Office
For Sale
$849,000
130 Center Avenue, Black Mountain, NC 28711
A level parcel supports practitioner and office use near downtown Black Mountain.
Property Size2,500 SF
Lot Size0.75 Acres
Price / SF$339.60
Days on Market8
Property Features for 130 Center Avenue
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.75 Acres
Property subtype
Commercial
Zoning
HB
Land
Topography
level
Land Use
commercial
Additional Details
Road Access
Yes
Property Use
Healing Arts Center
Building Details
Building Size
2,500 SF
Year Built
1990
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
MARK FIELDS REAL ESTATE
Listed By:
Mark Fields · License #259946
(828) 777-0452
Source:
Geoffcampbell
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:10AM
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 MARK FIELDS REAL ESTATE
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Investment Insights
Based on property information with market context.
The 2,500-square-foot office property at 130 Center Avenue was built in 1990 and occupies a level 0.75-acre parcel. Its layout has accommodated offices and practitioners, including use as a healing arts center over the past decade. The property is zoned HB.
The site sits near downtown Black Mountain and adjoins the Swannanoa River Flood Bench Project, a stream restoration effort. Its location at the end of Center Avenue places it beside that ongoing landscape project.
The site sits near downtown Black Mountain and adjoins the Swannanoa River Flood Bench Project, a stream restoration effort. Its location at the end of Center Avenue places it beside that ongoing landscape project.
Key Highlights
- 2,500‑square‑foot office property on a level 0.75‑acre parcel
- Zoned HB
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,383
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,660
$927.7K
Cap Rate 7%
$662,614
$662.6K
Cap Rate 9%
$515,367
$515.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$63.3K $25.32/SF
− Vacancy
−$1.5K −$0.58/SF
EGI
$61.8K $24.74/SF
− OpEx
−$15.5K −$6.18/SF
NOI
$46.4K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,660
Cap Rate 7%
$662,614
Cap Rate 9%
$515,367
Alternative Uses
Best Use
Office B
$662.6K
$579.8K – $773.1K
NOI $46,383 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.5K
$691.7K – $922.3K
NOI $55,337 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office space - A level parcel supports practitioner and office use near downtown Black Mountain.
Where is this office space located?
The property is located at 130 Center Avenue Black Mountain, NC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,500‑square‑foot office property on a level 0.75‑acre parcel; Zoned HB; Built in 1990
