Medical Office with Surgical
For Sale
$3,495,000
4 Medical Park Drive, Asheville, NC 28803
Clinical and administrative areas include exam rooms and a surgical suite, with 26 parking spaces on site.
Property Size8,911 SF
Lot Size0.71 Acres
Price / SF$392.21
Days on Market180
Property Features for 4 Medical Park Drive
General Information
Standard status
Active
Size
8,911 SF
Total Parking Spaces
26
Lot size
0.71 Acres
Property subtype
Commercial
Zoning
CI
Additional Details
Property Use
Medical Office
Medical Specialty
oral surgery
Building Details
Year Built
2000
Buildings
1
Stories
3
Building Size
8,911 SF
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker
Source:
Techrealtyllc
Added: May 4
Changed: Oct 28
Last Checked: Aug 18 at 10:05AM
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 Whitney Commercial Real Estate
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Investment Insights
Based on property information with market context.
The 8,911-square-foot medical office building occupies a 0.71-acre parcel and was constructed in 2000. Its clinical and administrative layout includes exam rooms and a surgical suite, with existing medical and dental infrastructure. A backup generator is present but is not operational. The property is zoned CI.
The site has 26 striped spaces across upper and lower parking areas, with paved parking and access from a publicly maintained road. Interstate access is within one mile.
The site has 26 striped spaces across upper and lower parking areas, with paved parking and access from a publicly maintained road. Interstate access is within one mile.
Key Highlights
- 8,911‑square‑foot medical office building on 0.71 acres
- Exam rooms, a surgical suite, and medical and dental infrastructure
- 26 striped parking spaces across upper and lower parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,328
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,306,560
$3.3M
Cap Rate 7%
$2,361,829
$2.4M
Cap Rate 9%
$1,836,978
$1.8M
Market Conditions
NOI Build-Up for 8,911 SF
Gross rent
$225.6K $25.32/SF
− Vacancy
−$5.2K −$0.58/SF
EGI
$220.4K $24.74/SF
− OpEx
−$55.1K −$6.18/SF
NOI
$165.3K $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%
$3,306,560
Cap Rate 7%
$2,361,829
Cap Rate 9%
$1,836,978
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,328 @ 7.0% cap · market cap 4.73%
Second Best
Healthcare Medical
$2.11M
$1.85M – $2.47M
NOI $147,933 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,244 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical and administrative areas include exam rooms and a surgical suite, with 26 parking spaces on site.
Where is this medical office space located?
The property is located at 4 Medical Park Drive Asheville, NC.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 8,911‑square‑foot medical office building on 0.71 acres; Exam rooms, a surgical suite, and medical and dental infrastructure; 26 striped parking spaces across upper and lower parking areas
