Medical Office
New
For Sale
$491,000
120 Chadwick Square Court #A, Hendersonville, NC 28739
Existing medical improvements and a flexible interior support clinical or professional office use.
Property Size2,004 SF
Price / SF$190.09
Days on Market3
Property Features for 120 Chadwick Square Court #A
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Medical
Zoning
C1SU
Additional Details
Office Units
1
Amenities
Dimensions: 80x319
Composition
Public Sewer
Additional parcels description:, Parcel Number: 9975548, Assessed Value: $359,600
Tile
Central Air
Natural Gas
Listing ID: CAR4434330, Standard Status: Active, MLS Status: Active, Property Subtype: Medical, Special Conditions: None
30 total parking spaces, Other Parking: surface
Built in 2004, Living area: 2583, 1 building
County/Parish: Henderson
2 total bathrooms
Cable Connected, Electricity Connected, Natural Gas, Phone Connected, Water Source: City
Frontage Type: State Road, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,004 SF
Year Built
2004
Tenancy
Single
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Andrew Riddle · License #297804
(828) 243-3610
Source:
Blackstreaminternational
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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 Whitney Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,583-square-foot medical office condo is configured as a medical facility, with existing medical infrastructure and an adaptable floor plan. High ceilings and natural light add to the interior, and the space can also accommodate other professional office uses. The property was built in 2004 and is zoned C1SU.
Located at 120 Chadwick Square Court, Suite A, in Hendersonville, the office is part of a professional complex with convenient access and ample parking.
Located at 120 Chadwick Square Court, Suite A, in Hendersonville, the office is part of a professional complex with convenient access and ample parking.
Key Highlights
- 2,583‑square‑foot medical office condo
- Existing medical infrastructure and medical‑facility configuration
- Adaptable floor plan with high ceilings and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,192
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,840
$903.8K
Cap Rate 7%
$645,600
$645.6K
Cap Rate 9%
$502,133
$502.1K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$62.0K $24.00/SF
− Vacancy
−$1.7K −$0.67/SF
EGI
$60.3K $23.33/SF
− OpEx
−$15.1K −$5.83/SF
NOI
$45.2K $17.50/SF
Area
Henderson County, NC
Vacancy
2.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,840
Cap Rate 7%
$645,600
Cap Rate 9%
$502,133
Alternative Uses
Best Use
Office B
$645.6K
$564.9K – $753.2K
NOI $45,192 @ 7.0% cap · market cap 9.20%
Second Best
Healthcare Medical
$516.5K
$451.9K – $602.6K
NOI $36,154 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$860.8K
$753.2K – $1.00M
NOI $60,256 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28739, NC
21,251
Population
11,083
Households
1.9
Avg Household Size
54
Median Age
44%
College-Educated
94%
High-School Grad
61.0 sq mi
ZIP Area
348
Density / Sq Mi
$70,464
Median Household Income
$35,934
Median Earnings
$995
Median Rent
$358,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical improvements and a flexible interior support clinical or professional office use.
Where is this medical office space located?
The property is located at 120 Chadwick Square Court #A Hendersonville, NC.
What is the asking price?
The asking price for this property is $491,000.
What are key features of this property?
This property features: 2,583‑square‑foot medical office condo; Existing medical infrastructure and medical‑facility configuration; Adaptable floor plan with high ceilings and natural light
