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    800 Brevard Rd Asheville, NC 28806-2251

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    Property profile & analytics

    800 Brevard Rd Asheville, NC 28806-2251

    View on Map
    • Super regional malls
    • 4,224 SF
    • 45.56 lot acres
    Off-Market
    Last Sale Nov 14, 2023
    $70,000,000
    Property ID
    US53-0710400
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kay Outlet / (Bike/Boat/Book/etc) Store
    • Dillard's Clearance Center / Department Store
    • Under Armour Factory House / Clothing Store / Shoe Store
    • vineyard vines Outlet / Clothing & Fashion Store
    • Abercrombie & Fitch / Clothing Store / Jeans Shop

    Property Details for 800 Brevard Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    45.56 lot acres
    Property size
    4,224 SF
    Zone code
    DEED DATE: 2023-11-14 DEE
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    9626-87-2046-00000
    APU
    962687204600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.603
    Latitude
    35.5294
    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
    $454,055
    $0.00
    $0.00
    $48,986,400
    -
    $12,899,900
    $36,086,500
    $48,986,400

    Comparable in this City

    • Value Estimation
      $6,755,000
      81,108 SF

      800 Brevard Rd, Unit 500

      REGIONAL SHOPPING CENTER, MALL • 81,108 SF
      800 Brevard Rd, Asheville, NC 28806-2251
      View Details
    • Value Estimation
      $11,185,000
      134,354 SF

      1001 Patton Ave

      SHOPPING CENTER, STRIP CENTER • 134,354 SF
      1001 Patton Ave, Asheville, NC 28806-3622
      View Details
    • Value Estimation
      $2,275,000
      9,000 SF

      929 New Leicester Hwy

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      929 New Leicester Hwy, Asheville, NC 28806-1056
      View Details
    • Value Estimation
      $865,000
      8,960 SF

      325 New Leicester Hwy

      SHOPPING CENTER, STRIP CENTER • 8,960 SF
      325 New Leicester Hwy, Asheville, NC 28806-2020
      View Details
    • Value Estimation
      $2,600,000
      16,803 SF

      1025 Brevard Rd

      SHOPPING CENTER, STRIP CENTER • 16,803 SF
      1025 Brevard Rd, Asheville, NC 28806-8562
      View Details
    • Value Estimation
      $1,580,000
      9,534 SF

      815 Patton Ave

      SHOPPING CENTER, STRIP CENTER • 9,534 SF
      815 Patton Ave, Asheville, NC 28806-3618
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      111,852 SF

      Westgate Shopping Center Retail Asset

      111,852 SF retail asset in Asheville, North Carolina.
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    • $625,000

      Patton Avenue Commercial Building

      Charming office building on Patton Avenue, Asheville, for sale.
      1473 Patton Ave, Asheville, NC 28806
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    • $5,950,000
      2.94 Acres

      Asheville Land Ready for Development

      Prime 2.94-acre corner lot suitable for various commercial uses.
      Brevard Rd, Asheville, NC 28806
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    • $475,000

      West Asheville Commercial Land Opportunity

      Prime commercial land with income potential in Asheville's business district.
      714 Haywood Rd, Asheville, NC 28806
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    • $1,995,000
      4,199 SF

      Prime Patton Avenue Assemblage

      Three combined properties totaling 1.72 acres with redevelopment potential.
      1473 Patton Ave, Asheville, NC 28806
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    • $525,000

      Haywood Road Corner Lot

      Corner lot with parking, leased to auto and taco shops.
      00 Haywood Rd, Asheville, NC 28806
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    Similar Nearby for Lease

    • Contact for pricing

      Asheville Restaurant Space Available

      Former QSR available for lease in Asheville, North Carolina.
      307 Smokey Park Hwy, Asheville, NC 28806
      View Details
    • Contact for pricing

      High-Visibility Commercial Space on Patton

      Highly visible commercial space with flexible zoning and ample parking.
      1048 Patton Ave, Asheville, NC 28806
      View Details
    • Contact for pricing

      Retail Space in Asheville, NC

      Retail space available for rent in Asheville, North Carolina.
      1001 Patton Ave, Asheville, NC 28806
      View Details
    • $24 SF/Yr

      Retail Space in Regent Park

      Retail space available in Regent Park Center near Sam’s Club.
      5 Regent Park Blvd, Asheville, NC 28806
      View Details
    • Contact for pricing

      Retail Space in West Asheville

      Retail space with excellent highway frontage and parking.
      609 Haywood Rd, Asheville, NC 28806
      View Details
    • $9,628 /Mo
      26,136 SF

      Asheville Warehouse and Office Space

      Warehouse and office space in West Asheville with highway business zoning.
      5 Woodland Dr, Asheville, NC 28806
      View Details
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    800 Brevard Rd
    Asheville, NC 28806-2251
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    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
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