Flexible Healthcare Office
364 Weaverville Road Asheville, NC 28804
364 Weaverville Road, Asheville, NC, 28804
$850,000
For Sale
$850,000
Vacant, 2,800-plus SF on-site with ample parking and highway signage in the North Asheville/Woodfin area.
Property Size2,883 SF
Lot Size0.75 Acres
Price / SF$294.83
Days on Market55
Property Features for 364 Weaverville Road
General Information
- Standard status
- Active
- Size
- 2,883 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
PREFERRED PROPERTIES
(828) 258-2953
Listed by
WILLIAM JAMESON
Source
Corcoran
Added: May 29 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
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 PREFERRED PROPERTIES
Investment Insights
Based on property information with market context.
This vacant commercial property offers a flexible interior layout totaling over 2,800 SF on a 0.75-acre site. It was previously used for healthcare and professional service operations, making the configuration well-suited to a range of medical, wellness, and professional office uses.
The property is positioned in the North Asheville/Woodfin area with convenient access to I-26 via Exits 21 and 23. It also features ample on-site parking, highway signage, and additional area that may support future expansion or site improvements.
With its adaptable space and strong visibility, the building can support owner-user or investment strategies. The site is currently vacant and ready for a new tenant or buyer to evaluate for their intended commercial use.
The property is positioned in the North Asheville/Woodfin area with convenient access to I-26 via Exits 21 and 23. It also features ample on-site parking, highway signage, and additional area that may support future expansion or site improvements.
With its adaptable space and strong visibility, the building can support owner-user or investment strategies. The site is currently vacant and ready for a new tenant or buyer to evaluate for their intended commercial use.
Key Highlights
- Year built 2005 commercial property with 2,800+ SF on a 0.75‑acre site
- Convenient access to I‑26 via Exits 21 and 23
- Flexible interior layout previously used for healthcare and professional service operations
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $25.32 |
| − Vacancy | −$1.7k | −$0.58 |
| EGI | $71.3k | $24.74 |
| − OpEx | −$17.8k | −$6.18 |
| NOI | $53.5k | $18.55 |
2,883 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$764.1K
$668.6K – $891.5K
NOI $53,489 @ 7.0% cap · market cap 6.29%
Second Best
Healthcare Medical
$683.7K
$598.3K – $797.7K
NOI $47,861 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$911.6K
$797.7K – $1.06M
NOI $63,815 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Vacant, 2,800-plus SF on-site with ample parking and highway signage in the North Asheville/Woodfin area.
Where is this medical office space located?
The property is located at 364 Weaverville Road Asheville, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Year built 2005 commercial property with 2,800+ SF on a 0.75‑acre site; Convenient access to I‑26 via Exits 21 and 23; Flexible interior layout previously used for healthcare and professional service operations
