For sale
Office Units
NC
Asheville
28801
14 S Pack Square #406

Office Unit with Square Views

14 S Pack Square #406, Asheville, NC 28801

For Sale

Contact for pricing

Suite 406 includes a kitchenette, with Pack Square views and access to a private parking garage.

Property Size1,909 SF

Price / SF$0.02

Days on Market55

Property Features for 14 S Pack Square #406

General Information

Standard status Active

Size 1,909 SF

Elevators Yes

Property subtype Office

Amenities

paint throughout

commercial grade carpet

luxury vinyl tile

high end restrooms

artwork

wayfinding signage

onsite private parking garage

Additional parcels description:, Parcel Number: 9649-40-6331-00000, Assessed Value: $1.08096e+07

Listing ID: CAR4426929, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 38 days on market

Other Parking: Downtown Street and Lots

Finished

Built in 1909, Living area: 1150

County/Parish: Buncombe

Road Responsibility: Publicly Maintained Road, Road Surface: Paved

Building Details

Building Size 1,909 SF

Year Built 1909

Listing Agency: Whitney Commercial Real Estate

Listed By: Austin Walker · License NC #227527

Source: Blackstreaminternational

Added: Sep 21 Changed: Nov 12 Last Checked: Nov 12 at 8:43AM

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Suite 406 is a 1,150-square-foot office unit in the Legal Building, constructed in 1909. The suite has a kitchenette and views of Pack Square. Building improvements include an elevator, refreshed interior finishes, upgraded restrooms, artwork, and wayfinding signage.

At 14 S Pack Square in downtown Asheville, the building is near restaurants, coffee shops, and retail. A private parking garage is available on site.

Key Highlights

Suite 406 contains 1,150 square feet and a kitchenette
Views of Pack Square from Suite 406
On‑site private parking garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,336

Suggested Prices Based on Cap Rates

Cap Rate 5%

$426,720 $426.7K

Cap Rate 7%

$304,800 $304.8K

Cap Rate 9%

$237,067 $237.1K

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$29.1K $25.32/SF

− Vacancy

−$670 −$0.58/SF

EGI

$28.4K $24.74/SF

− OpEx

−$7.1K −$6.18/SF

NOI

$21.3K $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%

$426,720

Cap Rate 7%

$304,800

Cap Rate 9%

$237,067

Alternative Uses

Best Use

Office B

$304.8K

$266.7K – $355.6K (±1% cap)

NOI $21,336 @ 7.0% cap

Second Best

—

no second resolved use

Theoretical Best

Office A

$363.6K

$318.2K – $424.3K (±1% cap)

NOI $25,455 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

The Chocolate Lounge Bakery Leah B. Noel, ... Accounting Firm Adrian Etheridge Photography Photography Service Newfound Properties, LLC Construction Company Novus Architects Architecture Firm