Freestanding Two-Story Office
For Sale
$2,195,000
421 S Church St, Hendersonville, NC 28792
Class A office property with an elevator, ADA-compliant ramp, parking, and professionally maintained landscaping.
Property Size8,350 SF
Price / SF$262.87
Days on Market55
Property Features for 421 S Church St
General Information
Standard status
Active
Size
8,350 SF
Class
Class A
Elevators
Yes
Occupancy
100%
Amenities
two-story entrance foyer
ADA-compliant ramp
professionally maintained landscaping
Building Details
Year Built
2005
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Jones Commercial Properties
Listed By:
Gary Jones
(828) 697-7733
Source:
Lewisandkirk
Added: Aug 13
Changed: Sep 10
Last Checked: Oct 6 at 12:33AM
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 Jones Commercial Properties
Investment Insights
Based on property information with market context.
Positioned at 421 S. Church Street in Hendersonville, this 8,350-square-foot office building was completed in 2005 and arranged across two stories. A prominent entry foyer, elevator, ADA-compliant ramp, front and rear parking, and maintained landscaping support daily operations and visitor access. The property is identified as Class A and is currently 100% occupied.
Wells Fargo Advisors occupies 5,666 SF across the first and second floors, while PragerMetis CPAs occupies 2,122 SF. Both tenants are in full-service, 3-year leases with contractual 3% annual rent escalations. The occupants have renewed multiple times, and private showings require the listing agent’s attendance with 48 hours’ notice; tenants should not be disturbed.
Wells Fargo Advisors occupies 5,666 SF across the first and second floors, while PragerMetis CPAs occupies 2,122 SF. Both tenants are in full-service, 3-year leases with contractual 3% annual rent escalations. The occupants have renewed multiple times, and private showings require the listing agent’s attendance with 48 hours’ notice; tenants should not be disturbed.
Key Highlights
- 8,350‑square‑foot, two‑story office building completed in 2005
- 100% occupied by Wells Fargo Advisors and PragerMetis CPAs
- Wells Fargo Advisors occupies 5,666 SF across the 1st & 2nd floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,092
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,921,840
$2.9M
Cap Rate 7%
$2,087,029
$2.1M
Cap Rate 9%
$1,623,244
$1.6M
Market Conditions
NOI Build-Up for 8,350 SF
Gross rent
$200.4K $24.00/SF
− Vacancy
−$5.6K −$0.67/SF
EGI
$194.8K $23.33/SF
− OpEx
−$48.7K −$5.83/SF
NOI
$146.1K $17.50/SF
Area
Henderson County, NC
Vacancy
2.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,921,840
Cap Rate 7%
$2,087,029
Cap Rate 9%
$1,623,244
Alternative Uses
Best Use
Office B
$2.09M
$1.83M – $2.43M
NOI $146,092 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,789 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Class A office property with an elevator, ADA-compliant ramp, parking, and professionally maintained landscaping.
Where is this office building located?
The property is located at 421 S Church St Hendersonville, NC.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 8,350‑square‑foot, two‑story office building completed in 2005; 100% occupied by Wells Fargo Advisors and PragerMetis CPAs; Wells Fargo Advisors occupies 5,666 SF across the 1st & 2nd floors
