Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    6540 Brevard Rd Etowah, NC 28729

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $695,000

    Single-tenant office building in downtown Etowah, North Carolina for sale.

    Property size:
    5,800 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $119/SF
    Added:
    Jan 30, 2025
    Days on Market:
    456
    Last Refresh:
    Jan 11 at 11:59 am

    Property Features for 6540 Brevard Rd

    General Information

    Standard status
    Active
    Size
    5,800 SF
    Lot size
    0.58 Acres

    We can help!

    Listing Contact
    David Ritz

    Listing agent David Ritz License #255325

    Listing office REMAX Mountain Properties

    Listing date Jan 30, 2025

    Source Exprealty

    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 REMAX Mountain Properties

    Overview

    Single-Tenant Office Building in Etowah

    Located at the intersection of Brevard Rd & Old Hwy 64 in downtown Etowah, North Carolina, this single-tenant office building is situated in Henderson County. Constructed in 2003 on a 0.58-acre lot, the property features a hardy board and brick exterior and is approximately 5800 sq ft. The building is in very good condition, both inside and out. The layout includes multiple offices, storage rooms, a kitchen, and two bathrooms. A large parking lot provides 34 parking spaces. Potential uses include medical or administrative offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dave’s Dogs Restaurant Life Spring Wesleyan ... Church

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5953
    Latitude
    35.3172

    Nearby Similar for Sale

    • $2,350,000

      Restaurant and Event Center in Etowah

      Hospitality and event facility on 4 acres near Asheville.
      470 Brickyard Road, Etowah, NC 28792
      View Details
    • $1,375,000
      8,200 SF

      Ecusta Trail Redevelopment Opportunity

      Redevelopment opportunity near Ecusta Trail, suitable for retail businesses.
      5 & 7 Etowah School Road, Etowah, NC 28729
      View Details
    • $699,500

      Turnkey Self-Storage and Industrial Property

      Income-generating self-storage and industrial property in Etowah, North Carolina.
      130 Oakland Hills Drive, Etowah, NC 28729
      View Details
    • $2,350,000
      6,000 SF

      Restaurant & Event Center For Sale

      Hospitality and event facility on 4 acres in Etowah, NC.
      470 Brickyard Rd, Etowah, NC 28729
      View Details
    • $5,900,000

      Etowah Valley Golf Club

      Golf club with lodging, restaurants, tennis, and swimming pool.
      450 Brickyard Rd, Etowah, NC 28729
      View Details
    • $835,000
      4,350 SF

      Turnkey Restaurant in Etowah

      Well-established restaurant with high visibility and rental income potential.
      6500 Brevard Road, Etowah, NC 28729
      View Details

    FAQs

    What type of property is this?
    Office building - Single-tenant office building in downtown Etowah, North Carolina for sale.
    Where is this office building located?
    The property is located at 6540 Brevard Rd Etowah, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime downtown Etowah, NC location at the intersection of Brevard Rd & Old Hwy 64.; Large parking lot with **34 spaces**.; Approximately 5800 sq ft single‑tenant office building.
    (828) 361-4500
    We can help!
    Listing Contact
    David Ritz
    Real Estate License ID: 255325
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    6540 Brevard Rd, Etowah, NC, 28729

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!