Renovated Office
New
For Sale
Contact for pricing
20 Rosscraggon Road, Asheville, NC 28803
A flexible office layout includes a break area, two bathrooms, and parking for staff and company vehicles.
Property Size1,905 SF
Days on Market6
Property Features for 20 Rosscraggon Road
General Information
Standard status
Active
Size
1,905 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
Level, Private, Wooded
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 9654-19-2477-00000, Assessed Value: $425,000
Tile, Wood
Central, Forced Air, Heat Pump, Natural Gas
Listing ID: CAR4437157, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Other Parking: There is essentially unlimited parking for the size of the building.
Built in 1905
County/Parish: Buncombe
Water Source: City
Crawl Space
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Refrigerator
Building Details
Building Size
1,905 SF
Year Built
1905
Listing Agency:
Dewey Property Advisors
(828) 548-0090
Listed By:
Greg Palombi · License #204020
(828) 250-9811
Source:
Blackstreaminternational
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:36PM
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 Dewey Property Advisors
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Investment Insights
Based on property information with market context.
This renovated office property offers 8–9 private offices, a kitchen and break area, two bathrooms, and extensive parking. Restored heart-of-pine hardwood floors retain a historic interior detail, while updates include HVAC and ductwork, plumbing, electrical, roofing, gutters, windows, and interior walls. The bathrooms have been modernized, with plumbing available for a third; the kitchen area is plumbed and wired for installation. The original construction date is not specified here because the provided dates conflict.
In South Asheville, the property has access to Sweeten Creek Road and Hendersonville Road. Its office layout and parking accommodate a business that combines administrative space with vehicles or equipment.
In South Asheville, the property has access to Sweeten Creek Road and Hendersonville Road. Its office layout and parking accommodate a business that combines administrative space with vehicles or equipment.
Key Highlights
- 8–9 private offices in a flexible layout
- Extensive parking for employees, fleet vehicles, and equipment
- Recent HVAC, plumbing, electrical, roof, gutter, and window updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,344
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,880
$706.9K
Cap Rate 7%
$504,914
$504.9K
Cap Rate 9%
$392,711
$392.7K
Market Conditions
NOI Build-Up for 1,905 SF
Gross rent
$48.2K $25.32/SF
− Vacancy
−$1.1K −$0.58/SF
EGI
$47.1K $24.74/SF
− OpEx
−$11.8K −$6.18/SF
NOI
$35.3K $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%
$706,880
Cap Rate 7%
$504,914
Cap Rate 9%
$392,711
Alternative Uses
Best Use
Office B
$504.9K
$441.8K – $589.1K
NOI $35,344 @ 7.0% cap · market cap 710.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.4K
$527.1K – $702.8K
NOI $42,167 @ 7.0% cap · market cap 847.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout includes a break area, two bathrooms, and parking for staff and company vehicles.
Where is this office building located?
The property is located at 20 Rosscraggon Road Asheville, NC.
What are key features of this property?
This property features: 8–9 private offices in a flexible layout; Extensive parking for employees, fleet vehicles, and equipment; Recent HVAC, plumbing, electrical, roof, gutter, and window updates
