Entity Owned Property summary
This exceptional investment opportunity presents three fully-leased office condos totaling 6,564 square feet at 53 Asheland Avenue in Asheville, North Carolina. Located in the vibrant South Slope district, this Class B property offers a compelling 7.78% capitalization rate on stabilized net rent. The portfolio comprises three units (102A, 104, and 105) within a single, one-story building, featuring abundant parking and excellent visibility from Asheland Avenue and Grove Street. The property… benefits from a secure, zero-grade entry. Tenants include the North Carolina Mountain Area Workforce Development Board and the Buncombe County Partnership for Children, both considered highly desirable tenants. The North Carolina Mountain Area Workforce Development Board's lease has recently been renewed for 45 years. The Buncombe County Partnership for Children's lease expires September 14, 2026, with one 3-year renewal option. The North Carolina Workforce Development Board's lease expires June 30, 2029, with two 5-year renewal options. The property is zoned CBD and has an asking price of $1,795,000. Annual pass-through expenses total $42,904.42, encompassing property taxes ($10,836.50) and POA/TICAM fees ($32,067.92), which include electricity, gas, water/sewer, trash, nighttime lighting, interior suite janitorial services, CAM, and building insurance. Virtual tours are available for Suites 102A and 104/105. The property's APN numbers are 9648297342C002A, 9648297342C0104, and 9648297342C0105. This is a multi-tenant, NNN lease property.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,005 SF
- Year built
- 1970
- Stories
- 1
- APN
- 9648-29-7342-C002A
- Zoning
- DEED DATE:05/18/2018 DEED
- Assessed value · 2024
- $340,500
- Annual tax · 2024
- $3,816
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Alternative use
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