Medical Office Building with
383 Weaverville Road, Woodfin, NC 28804
For Sale
$924,500
A converted residence offers office space, existing utility connections, and additional land that may accommodate development.
Property Size1,925 SF
Lot Size1.65 Acres
Price / SF$533.78
Days on Market19
Property Features for 383 Weaverville Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Frontage
Traffic Count
Highway Access
Road Access
Utilities to Site
Additional Details
Land Use
Amenities
carport
garage/shed
Metal, Other - See Remarks
Public Sewer
Additional parcels description:, Parcel Number: 973155837100000, Assessed Value: $464,600, Zoning: CS
Vinyl, Wood
Central Air, Heat Pump, Window Unit(s)
Central, Forced Air, Heat Pump, Natural Gas
Listing ID: CAR4437189, Standard Status: Active, MLS Status: Active, Property Subtype: Office, Special Conditions: None
Driveway, Parking Lot
Dirt Floor, Unfinished
Built in 1925, Living area: 1732, 1 building
County/Parish: Buncombe
Other structures: Shed(s), Workshop, Other - See Remarks
1 total bathroom
Water Source: City
Basement
Road Responsibility: Publicly Maintained Road, Private Maintained Road, Road Surface: Gravel, Paved
Patio/Porch Features: Covered, Front Porch
Ramp(s)-Main Level
Building Details
Building Size
Year Built
Listing Agency:
G/M Property Group
(828) 281-4024
Listed By:
John Menkes · License #194446
(828) 774-5190
Source:
Blackstreaminternational
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 6:18AM
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 G/M Property Group
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 1,732-square-foot medical office property occupies a converted residence built in 1925. The existing layout includes a kitchen, dining room, living room, three bedrooms, and one bathroom, with infrastructure for a full kitchen. Ceiling height is approximately 10 feet, and the building has central air conditioning and a gas furnace. A walk-up attic, carport, and garage/shed structure are also on site. Public water, sewer, and gas serve the property, which sits on approximately 1.65 acres. The CS zoning designation in the Town of Woodfin allows a range of uses, including office, medical, retail, lodging, day care, multifamily, and warehouse, subject to applicable requirements.
The property has approximately 120 feet of corner frontage on Weaverville Highway and secondary access from Old Marshal Highway. I-26 Exit 21 is 1 mile away, and Exit 23 is 1.3 miles away. Reported traffic counts are 58,500 AADT on I-26 in 2023 and 7,800–9,200 AADT on Weaverville Highway in 2024.
The property has approximately 120 feet of corner frontage on Weaverville Highway and secondary access from Old Marshal Highway. I-26 Exit 21 is 1 mile away, and Exit 23 is 1.3 miles away. Reported traffic counts are 58,500 AADT on I-26 in 2023 and 7,800–9,200 AADT on Weaverville Highway in 2024.
Key Highlights
- 1,732‑square‑foot converted residence built in 1925
- Approximately 1.65 acres with land that could support additional development
- Approximately 120 feet of corner frontage on Weaverville Highway; secondary access from Old Marshal Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,134
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,680
$642.7K
Cap Rate 7%
$459,057
$459.1K
Cap Rate 9%
$357,044
$357.0K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$43.9K $25.32/SF
− Vacancy
−$1.0K −$0.58/SF
EGI
$42.8K $24.74/SF
− OpEx
−$10.7K −$6.18/SF
NOI
$32.1K $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%
$642,680
Cap Rate 7%
$459,057
Cap Rate 9%
$357,044
Alternative Uses
Best Use
Office B
$459.1K
$401.7K – $535.6K
NOI $32,134 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$410.8K
$359.4K – $479.2K
NOI $28,753 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$547.7K
$479.2K – $639.0K
NOI $38,338 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9,200 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28804, NC
23,964
Population
11,716
Households
2
Avg Household Size
44
Median Age
60%
College-Educated
93%
High-School Grad
28.7 sq mi
ZIP Area
835
Density / Sq Mi
$79,709
Median Household Income
$37,169
Median Earnings
$1,399
Median Rent
$528,500
Median Home Value
Market
Properties on Market for Medical Office Space in Buncombe County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Asheville Pet Rehab — 11 Orly Ln, Asheville, NC 28804
Frequently Asked Questions
What type of property is this?
Medical Office Space - A converted residence offers office space, existing utility connections, and additional land that may accommodate development.
Where is this medical office space located?
The property is located at 383 Weaverville Road Woodfin, NC.
What is the asking price?
The asking price for this property is $924,500.
What are key features of this property?
This property features: 1,732‑square‑foot converted residence built in 1925; Approximately 1.65 acres with land that could support additional development; Approximately 120 feet of corner frontage on Weaverville Highway; secondary access from Old Marshal Highway
