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    25 Reeds Way Hendersonville, NC 28792

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    Claim this Listing
    For Sale
    Under Contract
    $1,550,000

    COMMERCIAL - Hendersonville, NC

    Lot size:
    1.06 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    155
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for 25 Reeds Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    I
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Window features
    Skylight(s)
    Standard status
    Active Under Contract
    APN
    1016801
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Description
    Plat Slide 9222

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Propane (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2018
    Flooring type
    Concrete, Carpet
    Building materials
    Metal
    Roof type
    Metal

    We can help!

    Listing Contact
    Eric Goodman

    Listing agent Eric Goodman License #70801

    Listing office So. Homes & Land/So. Commercial 303 S. Church St, Hendersonville, NC

    Listing date Dec 2, 2025

    MLS# 4326331

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent condition industrial building in established park
    • Less than 1 mile from I‑26
    • Adjacent land to be developed and occupied by Borg Warner
    • Includes covered loading dock with 2 dock lifts
    • Substantial electrical capacity: 400 Amp / 460 Volt panels, three 120 / 208 panels and busway
    • Features 3 OH doors (1 interior), 4 offices, break room, and 3 baths (1 with shower)

    Overview

    Hendersonville Industrial Property For Sale

    This industrial property is situated in an established park, less than 1 mile from I-26. Adjacent land is slated for development and occupancy by Borg Warner. The building is in excellent condition and includes 400 Amp / 460 Volt electrical panels, three 120 / 208 panels and a busway. It also features 2 air compressors with internal lines, an electric forklift and charger, and a refrigerator. The property contains 3 bathrooms, one of which includes a shower, an entry foyer, 4 offices, and a break room. There are 3 overhead doors, including 1 interior overhead door, and 4 work area sinks. A covered loading dock is equipped with 2 dock lifts. Additional features include a tool storage room and 586 square feet of unfinished storage space above the office area, which requires a stairway for access. The property has an above-ground propane tank leased from Blossman Gas. The lot size is 1.06 acres. The intended use of the property is industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.4081491
    Latitude
    35.3069269

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    FAQs

    What type of property is this?
    Industrial property - Industrial property in established park, less than 1 mile from I-26.
    Where is this industrial property located?
    The property is located at 25 Reeds Way Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Excellent condition industrial building in established park; Less than 1 mile from I‑26; Adjacent land to be developed and occupied by Borg Warner
    (828) 388-1025
    We can help!
    Listing Contact
    Eric Goodman
    Real Estate License ID: 70801
    Learn More
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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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