Downtown Mixed-Use
For Sale
$1,400,000
15 W Main Street, Brevard, NC 28712
Two-story property combines retail space with separately accessed professional offices and rear parking.
Property Size1,910 SF
Price / SF$189.14
Days on Market55
Property Features for 15 W Main Street
General Information
Standard status
Active
Size
1,910 SF
Total Parking Spaces
2
Property subtype
Retail
Occupancy
100%
Amenities
Flat, Rubber
Public Sewer
Additional parcels description:, Parcel Number: 8586-50-0913-000, Assessed Value: $1.26601e+06, Zoning: DMU
Carpet, Vinyl
Central Air
Heat Pump
Listing ID: CAR4416324, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, Special Conditions: None
2 total parking spaces, Other Parking: 2 assigned spaces in rear of the building, Assigned
Built in 1910, Living area: 7402, 1 building
County/Parish: Transylvania
Elevation: 2000
Electricity Connected, Water Source: City
Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Two or More Access Exits
Building Details
Building Size
1,910 SF
Year Built
1910
Buildings
1
Stories
2
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Looking Glass Realty
(828) 883-4663
Listed By:
Jason Shepherd · License #278602
(828) 423-9010
Source:
Blackstreaminternational
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 12 at 8:41PM
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 Looking Glass Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use building includes a 4,000-square-foot main-level retail area and 3,400 square feet of office space upstairs. The retail floor was configured as two shops and has separate HVAC systems and electrical meters. The upper level has its own entrance, a large common area, eight private offices, a shared kitchen, and two bathrooms. Two new HVAC systems serve the office level.
The property is located on West Main Street in downtown Brevard, North Carolina, with two parking spaces behind the building. The owner currently occupies the property.
The property is located on West Main Street in downtown Brevard, North Carolina, with two parking spaces behind the building. The owner currently occupies the property.
Key Highlights
- 4,000‑square‑foot main‑floor retail area on West Main Street
- 3,400‑square‑foot upper‑level office area with 8 individual offices
- Separate upstairs entrance with common area, kitchen, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,450
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,289,000
$2.3M
Cap Rate 7%
$1,635,000
$1.6M
Cap Rate 9%
$1,271,667
$1.3M
Market Conditions
NOI Build-Up for 7,402 SF
Gross rent
$177.6K $24.00/SF
− Vacancy
−$25.0K −$3.38/SF
EGI
$152.6K $20.62/SF
− OpEx
−$38.1K −$5.15/SF
NOI
$114.4K $15.46/SF
Area
Transylvania County, NC
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,289,000
Cap Rate 7%
$1,635,000
Cap Rate 9%
$1,271,667
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.91M
NOI $114,450 @ 7.0% cap · market cap 8.18%
Second Best
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $92,932 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,600 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 28712, NC
18,928
Population
10,714
Households
1.8
Avg Household Size
52
Median Age
40%
College-Educated
94%
High-School Grad
116.2 sq mi
ZIP Area
163
Density / Sq Mi
$61,560
Median Household Income
$34,583
Median Earnings
$939
Median Rent
$372,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Two-story property combines retail space with separately accessed professional offices and rear parking.
Where is this mixed-use property located?
The property is located at 15 W Main Street Brevard, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,000‑square‑foot main‑floor retail area on West Main Street; 3,400‑square‑foot upper‑level office area with 8 individual offices; Separate upstairs entrance with common area, kitchen, and 2 bathrooms
