Financial
Distress signals
Property profile

860 Riverside Dr Asheville, NC 28804

FOR LEASE
Other warehouses
Property ID
US53-1278778
7,751 SF 1.46 ac lot Built 1955
Last sale Sep 2021 · $1,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A brick warehouse property on a fenced site includes an approximately 6,000-square-foot primary building, additional storage structures, and features a newly replaced roof. The site is positioned alongside a railroad spur with minimal setbacks, providing direct logistical access characteristics. Located at 860 Riverside Dr in Asheville’s North River Arts District, the property is within the Woodfin Zoning District and has existing improvements suited to warehouse, storage, and other commercial use potential as identified for the site.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$578k
Effective rate1.11%

Value estimate

· Sep 2026
$1.02M
$914k – $1.12M
CAP approach$1.04M
Submarket $/SF estimate$925k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$126/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$85 – $202

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DEED DATE: 11/30/2004 DEE
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.9
Law Firm20.2
Hair Salon17.2

Location

860 Riverside Dr Asheville, NC 28804
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
905 Riverside, Asheville, NC 28804-3114 $910,000 Oct 2023 7,672 SF
450 Weaverville, Asheville, NC 28804-1121 $1,775,000 Sep 2022 8,031 SF
241 Old Weaverville, Asheville, NC 28804-8733 $1,825,000 Aug 2022 16,304 SF
841 Merrimon, Asheville, NC 28804-2404 $2,500,000 Apr 2021 15,297 SF
458 Weaverville, Asheville, NC 28804-1121 $1,560,500 Dec 2019 9,100 SF
247 Old Weaverville, Asheville, NC 28804-8733 $900,000 Sep 2018 16,294 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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