Manufacturing Building with Loading
New
For Sale
$825,000
1100-1104 Montreat Road, Black Mountain, NC 28711
Two-story facility has grandfathered light-manufacturing rights, and the combined offering includes an adjacent residence for renovation.
Property Size9,785 SF
Lot Size1.00 Acre
Price / SF$84.31
Days on Market5
Property Features for 1100-1104 Montreat Road
General Information
Standard status
Active
Size
9,785 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
UR8
Property Condition
Severity
Major Repairs Needed
Evidence
single-family home in need of complete renovation
Additional Details
Tenant in Place
Yes
Property Use
Manufacturing
Building Details
Building Size
9,785 SF
Year Built
1946
Buildings
2
Stories
2
Construction
concrete block
Listing Agency:
EXP Realty LLC
Listed By:
Robin Cape · License #296861
(828) 216-4009
Source:
Geoffcampbell
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
The offering pairs a two-story concrete-block manufacturing building, constructed in 1946, with a neighboring single-family home requiring complete renovation. Ground-level loading is available on both floors, and a wraparound concrete drive supports site access and loading. The building features thick post-and-beam concrete walls, cork insulation between floors, two chain-joist systems, and storage and workspace. A month-to-month subtenant currently occupies space in the building.
The two parcels are being sold together and total approximately one acre. The residence parcel is zoned UR8; the machine-shop parcel also carries UR8 zoning and grandfathered light-manufacturing use rights that may transfer to the next owner. Upfitting will be needed for most new uses.
The two parcels are being sold together and total approximately one acre. The residence parcel is zoned UR8; the machine-shop parcel also carries UR8 zoning and grandfathered light-manufacturing use rights that may transfer to the next owner. Upfitting will be needed for most new uses.
Key Highlights
- 1946 two‑story concrete‑block manufacturing building
- Ground‑level loading access on both floors
- Approximately 1 acre across the two parcels, sold together
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,188
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,760
$1.4M
Cap Rate 7%
$974,114
$974.1K
Cap Rate 9%
$757,644
$757.6K
Market Conditions
NOI Build-Up for 9,785 SF
Gross rent
$99.8K $10.20/SF
− Vacancy
−$2.4K −$0.24/SF
EGI
$97.4K $9.96/SF
− OpEx
−$29.2K −$2.99/SF
NOI
$68.2K $6.97/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,760
Cap Rate 7%
$974,114
Cap Rate 9%
$757,644
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,577 @ 7.0% cap · market cap 12.68%
Second Best
Industrial
$974.1K
$852.4K – $1.14M
NOI $68,188 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,590 @ 7.0% cap · market cap 26.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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Business Placement
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two-story facility has grandfathered light-manufacturing rights, and the combined offering includes an adjacent residence for renovation.
Where is this manufacturing property located?
The property is located at 1100-1104 Montreat Road Black Mountain, NC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1946 two‑story concrete‑block manufacturing building; Ground‑level loading access on both floors; Approximately 1 acre across the two parcels, sold together
