Mixed-Use Retail and
For Sale
$750,000
330 Sweeten Creek Road, Asheville, NC 28803
Ground-level coffee shop retail with a separately accessed upstairs short-term rental unit, plus dedicated parking and billboard income.
Property Size1,959 SF
Price / SF$382.85
Days on Market146
Property Features for 330 Sweeten Creek Road
General Information
Standard status
Active
Size
1,959 SF
Total Parking Spaces
25
Property subtype
Commercial
Amenities
Vinyl
3
No
Building,Fixtures,Land
Corner Lot,Flood Plain/Bottom Land,Level
City
0.33
Parking lot located on both sides of building
700
25
Parking Lot
Paved
Interstate 1 mile or Less,State Road
1959
1
Publicly Maintained Road
Building Details
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
Premier Sotheby's International Realty
(843) 602-5180
Listed By:
Richard Cox III · License #271844
(843) 602-5180
Source:
Cdanjoyner
Added: Mar 31
Changed: Aug 23
Last Checked: Aug 23 at 5:39AM
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 Premier Sotheby's International Realty
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes fully built-out ground-level retail space currently operating as a coffee shop, along with an upstairs two-bedroom, one-bath residential unit that is separately accessed. The existing improvements, equipment, furnishings, and fixtures are in place and can be leveraged or repositioned depending on an investor’s plans.
The property is located just off Interstate 40 at Exit 51 along highly traveled Sweeten Creek Road, with exposure to approximately 30,000 vehicles per day. On-site features include approximately 25 dedicated parking spaces and a billboard generating supplemental revenue.
As a combined retail and residential asset, the property offers multiple income streams through the existing coffee shop operation and the upstairs unit currently used as a short-term rental.
The property is located just off Interstate 40 at Exit 51 along highly traveled Sweeten Creek Road, with exposure to approximately 30,000 vehicles per day. On-site features include approximately 25 dedicated parking spaces and a billboard generating supplemental revenue.
As a combined retail and residential asset, the property offers multiple income streams through the existing coffee shop operation and the upstairs unit currently used as a short-term rental.
Key Highlights
- Mixed‑use commercial property just off I‑40 at Exit 51 on Sweeten Creek Road
- Ground‑level retail is currently operating as a coffee shop
- Separately accessed upstairs unit: 2‑bedroom, 1‑bath short‑term rental
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
$27,383
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
3.65%
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%
$547,660
$547.7K
Cap Rate 7%
$391,186
$391.2K
Cap Rate 9%
$304,256
$304.3K
Market Conditions
NOI Build-Up for 1,959 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
$37.1K $18.96/SF
− Vacancy
−$631 −$0.32/SF
EGI
$36.5K $18.64/SF
− OpEx
−$9.1K −$4.66/SF
NOI
$27.4K $13.98/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$547,660
Cap Rate 7%
$391,186
Cap Rate 9%
$304,256
Alternative Uses
Best Use
Specialty Retail
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 3.65%
Second Best
Mixed Use
$299.1K
$261.7K – $349.0K
NOI $20,937 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$619.5K
$542.0K – $722.7K
NOI $43,362 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SWEETEN CREEK COFFEE — 330 Sweeten Creek Rd, Asheville, NC 28803
Frequently Asked Questions
What type of property is this?
Coffee shop - Ground-level coffee shop retail with a separately accessed upstairs short-term rental unit, plus dedicated parking and billboard income.
Where is this coffee shop located?
The property is located at 330 Sweeten Creek Road Asheville, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use commercial property just off I‑40 at Exit 51 on Sweeten Creek Road; Ground‑level retail is currently operating as a coffee shop; Separately accessed upstairs unit: 2‑bedroom, 1‑bath short‑term rental
