Entity Owned 
For Sale
1 / 6
$2,400,000
99999 Airport Rd, Arden, NC 28704
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Property summary
AI-generated overview
The property is a 7.57-acre vacant land site located in a cul-de-sac setting, with adjacency to retail uses including an Aldi and a Bojangles. To the east, it is near Sweetgrass Apartments, a 248-unit residential development. The site is positioned within the Airport Road district and is described as being close to Asheville Regional Airport and the I-26 interchange. Land features include topography that supports tiered, multi-use development, and nearby uses include flex and light warehouse uses off Loop Road to the west. The surrounding area includes a mix of national quick-service restaurants, big-box retailers, strip retail, hotels, and—west of the airport—brand retailers and industrial, warehouse, and distribution users.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
15.48 ac (674,309 SF)
Zoning code
DEED DATE:05/20/2004 DEED
APN
9643-86-8630-00000
UPID
US53-0799440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
DEED DATE:05/20/2004 DEED · Arden, NC
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
Lot area
15.48 ac
APN
9643-86-8630-00000
Zoning
DEED DATE:05/20/2004 DEED
Assessed value
$3,517,700
Annual tax
$21,655
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$182
N/A
Submarket 23 sales
$182
N/A
County 304 sales
$223
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.52M
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$222k
$4.43M
$3.17M
$2.46M
$246k
$4.92M
$3.52M
$2.74M
$271k
$5.42M
$3.87M
$3.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,655
Tax year 2024
Assessed value
$3,517,700
Assessed 2024
Previous assessed
$3,517,700
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$3,517,700
Total market value
$3,517,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
15.48 ac (674,309 SF)
Zoning code
DEED DATE:05/20/2004 DEED
APN
9643-86-8630-00000
UPID
US53-0799440
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:05/20/2004 DEED · Arden, NCZoning DEED DATE:05/20/2004 DEED · permitted uses
DEED DATE:05/20/2004 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Lot
15.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DEED DATE:05/20/2004 DEED
Jurisdiction
Arden, NC
Recorded code
DEED DATE:05/20/2004 DEED
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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