Retail Space With
For Sale
Contact for pricing
37 N Broad Street, Brevard, NC 28712
Flexible retail configuration accommodates food and beverage, fitness, gallery, or studio uses with onsite parking.
Property Size8,994 SF
Price / SF$0.00
Days on Market199
Property Features for 37 N Broad Street
General Information
Standard status
Active
Size
8,994 SF
Total Parking Spaces
16
Property subtype
Retail
Lease Term
NNN
Properties For Sale
at 37 N Broad Street Contact usBasement Level: Delivered As-Is
Size
2,745 SF
Type
Retail, Office or Flex
Term
Negotiable
Level 1: Delivered As-Is
Size
6,245 SF
Type
Retail, Office or Flex
Term
Negotiable
Level 1: Multiple Retail Suite Options, Demised Warm Shell
Size
5,414 SF
Type
Retail, Office or Flex
Term
Negotiable
Listed By:
Jesse Toller, PE · License #NC #339207
(828) 548-0090
Source:
Deweypa
Added: Apr 2
Changed: Oct 3
Last Checked: Oct 16 at 7:22AM
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 Jesse Toller, PE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail offering totals approximately 8,994 SF across a ground-floor area and basement. The ground floor provides +/- 6246 SF and may be occupied by one tenant, combined with the basement, or divided into separate suites. The basement contributes +/- 2748 SF and can function as a connected or standalone space. Recent warm-shell work has been completed on the ground floor, while additional improvements include new windows, a roll-up door, restroom work, interior finishes, new exterior paint, and basement-level updates. Tenant improvement allowances and landlord delivery of a demised shell may be negotiated around occupancy requirements.
The property is at 37 N Broad Street in Brevard, NC 28712. Onsite parking includes 16+ spaces. Potential uses identified for the space include food and beverage, retail, fitness, gallery, and studio operations. Conceptual renderings are provided for reference only.
The property is at 37 N Broad Street in Brevard, NC 28712. Onsite parking includes 16+ spaces. Potential uses identified for the space include food and beverage, retail, fitness, gallery, and studio operations. Conceptual renderings are provided for reference only.
Key Highlights
- Approximately 8,994 SF of total property size
- Ground floor offers +/- 6246 SF
- Basement provides +/- 2748 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,560
$2.2M
Cap Rate 7%
$1,576,829
$1.6M
Cap Rate 9%
$1,226,422
$1.2M
Market Conditions
NOI Build-Up for 8,994 SF
Gross rent
$161.9K $18.00/SF
− Vacancy
−$4.2K −$0.47/SF
EGI
$157.7K $17.53/SF
− OpEx
−$47.3K −$5.26/SF
NOI
$110.4K $12.27/SF
Area
Transylvania County, NC
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,560
Cap Rate 7%
$1,576,829
Cap Rate 9%
$1,226,422
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,378 @ 7.0% cap · market cap 788,414.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,420 @ 7.0% cap · market cap 1,324,428.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 28712, NC
18,928
Population
10,714
Households
1.8
Avg Household Size
52
Median Age
40%
College-Educated
94%
High-School Grad
116.2 sq mi
ZIP Area
163
Density / Sq Mi
$61,560
Median Household Income
$34,583
Median Earnings
$939
Median Rent
$372,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible retail configuration accommodates food and beverage, fitness, gallery, or studio uses with onsite parking.
Where is this retail space located?
The property is located at 37 N Broad Street Brevard, NC.
What are key features of this property?
This property features: Approximately 8,994 SF of total property size; Ground floor offers +/- 6246 SF; Basement provides +/- 2748 SF
