Ground-Level Retail
For Sale
Contact for pricing
18 Brook Street #102, Asheville, NC 28803
A hair salon and spa operate alongside the space, with parking available for visitors.
Property Size2,004 SF
Price / SF$0.03
Days on Market12
Property Features for 18 Brook Street #102
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Retail Center
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Flood Plain/Bottom Land, Paved
Composition
Public Sewer
Additional parcels description:, Parcel Number: 9647-79-5873-C0102, Assessed Value: $72,500
Concrete
Heat Pump
Listing ID: CAR4435154, Standard Status: Active, MLS Status: Active, Property Subtype: Retail Center, 5 days on market
Parking Lot
Display Window(s)
Built in 2004, Living area: 1080, 1 building, Construction Materials: Brick Partial, Hard Stucco
County/Parish: Buncombe
1 total bathroom
Electricity Connected, Water Source: City
Frontage Type: City Street, Interstate 1 mile or Less, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,004 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
Likewise Commercial Real Estate
(828) 222-3685
Listed By:
Carla Barnard · License #286709
(828) 575-0272
Source:
Blackstreaminternational
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 3:56PM
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 Likewise Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,080 SF ground-level retail space at 18 Brook Street, Suite 102, was built in 2004. A hair salon and spa are co-tenants in the property, and parking is available for visitors.
The storefront is in Asheville’s Biltmore Village, approximately 1 mile from I-40 and I-26. Hendersonville Road (US-25) and Biltmore Avenue provide additional routes to the area.
The storefront is in Asheville’s Biltmore Village, approximately 1 mile from I-40 and I-26. Hendersonville Road (US-25) and Biltmore Avenue provide additional routes to the area.
Key Highlights
- Approximately 1,080 SF of ground‑level retail space
- Hair salon and spa are co‑tenants
- In Asheville’s Biltmore Village
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,663
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,260
$253.3K
Cap Rate 7%
$180,900
$180.9K
Cap Rate 9%
$140,700
$140.7K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$18.4K $17.04/SF
− Vacancy
−$313 −$0.29/SF
EGI
$18.1K $16.75/SF
− OpEx
−$5.4K −$5.03/SF
NOI
$12.7K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,260
Cap Rate 7%
$180,900
Cap Rate 9%
$140,700
Alternative Uses
Best Use
Retail
$180.9K
$158.3K – $211.1K
NOI $12,663 @ 7.0% cap · market cap 36,180.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 68,302.86%
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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 19%
Hotels & Casinos 12%
Home Improvements & Furnishings 3%
Texas Roadhouse
Dining
40,179 visits/mo
0.4 miles
Starbucks
Dining
19,253 visits/mo
0.3 miles
Shell
Shops & Services
19,241 visits/mo
0.3 miles
Arby's
Dining
10,490 visits/mo
0.2 miles
Bruegger's
Dining
7,184 visits/mo
0.2 miles
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A hair salon and spa operate alongside the space, with parking available for visitors.
Where is this retail space located?
The property is located at 18 Brook Street #102 Asheville, NC.
What are key features of this property?
This property features: Approximately 1,080 SF of ground‑level retail space; Hair salon and spa are co‑tenants; In Asheville’s Biltmore Village
