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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
454 New Leicester Hwy Asheville, NC 28806-2121
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0971706
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1989
Construction
CONCRETE BLOCKS
Total area
1,600 SF
Lot
1.43 ac (62,291 SF)
Zoning code
DEED DATE: 2022-06-02 DEE
APN
9629-16-8324-00000
UPID
US53-0971706
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
Current use
Occupant on record · Public records
-
Peak Energy Fuel Supplier
-
Cooking Oil Recycling Program Recycling Center Waste Management Facility
-
Colonial Oil Industries, Inc. Fuel Supplier Oil Wholesaler
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Colonial Oil Industries INC · 4 yrs held
Colonial Oil Industries INC
since 2022
Last sale
$595,000
1 recorded transaction
Zoning & alternative use
DEED DATE: 2022-06-02 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$410,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$360,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (Jun 2 2022)
Last sale anchor
$595k
Jun 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$372 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,542
Tax year 2024
Assessed value
$542,800
Assessed 2024
Previous assessed
$542,800
+0.0% YoY
Effective rate
0.65%
On assessed value
Land market value
$420,500
Improvement market value
$122,300
Total market value
$542,800
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1989
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
1,600 SF
Lot
1.43 ac (62,291 SF)
Zoning code
DEED DATE: 2022-06-02 DEE
APN
9629-16-8324-00000
UPID
US53-0971706
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-06-02 DEE · Asheville, NC
Zoning DEED DATE: 2022-06-02 DEE · permitted uses
DEED DATE: 2022-06-02 DEE · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$410,000
MEDICAL BUILDING
Est. value
$360,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Colonial Oil Industries INC
Entity
Free & Clear · 4 yrs held
Mailing address
101 N LATHROP AVE, SAVANNAH, GA 31415-1054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$595,000
Colonial Oil Industries INC
Haywood Oil Company Incorporated
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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