Warm-Shell Retail
For Sale
Contact for pricing
1870 Brevard Road 116 & 117, Arden, NC 28704
Newly built suites offer a flexible starting point for retail, personal styling, and professional service concepts.
Property Size2,025 SF
Price / SF$2.92
Days on Market50
Property Features for 1870 Brevard Road 116 & 117
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Retail
Additional Details
Furnished
No
Amenities
Dimensions: see plat, Cleared, Corner Lot, Level, Paved, Views
Metal, Wood Trusses
County Sewer
Additional parcels description:, Parcel Number: 9634-45-8752-00000, Assessed Value: $380,000, Zoning: CS
Concrete, Other - See Remarks
Central Air, Heat Pump, Separate Meters, Total
Central, Forced Air, Natural Gas, Separate Meters, Total Area
Listing ID: CAR4421438, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, 4 days on market
72 open parking spaces, 72 total parking spaces, Other Parking: Paved Parking Lot, Shared, Unassigned. 4:1000 RSF; EV charging stations, Electric Vehicle Charging Station(s), Parking Lot, Shared Driveway
Display Window(s), Insulated Window(s)
Built in 2025, Living area: 2513, Construction Materials: Hard Stucco, Stone
County/Parish: Buncombe
Elevation: 2000, Long Range, Mountain(s)
Cable Connected, Electricity Connected, Fiber Optics, Natural Gas, Phone Connected, Underground Power Lines, Underground Utilities, Wired Internet Available, Water Source: Public
Slab
All Utilities, Cable TV, Electricity, Gas, Interior Common Lights, Internet, Outdoor Lighting, Trash Collection, Water
Frontage Type: Interstate 1 mile or Less, State Road, Other - See Remarks, Road Responsibility: Publicly Maintained Road, Private Maintained Road, Road Surface: Paved
Two or More Access Exits, Bath 60 Inch Turning Radius, Bath Grab Bars, Bath Low Mirrors, Bath Raised Toilet, Bath Roll-Under Sink, Door Width 32 Inches or More, Lever Door Handles, Entry Slope less than 1 foot, Exterior Curb Cuts, Hall Width 36 Inches or More, Handicap Parking, Lowered Light Switches, Mobility Friendly Flooring, Thresholds 5/8 Inches
Electric Water Heater
Building Details
Building Size
2,025 SF
Year Built
2025
Listing Agency:
NAI Beverly-Hanks
(828) 210-3940
Listed By:
Mark Morris · License #46982
(828) 674-4350
Source:
Blackstreaminternational
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 11:12PM
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 NAI Beverly-Hanks
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Investment Insights
Based on property information with market context.
Suites 116 and 117 at Walnut Valley provide 2,513 square feet of warm-shell retail space, allowing the interior to be completed around a tenant’s operational and design requirements. Built in 2025, the offering is suited to retail, personal styling, professional services, or a lifestyle-oriented business concept.
The property is located at 1870 Brevard Road in Arden, directly across from the main entrance to The Cliffs at Walnut Cove, a golf and residential community. The suite address places businesses near an established residential audience and the community’s entrance, with final suites 114, 116, and 117 identified as available in the development.
The property is located at 1870 Brevard Road in Arden, directly across from the main entrance to The Cliffs at Walnut Cove, a golf and residential community. The suite address places businesses near an established residential audience and the community’s entrance, with final suites 114, 116, and 117 identified as available in the development.
Key Highlights
- 2,513 SF across Suites 116 and 117
- Warm‑shell delivery supports customized interior planning
- Built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,465
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,300
$589.3K
Cap Rate 7%
$420,929
$420.9K
Cap Rate 9%
$327,389
$327.4K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$42.8K $17.04/SF
− Vacancy
−$728 −$0.29/SF
EGI
$42.1K $16.75/SF
− OpEx
−$12.6K −$5.03/SF
NOI
$29.5K $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%
$589,300
Cap Rate 7%
$420,929
Cap Rate 9%
$327,389
Alternative Uses
Best Use
Retail
$420.9K
$368.3K – $491.1K
NOI $29,465 @ 7.0% cap · market cap 401.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$794.6K
$695.3K – $927.1K
NOI $55,625 @ 7.0% cap · market cap 758.87%
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
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 28704, NC
23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
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 - Newly built suites offer a flexible starting point for retail, personal styling, and professional service concepts.
Where is this retail space located?
The property is located at 1870 Brevard Road 116 & 117 Arden, NC.
What are key features of this property?
This property features: 2,513 SF across Suites 116 and 117; Warm‑shell delivery supports customized interior planning; Built in 2025
