Multi-Suite Office
140 S Church St, Hendersonville, NC 28792
For Sale
$1,700,000
A paved lot provides approximately 25 parking spaces, with entry from two streets.
Property Size5,500 SF
Days on Market48
Property Features for 140 S Church St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Road Access
Building Details
Building Size
Tenancy
Listed By:
Wes Reinhardt · License NC #223401
(828) 548-0090
Source:
Deweypa
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 10 at 7:02AM
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 Wes Reinhardt
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Investment Insights
Based on property information with market context.
This office property is configured with multiple suites, allowing for a varied tenant mix. Approximately 25 paved parking spaces serve the building.
Access is available from both S Church Street and Allen Street. The property is in downtown Hendersonville, within walking distance of restaurants, retail businesses, and professional offices.
Access is available from both S Church Street and Allen Street. The property is in downtown Hendersonville, within walking distance of restaurants, retail businesses, and professional offices.
Key Highlights
- Multiple suites support a varied tenant mix
- Approximately 25 paved parking spaces
- Access from S Church Street and Allen Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,228
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,924,560
$1.9M
Cap Rate 7%
$1,374,686
$1.4M
Cap Rate 9%
$1,069,200
$1.1M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$132.0K $24.00/SF
− Vacancy
−$3.7K −$0.67/SF
EGI
$128.3K $23.33/SF
− OpEx
−$32.1K −$5.83/SF
NOI
$96.2K $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%
$1,924,560
Cap Rate 7%
$1,374,686
Cap Rate 9%
$1,069,200
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,228 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,304 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,472
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
Frequently Asked Questions
What type of property is this?
Office building - A paved lot provides approximately 25 parking spaces, with entry from two streets.
Where is this office building located?
The property is located at 140 S Church St Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Multiple suites support a varied tenant mix; Approximately 25 paved parking spaces; Access from S Church Street and Allen Street
