Building Details

Year Built 1983

Buildings 3

Listing Agency: BluAxis Realty

Listed By: Andrea Greer · License #308950 Show Phone

Source: Geoffcampbell

Added: Oct 19 Changed: Oct 26 Last Checked: Oct 29 at 11:19PM

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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 BluAxis Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Set on 4.47 acres, this flex property includes three buildings totaling approximately 3,100 square feet. The front structure has an open showroom with wood flooring, exposed beams, paneled walls, a wood-burning stove, a heated wall unit, a small restroom, and a roofed porch. Two additional buildings behind it provide workshop, warehouse, storage, or production space; the rear building has two large roll-up doors. The property was built in 1983.

A graded building site offers additional usable area. Existing services include 3-phase electrical power, high-pressure natural gas, a private well, and septic. The property borders the Ecusta Trail corridor and has wooded surroundings, with seasonal mountain and French Broad River Valley views from portions of the land. It is minutes from downtown Brevard, Pisgah National Forest, and the Highway 64/280 corridor. Buyers should confirm intended uses, development potential, and permitting requirements with Transylvania County. The property is offered as-is.

Key Highlights

• 4.47‑acre property with three buildings totaling approximately 3,100 square feet
• Front building includes an open showroom, restroom, wood‑burning stove, heated wall unit, and covered porch
• Two additional structures provide workshop, warehouse, storage, or production space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,721

Cap Rate

7.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$754,420 $754.4K

Cap Rate 7%

$538,871 $538.9K

Cap Rate 9%

$419,122 $419.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$59.5K $19.20/SF

− Vacancy

−$1.5K −$0.48/SF

EGI

$58.0K $18.72/SF

− OpEx

−$20.3K −$6.55/SF

NOI

$37.7K $12.17/SF

Area

Transylvania County, NC

Vacancy

2.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$754,420

Cap Rate 7%

$538,871

Cap Rate 9%

$419,122

Alternative Uses

Best Use

Flex RnD

$538.9K

$471.5K – $628.7K (±1% cap)

NOI $37,721 @ 7.0% cap · market cap 7.62%

Second Best

Warehouse

$317.8K

$278.1K – $370.8K (±1% cap)

NOI $22,245 @ 7.0% cap · market cap 4.49%

Theoretical Best

Office A

$913.0K

$798.9K – $1.07M (±1% cap)

NOI $63,910 @ 7.0% cap · market cap 12.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Building Supply HVAC Service Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28768, NC

6,820

Population

3,542

Households

1.9

Avg Household Size

50

Median Age

40%

College-Educated

96%

High-School Grad

83.1 sq mi

ZIP Area

82

Density / Sq Mi

$72,567

Median Household Income

$35,442

Median Earnings

$819

Median Rent

$299,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Three separate structures combine showroom, workshop, warehouse, storage, and production areas with substantial site infrastructure.

Where is this flex space located?

The property is located at 2080 Hendersonville Highway Pisgah Forest, NC.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 4.47‑acre property with three buildings totaling approximately 3,100 square feet; Front building includes an open showroom, restroom, wood‑burning stove, heated wall unit, and covered porch; Two additional structures provide workshop, warehouse, storage, or production space