Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    512 Kanuga Rd Hendersonville, NC 28739

    • Industrial properties
    • 12,116 SF
    • 0.45 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Last Sale
    Jan 18, 2024
    $1,194,500
    Value Estimations
    $1,195,000
    Cap Rate Potential
    6.2%
    Industrial properties
    Location Intelligence
    Property ID
    US53-1471912
    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

    • Sylvia Chiropractic / Alternative Medicine Practice
    • Hendersonville Aluminum Corporation / Hardware & Home Improvement / Interior Design

    Property Details for 512 Kanuga Rd

    Year built
    1974
    Lot size
    0.45 lot acres
    Property size
    12,116 SF
    Zone code
    114302~C-2
    Property type
    Industrial properties
    APN
    9568751394
    APU
    9568751394

    Description

    This single-tenant property at 512 Kanuga Rd, Hendersonville, NC 28739, offers 12,558 square feet of flexible space ideal for retail, office, or industrial use. The building, constructed in 1974, sits on a 0.45-acre lot and is classified as Class C. Features include one loading dock and one drive-in door. The interior offers 12,116 square feet of vacant space ready for immediate occupancy. The property is zoned C2 and has a single story. Its location offers easy access to downtown Hendersonville and the Ecusta Trail, providing proximity to both urban amenities and outdoor recreation. The surrounding area boasts a thriving environment, with nearby attractions including the Ecusta Trail, which leads to downtown Brevard, offering employees access to a variety of shops and restaurants. The property's lease terms are negotiable, with a potential lease rate of $10-$15 per square foot, NNN. The property's APN is 9568751394. This presents a unique opportunity for businesses seeking a blend of convenience and natural beauty.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,195,000
      ML approach
      $1,195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,017,000
      Market price range: $496k - $1.98M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,495,000
      Current use
      RETAIL STORES
      $1,815,000
      Change: +21% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,605,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.4624
    Latitude
    35.309
    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
    0
    $0.00
    $235,200
    $276,800
    $512,000
    -
    $235,200
    $276,800
    $512,000

    Comparable in this City

    • Value Estimation by Request
      1,674 SF

      Hendersonville, NC 28739

      INDUSTRIAL (GENERAL) • 1,674 SF
      Hendersonville, NC 28739
      View Details
    • Value Estimation
      $745,000
      10,400 SF

      93 Industrial Dr

      INDUSTRIAL (GENERAL) • 10,400 SF
      93 Industrial Dr, Hendersonville, NC 28739-7895
      View Details
    • Value Estimation by Request
      4,576 SF

      284 Summerwind Dr

      INDUSTRIAL (GENERAL) • 4,576 SF
      284 Summerwind Dr, Hendersonville, NC 28739
      View Details
    • Value Estimation by Request
      4,800 SF

      188 Morgan Rd

      INDUSTRIAL (GENERAL) • 4,800 SF
      188 Morgan Rd, Hendersonville, NC 28739-9751
      View Details
    • Value Estimation by Request
      704 SF

      435 Whitted St

      INDUSTRIAL (GENERAL) • 704 SF
      435 Whitted St, Hendersonville, NC 28739
      View Details
    • Value Estimation
      $2,165,000
      23,137 SF

      234 Industrial Dr, Unit 1

      INDUSTRIAL (GENERAL) • 23,137 SF
      234 Industrial Dr, Hendersonville, NC 28739-8729
      View Details

    Similar Nearby for Sale

    • $795,000
      2.81 Acres

      Land in Laurel Park, NC

      2.8 acres of land in Laurel Park, NC for sale.
      1925 Windsor Dr, Hendersonville, NC 28739
      View Details
    • $450,000
      1.40 Acres

      Laurel Park Commercial Land Opportunity

      1.4 acres of land in the heart of Laurel Park.
      1925-B Windsor Dr, Hendersonville, NC 28739
      View Details
    • $450,000
      1.40 Acres

      Laurel Park Land Opportunity

      1.4 acres in Laurel Park with mixed-use zoning.
      1925-A Windsor Dr, Hendersonville, NC 28739
      View Details
    • $144,000
      1.82 Acres

      Land in Nature-Focused Community

      1.82 acre lot near French Broad River.
      Reserve Way, Hendersonville, NC 28739
      View Details
    • Contact for pricing

      Champion Hills Fairway View Lot

      0.65-acre lot in Champion Hills with scenic fairway views.
      101 Chattooga Run, Hendersonville, NC 28739
      View Details
    • $172,000
      1.47 Acres

      Land with Mountain Views

      1.5-acre lot near forests, cleared, ready to build.
      Walnut Valley Ln, Hendersonville, NC 28739
      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.
    512 Kanuga Rd
    Hendersonville, NC 28739
    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

    Google sign-in failed. Please try again or use another login method.