Warehouse on Highway Business
91 New Leicester Highway Asheville, NC 28806
91 New Leicester Highway, Asheville, NC, 28806
$2,000,000
For Sale
$2,000,000
Zoned highway business warehouse with three loading docks and climate-conditioned front space.
Property Size13,540 SF
Lot Size3.95 Acres
Price / SF$147.71
Days on Market46
Property Features for 91 New Leicester Highway
General Information
- Standard status
- Active
- Size
- 13,540 SF
- Lot size
- 3.95 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1969
Listing agency
NAI Beverly-Hanks
(828) 768-7425
Listed by
Rick Tisdale · License #197215
(828) 768-7425
Source
Naiglobal
Added: Jun 7 Updated: Jul 10 at 1:54PM Checked: Jul 22 at 12:45AM
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.
The property is a warehouse facility on a 3.95-acre site zoned highway business. The building totals 13,540 square feet and includes three loading docks for practical receiving and distribution. The interior climate system is split by building half: the front half has AC and heat, while the back half is heated.
Conveniently located less than a 1/2 mile off Patton Avenue, the site is positioned for industrial and commercial operations that need straightforward access from a primary corridor.
This warehouse configuration may be well-suited for tenants looking for dock-ready logistics space with differentiated comfort levels across the building. The three loading docks support steady inbound activity, while the AC and heated areas can help accommodate functions that benefit from more consistent temperature control in the front half of the facility.
Conveniently located less than a 1/2 mile off Patton Avenue, the site is positioned for industrial and commercial operations that need straightforward access from a primary corridor.
This warehouse configuration may be well-suited for tenants looking for dock-ready logistics space with differentiated comfort levels across the building. The three loading docks support steady inbound activity, while the AC and heated areas can help accommodate functions that benefit from more consistent temperature control in the front half of the facility.
Key Highlights
- 3.95‑acre warehouse property zoned Highway Business
- 13540 SF warehouse building built in 1969
- Three loading docks
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.1k | $10.20 |
| − Vacancy | −$3.3k | −$0.24 |
| EGI | $134.8k | $9.96 |
| − OpEx | −$20.2k | −$1.49 |
| NOI | $114.6k | $8.46 |
13,540 SF · lease $10.20/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,574 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,355 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$4.28M
$3.75M – $5.00M
NOI $299,707 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Zoned highway business warehouse with three loading docks and climate-conditioned front space.
Where is this warehouse located?
The property is located at 91 New Leicester Highway Asheville, NC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3.95‑acre warehouse property zoned Highway Business; 13540 SF warehouse building built in 1969; Three loading docks
