Two-Story Creative
For Sale
Contact for pricing
3 Science Of Mind Way, Asheville, NC 28806
An open-plan interior, dedicated parking, and step-free access to both levels support a range of potential uses.
Property Size1,999 SF
Price / SF$0.00
Days on Market14
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 3 Science Of Mind Way
General Information
Standard status
Active
Size
1,999 SF
Property subtype
Commercial
Zoning
RM8
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Level, Paved
Public Sewer
Additional parcels description:, Parcel Number: 9627-69-9577-00000, Assessed Value: $1.4741e+06
Linoleum
Heat Pump, Humidity Control
Heat Pump
Listing ID: CAR4430506, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial
37 total parking spaces, Other Parking: 37 dedicated parking spaces available with access to 8 Handicap spaces and an additional 72 spaces when not used by the Property Owner.
Built in 1999, Living area: 4728, 1 building
County/Parish: Buncombe
4 total bathrooms
Electricity Connected, Water Source: City
Frontage Type: Private Road, Road Responsibility: Private Maintained Road, Road Surface: Paved
Building Details
Building Size
1,999 SF
Year Built
1999
Buildings
1
Stories
2
Listing Agency:
Likewise Commercial Real Estate
(828) 222-3685
Listed By:
Jessica Auge · License #288191
(706) 255-9363
Source:
Blackstreaminternational
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 1:05AM
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 Likewise Commercial Real Estate
Investment Insights
Based on property information with market context.
This 4,728-square-foot commercial building has two floors with an open layout, substantial storage, and four restrooms, each with two stalls. Interior and exterior stairways connect the levels, and step-free access from the parking areas serves both floors. A dedicated parking lot is on site.
The property is approximately 1 mile from I-40, 2 miles from I-240, and 3 miles from I-26. It sits beside the Center for Spiritual Living Asheville campus. Zoning is RM8, and residential zoning restrictions may limit uses; prospective occupants should confirm whether a proposed use is permitted by the City of Asheville.
The property is approximately 1 mile from I-40, 2 miles from I-240, and 3 miles from I-26. It sits beside the Center for Spiritual Living Asheville campus. Zoning is RM8, and residential zoning restrictions may limit uses; prospective occupants should confirm whether a proposed use is permitted by the City of Asheville.
Key Highlights
- 4,728‑square‑foot building with a two‑story, open‑plan layout
- Four two‑stall restrooms, with two on each floor
- Step‑free entry to both levels from the parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,720
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,400
$1.8M
Cap Rate 7%
$1,253,143
$1.3M
Cap Rate 9%
$974,667
$974.7K
Market Conditions
NOI Build-Up for 4,728 SF
Gross rent
$119.7K $25.32/SF
− Vacancy
−$2.8K −$0.58/SF
EGI
$117.0K $24.74/SF
− OpEx
−$29.2K −$6.18/SF
NOI
$87.7K $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%
$1,754,400
Cap Rate 7%
$1,253,143
Cap Rate 9%
$974,667
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,720 @ 7.0% cap · market cap 548,250.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.74M
NOI $104,654 @ 7.0% cap · market cap 654,087.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Creative space - An open-plan interior, dedicated parking, and step-free access to both levels support a range of potential uses.
Where is this creative space located?
The property is located at 3 Science Of Mind Way Asheville, NC.
What are key features of this property?
This property features: 4,728‑square‑foot building with a two‑story, open‑plan layout; Four two‑stall restrooms, with two on each floor; Step‑free entry to both levels from the parking areas
