Brevard Office/Medical Space For
For Sale
$333,000
15 Rosman Hwy, Brevard, NC 28712
1,749 SF office or medical space near downtown Brevard.
Property Size1,749 SF
Price / SF$190.39
Days on Market271
Property Features for 15 Rosman Hwy
General Information
Standard status
Active
Size
1,749 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,749 SF
Listing Agency:
NAI Beverly-Hanks
(828) 365-8855
Listed By:
James Morgan · License #NC #308343
(828) 365-8855
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 10
Last Checked: Aug 19 at 6:30AM
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 NAI Beverly-Hanks
Investment Insights
Based on property information with market context.
This one-story, 1,749 SF office or medical space is available for purchase. The property is located in close proximity to downtown Brevard, North Carolina, on Highway 64. The location has an average annual daily traffic count of approximately 17,000 on Rosman Highway. Nearby businesses and landmarks include Blue Smoke BBQ, Rockin' Bowl bowling alley, Brevard High School, Dollar General, and Subway. The property is approximately one mile from downtown Brevard and about a 30-minute drive from Asheville Regional Airport. Brevard is known for its numerous summer camps, thriving outdoor industry, and easy access to DuPont State Forest and Pisgah National Forest.
Key Highlights
- High traffic location: Approximately 17,000 Average Annual Daily Traffic (AADT) on Rosman Highway.
- Versatile space: 1,749 SF suitable for office or medical use, available for lease or purchase.
- Close to downtown Brevard: Located approximately one mile from downtown Brevard, NC.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,043
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,860
$540.9K
Cap Rate 7%
$386,329
$386.3K
Cap Rate 9%
$300,478
$300.5K
Market Conditions
NOI Build-Up for 1,749 SF
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.
Gross rent
$42.0K $24.00/SF
− Vacancy
−$5.9K −$3.38/SF
EGI
$36.1K $20.62/SF
− OpEx
−$9.0K −$5.15/SF
NOI
$27.0K $15.46/SF
Area
Transylvania County, NC
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,860
Cap Rate 7%
$386,329
Cap Rate 9%
$300,478
Alternative Uses
Best Use
Office B
$386.3K
$338.0K – $450.7K
NOI $27,043 @ 7.0% cap · market cap 8.12%
Second Best
Healthcare Medical
$315.7K
$276.3K – $368.3K
NOI $22,100 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$515.1K
$450.7K – $601.0K
NOI $36,057 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 28712, NC
18,928
Population
10,714
Households
1.8
Avg Household Size
52
Median Age
40%
College-Educated
94%
High-School Grad
116.2 sq mi
ZIP Area
163
Density / Sq Mi
$61,560
Median Household Income
$34,583
Median Earnings
$939
Median Rent
$372,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1,749 SF office or medical space near downtown Brevard.
Where is this office units located?
The property is located at 15 Rosman Hwy Brevard, NC.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: High traffic location: Approximately 17,000 Average Annual Daily Traffic (AADT) on Rosman Highway.; Versatile space: **1,749 SF suitable for office or medical use, available for lease or purchase.**; Close to downtown Brevard: Located approximately one mile from downtown Brevard, NC.
