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Property profile & analytics
FOR SALE
Warehouses
860 Riverside Dr, Asheville, NC 28804
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1278778
For Sale
1 / 9
$1,995,000
860 Riverside Dr, Asheville, NC 28804
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
BRICK
Total area
7,751 SF
Lot
1.46 ac (63,598 SF)
Zoning code
DEED DATE: 11/30/2004 DEE
APN
9639-78-5610-00000
UPID
US53-1278778
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
-
Sports Touch Alternative Medicine Practice Spa & Massage Center
-
Romero Marble & Granite Kitchen & Bath Showroom Interior Design
-
romeromarble&granite.com Renovation Specialist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$975k
Owner & transaction history
Mm 860 LLC · 4 yrs held
Mm 860 LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
DEED DATE: 11/30/2004 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+60.1%
Office building
$1.5M
+53.3%
Neighborhood: shopping center
$1.3M
+36.8%
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
$1,015,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$975,000
Current use
RETAIL STORES
$1,560,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$1,495,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $1.35M (Sep 3 2021)
Last sale anchor
$1.35M
Sep 3 2021
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
$126 / 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
$6,415
Tax year 2024
Assessed value
$578,200
Assessed 2024
Previous assessed
$578,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$257,600
Improvement market value
$320,600
Total market value
$578,200
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1955
Construction
BRICK
Heating
NONE
Buildings
2
Stories
2
Total area
7,751 SF
Lot
1.46 ac (63,598 SF)
Zoning code
DEED DATE: 11/30/2004 DEE
APN
9639-78-5610-00000
UPID
US53-1278778
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/30/2004 DEE · Asheville, NC
Zoning DEED DATE: 11/30/2004 DEE · permitted uses
DEED DATE: 11/30/2004 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
WAREHOUSE, STORAGE Current
Est. value
$975,000
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Construction
BRICK
Heating
NONE
Stories
2
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Mm 860 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
27 FRANKIE LN, ASHEVILLE, NC 28804-8606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Mm 860 LLC
—
Deed
related
$230,000 · New Vision Tr Co Cfbo Jack Stelnhillber
Sep 3, 2021
$1,350,000
Mm 860 LLC
D K M Internatinational INC
Warranty Deed
—
Nov 30, 2004
$550,000
Dkm International INC
Greenes Salvage & Discount Bu
Warranty Deed
$300,000 · Macon Bk
—
—
D,k M International INC
—
Deed Of Trust
related
$120,000 · Asheville Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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