • Contact for pricing
      2,395 SF

      Retail Space in Reynolds Village

      Retail suites available in a mixed-use development in North Asheville.
      61 N Merrimon Ave, Asheville, NC 28804
      View Details
    • $3,737 /Mo
      14,810 SF

      Asheville Commercial Space For Lease

      2803 SF office/retail/medical space on Merrimon Avenue.
      573 Merrimon Ave, Asheville, NC 28804
      View Details
    • Contact for pricing

      Mixed-Use Building with Historic Touches

      Mixed-use building with modern restoration and strong tenants.
      853 Merrimon Ave, Asheville, NC 28804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    450 Weaverville Rd
    Asheville, NC 28804-1121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    450 Weaverville Rd, Asheville, NC, 28804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!