Main-Level Office
1 Hansel Avenue, Asheville, NC 28806
For Sale
Contact for pricing
Highway Business zoning supports a range of commercial, retail, office, and service uses.
Property Size1,976 SF
Price / SF$0.01
Days on Market21
Property Features for 1 Hansel Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Floor
Property Use
Amenities
Corner Lot, Level
Metal
Public Sewer
Additional parcels description:, Parcel Number: 9638-48-9583-00000, Assessed Value: $912,900
Carpet, Tile
Heat Pump
Listing ID: CAR4436828, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 2 days on market
Parking Lot
Built in 1976, Living area: 3027, 1 building, Construction Materials: Stone
County/Parish: Buncombe
Elevation: 2000
5 total bathrooms
Cable Connected, Electricity Connected, Fiber Optics, Water Source: City
Slab
All Utilities
Frontage Type: City Street, Interstate 1 mile or Less, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Exterior Curb Cuts, Handicap Parking, No Interior Steps
Building Details
Building Size
Year Built
Listing Agency:
Likewise Commercial Real Estate
(828) 222-3685
Listed By:
Debbie Lane · License NC #122957
(828) 230-5263
Source:
Blackstreaminternational
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 10 at 7:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Likewise Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This main-level commercial space contains 3,027 square feet and dates to 1976. Its Highway Business (HB) zoning accommodates commercial, retail, office, and service-oriented uses.
At 1 Hansel Avenue in Asheville, the property sits just off Patton Avenue, near Sam’s Club and Regent Park Shopping Center. I-240 is approximately 1 mile away, and I-26 is approximately 2 miles away, with access to I-40 through the regional interstate network.
At 1 Hansel Avenue in Asheville, the property sits just off Patton Avenue, near Sam’s Club and Regent Park Shopping Center. I-240 is approximately 1 mile away, and I-26 is approximately 2 miles away, with access to I-40 through the regional interstate network.
Key Highlights
- 3,027‑square‑foot main‑level commercial space
- Highway Business (HB) zoning
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,161
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,220
$1.1M
Cap Rate 7%
$802,300
$802.3K
Cap Rate 9%
$624,011
$624.0K
Market Conditions
NOI Build-Up for 3,027 SF
Gross rent
$76.6K $25.32/SF
− Vacancy
−$1.8K −$0.58/SF
EGI
$74.9K $24.74/SF
− OpEx
−$18.7K −$6.18/SF
NOI
$56.2K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,220
Cap Rate 7%
$802,300
Cap Rate 9%
$624,011
Alternative Uses
Best Use
Office B
$802.3K
$702.0K – $936.0K
NOI $56,161 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$957.2K
$837.5K – $1.12M
NOI $67,002 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Asheville, NC
Properties on Market for Office Units in Asheville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Highway Business zoning supports a range of commercial, retail, office, and service uses.
Where is this office unit located?
The property is located at 1 Hansel Avenue Asheville, NC.
What are key features of this property?
This property features: 3,027‑square‑foot main‑level commercial space; Highway Business (HB) zoning; Built in 1976
