Hendersonville Storefront with
For Sale
Contact for pricing
2212 Asheville Hwy, Hendersonville, NC 28791
Storefront property sale includes real estate, business, inventory, and equipment.
Property Size4,000 SF
Price / SF$375
Days on Market641
Property Features for 2212 Asheville Hwy
General Information
Standard status
Active
Size
4,000 SF
Class
C
Property subtype
Business for Sale
Zoning
C-3
Building Details
Year Built
2005
Units
2
Listing Agency:
Century 21 Connected
(828) 348-0222
Listed By:
Chris Smith · License #NC 279674
Source:
Crexi
Added: Nov 8, 2024
Changed: Aug 11
Last Checked: May 12 at 10:16PM
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 Century 21 Connected
Investment Insights
Based on property information with market context.
Located in the Hendersonville entry corridor, this property includes real estate, the DAPCO contractors supply store business, all inventory, and equipment. The inventory is valued at approximately $320,000 and includes a forklift and all office supplies. The property size is 4,000 square feet.
Key Highlights
- Includes real estate, business, all inventory, and equipment.
- Located in the Hendersonville entry corridor.
- Inventory valued at approximately $320k.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$988,840
$988.8K
Cap Rate 7%
$706,314
$706.3K
Cap Rate 9%
$549,356
$549.4K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $18.00/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$70.6K $17.66/SF
− OpEx
−$21.2K −$5.30/SF
NOI
$49.4K $12.36/SF
Area
Henderson County, NC
Vacancy
1.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$988,840
Cap Rate 7%
$706,314
Cap Rate 9%
$549,356
Alternative Uses
Best Use
Retail
$706.3K
$618.0K – $824.0K
NOI $49,442 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
State Employees Credit Union
Shops & Services
12,492 visits/mo
0.4 miles
Burger King
Dining
11,177 visits/mo
0.2 miles
First Citizens Bank
Shops & Services
9,690 visits/mo
0.4 miles
Marco's Pizza
Dining
5,187 visits/mo
0.5 miles
Citgo
Shops & Services
2,504 visits/mo
0.5 miles
Demographics for 28791, NC
14,899
Population
7,268
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
892
Density / Sq Mi
$78,179
Median Household Income
$40,049
Median Earnings
$1,182
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property sale includes real estate, business, inventory, and equipment.
Where is this storefront property located?
The property is located at 2212 Asheville Hwy Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Includes real estate, business, all inventory, and equipment.; Located in the Hendersonville entry corridor.; Inventory valued at approximately $320k.
