Property profile

900 Chapel Rd Asheville, NC 28803

OFF-MARKET
Specialty properties
Property ID
US53-1647989
9,000 SF 0.27 ac lot Built 1996
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,000-square-foot commercial property, situated at 900 West Chapel Road in Asheville, NC, presents a unique investment opportunity. Ideally located just off Hendersonville Road, this building boasts a highly desirable Highway Business zoning designation. The spacious layout is divided equally between two 4,500-square-foot floors, offering significant flexibility for a variety of uses. A key advantage is the walkout lower level, providing convenient drive-around access for loading and unloading, ideal for businesses requiring efficient logistics. The interior is a blank canvas, ready for customization to suit the needs of retail, office, commercial assembly, or light manufacturing tenants. While parking is limited to four spaces in front and additional spaces along the building's side, the strategic location and zoning more than compensate. Constructed of durable steel and concrete, the building possesses a robust structural foundation capable of supporting heavy equipment. The 0.27-acre lot provides ample space for the building and potential future expansion. This property offers a compelling blend of location, versatility, and structural integrity, making it an attractive proposition for discerning investors and businesses seeking a prominent Asheville presence. The asking price is $1,850,000.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1996
Construction STEEL FRAME
Total area 9,000 SF
Lot 0.27 ac (11,761 SF)
Zoning code DEED DATE:07/12/2016 DEED
APN 9647-83-8485-00000
UPID US53-1647989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Kennel & Boarding Facility
  • Kennel & Boarding Facility

Location

900 Chapel Rd Asheville, NC 28803-2844
Asheville metro Census 2000 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$580k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2016
$500,000
2015
$500,000
2008
Price N/A
2006
$519,000
1969
Price N/A

Zoning & alternative use

DEED DATE:07/12/2016 DEED · Asheville, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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