Property profile & analytics
72 Patton Ave Asheville, NC 28801-3312
- Office buildings
- 14,700 SF
- 0.12 lot acres
OFF-MARKET
Value Estimations
$3,060,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-0652442
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
- Rash Susan T / Law Firm
- Hall Booth Smith, P.C. / Law Firm
- Carson Philip G / Law Firm
Property Details for 72 Patton Ave
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.12 lot acres
- Property size
- 14,700 SF
- Zone code
- DEED DATE:06/30/2017 DEED
- Property type
- Office buildings
- APN
- 9649-30-4192-00000
- APU
- 964930419200000
Description
This exceptional 5,939-square-foot office space, located at 72 Patton Avenue #200 in Asheville, North Carolina, presents a unique opportunity. Situated in the heart of downtown Asheville's Central Business District (CBD), this single-tenant space is within walking distance of acclaimed restaurants, cafes, and shops. Housed in a beautifully preserved 1920s building, recently renovated in 2018, this property boasts a blend of historic charm and modern functionality. The space features 11 spacious private offices, including four executive offices with stunning downtown views. Additional amenities include ample cubicle space for support staff, a file/work room with an adjoining office, an impressive conference room with built-ins and hardwood floors, a smaller conference room, a breakroom with a kitchen, a lounge area, and private restrooms. Access is convenient, with entrances from both Patton Avenue and Commerce Street, and secured elevator access directly to a welcoming reception area with coffered ceilings. The property sits on a 0.12-acre lot and is part of a larger 14,620-square-foot building, two stories high with 9-foot ceilings. Private garage parking is available. The space is easily adaptable, with the potential to subdivide to approximately 4,650 square feet by removing the mezzanine office area. Lease rates are highly competitive and include taxes, insurance, common area maintenance (TICAM), janitorial services, and repairs/maintenance. The property's APN is 9649304192, and it's zoned for CBD use.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,061,000
- AI Estimate
- $3,061,000
Market price range: $1.37M - $4.08MMarket price range: $1.37M - $4.08M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,725,000 Current use
- COMMERCIAL (GENERAL)
- $3,775,000 Change: +39% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,770,000 Change: +38% Conversion: Difficult
- MEDICAL BUILDING
- $3,320,000 Change: +22% Conversion: Easy
- RETAIL STORES
- $2,760,000 Change: +1% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $2,530,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5546
- Latitude
- 35.5943
- 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
$29,864
$0.00
$0.00
$2,664,500
-
$757,900
$1,906,600
$2,664,500
