Downtown Office
204-49 Broadway St, Asheville, NC 28801
For Sale
$445,000
Open-plan workspace in Asheville’s Central Business District includes elevator service and a dedicated garage parking space.
Property Size1,105 SF
Price / SF$402.71
Days on Market20
Property Features for 204-49 Broadway St
General Information
Standard status
Size
Total Parking Spaces
Elevators
Additional Details
HOA Fee
Road Access
Tenant in Place
Property Use
Listing Agency:
Pulliam Properties, Inc
(828) 684-4344
Listed By:
James Wilson · License NC #185498
(828) 768-7098
Source:
Exprealty
Added: Oct 26
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 Pulliam Properties, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,105-square-foot office unit has an open floorplan and elevator access. The space is currently leased through 2/28/2027, providing an existing tenancy during the stated lease term.
The unit fronts Broadway Street in Asheville’s Central Business District. One dedicated parking space is located in the basement garage, with access from the rear alley.
The unit fronts Broadway Street in Asheville’s Central Business District. One dedicated parking space is located in the basement garage, with access from the rear alley.
Key Highlights
- 1,105‑square‑foot office unit with an open floorplan
- Current lease runs through 2/28/2027
- Broadway Street frontage in Asheville’s Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,501
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,020
$410.0K
Cap Rate 7%
$292,871
$292.9K
Cap Rate 9%
$227,789
$227.8K
Market Conditions
NOI Build-Up for 1,105 SF
Gross rent
$28.0K $25.32/SF
− Vacancy
−$644 −$0.58/SF
EGI
$27.3K $24.74/SF
− OpEx
−$6.8K −$6.18/SF
NOI
$20.5K $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%
$410,020
Cap Rate 7%
$292,871
Cap Rate 9%
$227,789
Alternative Uses
Best Use
Office B
$292.9K
$256.3K – $341.7K
NOI $20,501 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.4K
$305.7K – $407.7K
NOI $24,459 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,637
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
$481,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Asheville, NC
Properties on Market for Office Units in Asheville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan workspace in Asheville’s Central Business District includes elevator service and a dedicated garage parking space.
Where is this office unit located?
The property is located at 204-49 Broadway St Asheville, NC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,105‑square‑foot office unit with an open floorplan; Current lease runs through 2/28/2027; Broadway Street frontage in Asheville’s Central Business District
