Flex Office and Warehouse
For Sale
$2,395,000
50 Fisk Dr., Arden, NC 28704
Class A building combines finished office and studio space with main-level warehouse areas and covered loading access.
Property Size10,612 SF
Lot Size1.09 Acres
Price / SF$225.69
Days on Market13
Property Features for 50 Fisk Dr.
General Information
Standard status
Active
Size
10,612 SF
Class
A
Total Parking Spaces
35
Lot size
1.09 Acres
Property subtype
Office - Flex - Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Clear Height
18 ft
Amenities
lobby with vaulted ceilings
private offices
kitchen/break room
lounge area
sound studios
conference room
shared work area
ADT security
Building Details
Building Size
10,612 SF
Year Built
1987
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker · License #227527
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 5 at 6:01AM
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.
50 Fisk Drive is an exceptional Class A flex property offering a blend of finished office, studio, and warehouse space. The lower level includes a lobby with a floor-to-ceiling glass entrance and vaulted ceilings, multiple private offices, a kitchen/break room, three bathrooms, storage plus file/IT rooms, and a flexible lounge area that can support additional office use. It also includes two sound studios of about 1,350 SF each. Warehouse space on the main level totals about 689 SF with approximately 18' ceilings and covered loading or drive-in access with 10x12' doors.
The second floor features five private offices, a large shared work area, a glass-walled conference room, two additional bathrooms, and an approximately 1,800 SF mezzanine providing additional storage and access to the warehouse. The property is set in a quiet wooded setting near established industrial and commercial uses, with easy access to Hendersonville Road, Long Shoals Road, Airport Road, and I-26.
Building systems include natural gas, city water/sewer, 240V power, and ADT security. HVAC and roofing are described as recently updated and maintained, and the parking lot was recently resurfaced to accommodate an estimated 35 vehicles. The building is not fire-sprinkled and has no elevator.
The second floor features five private offices, a large shared work area, a glass-walled conference room, two additional bathrooms, and an approximately 1,800 SF mezzanine providing additional storage and access to the warehouse. The property is set in a quiet wooded setting near established industrial and commercial uses, with easy access to Hendersonville Road, Long Shoals Road, Airport Road, and I-26.
Building systems include natural gas, city water/sewer, 240V power, and ADT security. HVAC and roofing are described as recently updated and maintained, and the parking lot was recently resurfaced to accommodate an estimated 35 vehicles. The building is not fire-sprinkled and has no elevator.
Key Highlights
- 10,612 SF Class A building on 1.09 acres with finished office, studio, and warehouse space
- Main level includes a striking lobby with floor‑to‑ceiling glass and vaulted ceilings, plus four private offices, kitchen/break room, and 3 bathrooms
- Warehouse features include 689 SF on the main level with 18' ceilings and a covered loading dock/drive‑in access with 10x12' doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$196,887
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,937,740
$3.9M
Cap Rate 7%
$2,812,671
$2.8M
Cap Rate 9%
$2,187,633
$2.2M
Market Conditions
NOI Build-Up for 10,612 SF
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.
Gross rent
$268.7K $25.32/SF
− Vacancy
−$6.2K −$0.58/SF
EGI
$262.5K $24.74/SF
− OpEx
−$65.6K −$6.18/SF
NOI
$196.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,937,740
Cap Rate 7%
$2,812,671
Cap Rate 9%
$2,187,633
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,887 @ 7.0% cap · market cap 8.22%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,798 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$3.36M
$2.94M – $3.91M
NOI $234,896 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28704, NC
23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Colorful Palate Catering (kitchen) — 3871 sweeten creek road suites f&g, arden, nc 28704
- Fioreously Delicious, Inc. — 3871 Sweeten Creek Rd Suite F, Arden, NC 28704
Frequently Asked Questions
What type of property is this?
Flex space - Class A building combines finished office and studio space with main-level warehouse areas and covered loading access.
Where is this flex space located?
The property is located at 50 Fisk Dr. Arden, NC.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 10,612 SF Class A building on 1.09 acres with finished office, studio, and warehouse space; Main level includes a striking lobby with floor‑to‑ceiling glass and vaulted ceilings, plus four private offices, kitchen/break room, and 3 bathrooms; Warehouse features include 689 SF on the main level with 18' ceilings and a covered loading dock/drive‑in access with 10x12' doors
