Warehouse-Ready Flex
128 Bingham Road Suite 425, Asheville, NC 28806
For Sale
Contact for pricing
Two office areas and two warehouse areas support separate leasing configurations.
Property Size19,541 SF
Lot Size23.00 Acres
Price / SF$0.01
Days on Market10
Property Features for 128 Bingham Road Suite 425
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Property Use
Amenities
Market place
common picnic area
walking path
Wooded
Fenced
Public Sewer
Additional parcels description:, Parcel Number: 9639.34-7747-00000, Assessed Value: $1.74352e+07, Zoning: C-1
Concrete, Vinyl
Natural Gas
Listing ID: CAR4439679, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial
Partial, Walk-Out Access
Built in 1954, 1 building, Construction Materials: Block, Brick Partial, Metal
County/Parish: Buncombe
Water Source: City
Basement, Slab
All except water
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Cornerstone Real Estate Cons.
(828) 779-2222
Listed By:
Donna Logan · License NC #214348
(828) 284-2859
Source:
Blackstreaminternational
Added: Oct 31
Changed: Nov 8
Last Checked: Nov 8 at 6:34AM
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 Cornerstone Real Estate Cons.
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Investment Insights
Based on property information with market context.
Suite 425 offers 2,276 USF (2,501 RSF), with two office areas and two warehouse areas that can be leased in different configurations. Warehouse HVAC units were installed in 2025, and the units have a new TPO roof. The property was built in 1954 and is part of The Ridge Business Park, a multi-tenant flex property with shared dock doors, parking, a picnic area, and a walking path.
The business park totals 326,400 SF across 23 acres and is five minutes from downtown Asheville. Long-term anchor tenants and a marketplace are also part of the park’s shared setting.
The business park totals 326,400 SF across 23 acres and is five minutes from downtown Asheville. Long-term anchor tenants and a marketplace are also part of the park’s shared setting.
Key Highlights
- Suite 425: 2,276 USF / 2,501 RSF
- Two office areas and two warehouse areas available in separate leasing configurations
- Warehouse HVAC units installed in 2025; new TPO roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,112,095
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,241,900
$42.2M
Cap Rate 7%
$30,172,786
$30.2M
Cap Rate 9%
$23,467,722
$23.5M
Market Conditions
NOI Build-Up for 326,400 SF
Gross rent
$3.33M $10.20/SF
− Vacancy
−$79.9K −$0.24/SF
EGI
$3.25M $9.96/SF
− OpEx
−$1.14M −$3.48/SF
NOI
$2.11M $6.47/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,241,900
Cap Rate 7%
$30,172,786
Cap Rate 9%
$23,467,722
Alternative Uses
Best Use
Warehouse
$39.46M
$34.52M – $46.03M
NOI $2,761,971 @ 7.0% cap
Second Best
Industrial
$32.49M
$28.43M – $37.91M
NOI $2,274,564 @ 7.0% cap
Theoretical Best
Office A
$103.21M
$90.31M – $120.41M
NOI $7,224,835 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Buncombe County, NC
Properties on Market for Flex space in Buncombe County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two office areas and two warehouse areas support separate leasing configurations.
Where is this flex space located?
The property is located at 128 Bingham Road Suite 425 Asheville, NC.
What are key features of this property?
This property features: Suite 425: 2,276 USF / 2,501 RSF; Two office areas and two warehouse areas available in separate leasing configurations; Warehouse HVAC units installed in 2025; new TPO roof
