Office Property with Full
For Sale
Contact for pricing
171 Charlotte Street, Asheville, NC 28801
The layout combines multiple work areas with a full kitchen, restrooms, and dedicated storage.
Property Size19,051 SF
Days on Market8
Property Features for 171 Charlotte Street
General Information
Standard status
Active
Size
19,051 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Additional parcels description:, Parcel Number: 9649-64-1151-00000, Assessed Value: $288,600
Listing ID: CAR4435097, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 4 days on market
Built in 1905, 1 building
County/Parish: Buncombe
2 total bathrooms
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
19,051 SF
Year Built
1905
Listing Agency:
GreyBeard Realty
(828) 669-1072
Listed By:
Bill Roberts · License #276443
(828) 674-7640
Source:
Blackstreaminternational
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:31AM
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 GreyBeard Realty
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Investment Insights
Based on property information with market context.
Built in 1905, this Charlotte Street office property contains 4 large offices, 2 restrooms, a full kitchen, and several storage areas. Parking is available behind the building.
The property is in North Asheville, with access to the interstate and downtown.
The property is in North Asheville, with access to the interstate and downtown.
Key Highlights
- Four large offices, 2 restrooms, a full kitchen, and multiple storage areas
- Rear parking available
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$353,458
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,069,160
$7.1M
Cap Rate 7%
$5,049,400
$5.0M
Cap Rate 9%
$3,927,311
$3.9M
Market Conditions
NOI Build-Up for 19,051 SF
Gross rent
$482.4K $25.32/SF
− Vacancy
−$11.1K −$0.58/SF
EGI
$471.3K $24.74/SF
− OpEx
−$117.8K −$6.18/SF
NOI
$353.5K $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%
$7,069,160
Cap Rate 7%
$5,049,400
Cap Rate 9%
$3,927,311
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.89M
NOI $353,458 @ 7.0% cap · market cap 14,138.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.02M
$5.27M – $7.03M
NOI $421,692 @ 7.0% cap · market cap 16,867.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
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
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines multiple work areas with a full kitchen, restrooms, and dedicated storage.
Where is this office unit located?
The property is located at 171 Charlotte Street Asheville, NC.
What are key features of this property?
This property features: Four large offices, 2 restrooms, a full kitchen, and multiple storage areas; Rear parking available; Built in 1905
