Black Mountain Commercial
46 Vance Avenue, Black Mountain, NC 28711
New
SINGLE_FAMILY - Black Mountain, NC
Type:Office
Property size:
1,450 SFLot size:
0.14 AcresPrice / SF:
$327/SF- Added:
- May 20, 2026
- Days on Market:
- 3
- Last Refresh:
- May 22 at 10:06 am
Property Features for 46 Vance Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Property condition
- Under Construction
- Zoning
- NMU
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Driveway
- Window features
- Insulated Windows
- Patio and Porch features
- Porch, Deck
- Appliances
- Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator with Ice Maker
- Standard status
- Active
- APN
- 061924875100000
- Size
- 1,450 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- 6472/1644
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Heat Pump, Ceiling Fan(s), Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- Block, Vinyl
- Roof type
- Shingle
Listing agent Bill Johnson License #191716 (828) 768-8879
Listing office Keller Williams Professionals 48 Grove St, asheville, NC (828) 254-7253
Listing date May 20, 2026
MLS# 4384247
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
- Prime location: Just 500 steps from the center of downtown Black Mountain, offering easy access to shops, restaurants, arts, crafts, and music.
- Dual‑use zoning: Allows for both light commercial use and short‑term rentals (STRs).
- New construction by reputable builder: Built by Dan Friday of Noble Carpentry Inc., known for quality construction and attention to detail, with a 1‑year builder warranty.
- Stunning views: Enjoy 180‑degree year‑round views from the back porch.
- Modern amenities: Includes modern appliances such as a dishwasher, refrigerator with ice maker, electric oven, and microwave.
- Spacious layout: Features 3 bedrooms, 2.5 bathrooms, and over 1450 sq ft of living space with crawlspace storage.
Overview
This property in Black Mountain presents an opportunity for new business ventures, including the land and buildings. The zoning permits light commercial uses such as attorney's offices, accountants, and home businesses, and also allows for short-term rentals. Constructed by Noble Carpentry Inc., the property is known for quality construction and attention to detail, and includes a standard 1-year builder warranty. Situated within 500 steps of downtown Black Mountain, the location offers access to shops, restaurants, arts, crafts, and music. The property includes 3 bedrooms, 2 and 1/2 bathrooms, and over 1450 square feet of space with crawlspace storage. The lot size is 0.14 acres. The back porch offers 180-degree year-round views.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$298.9K
NOI $26,902 @ 9.00% cap · cautious / downside scenario
Moderate
$384.3K
NOI $26,902 @ 7.00% cap · market / base-case scenario
Aggressive
$538.0K
NOI $26,902 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $25.32 |
| − Vacancy | −$844 | −$0.58 |
| EGI | $35.9k | $24.74 |
| − OpEx | −$9.0k | −$6.18 |
| NOI | $26.9k | $18.55 |
1,450 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$384.3K
$336.3K – $448.4K
NOI $26,902 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$201.9K
$176.7K – $235.6K
NOI $14,135 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,096 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Black Mountain
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.3219252
- Latitude
- 35.61346
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Commercial property near downtown Black Mountain with STR potential.
Where is this office units located?
The property is located at 46 Vance Avenue Black Mountain, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime location: Just 500 steps from the center of downtown Black Mountain, offering easy access to shops, restaurants, arts, crafts, and music.; Dual‑use zoning: Allows for both light commercial use and short‑term rentals (STRs).; New construction by reputable builder: Built by Dan Friday of Noble Carpentry Inc., known for quality construction and attention to detail, with a 1‑year builder warranty.
