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Weaverville Commercial Property For Sale

4 Northcrest Drive Weaverville, NC 28787

4 Northcrest Drive, Weaverville, NC, 28787
$899,900
For Sale
Claim this Listing
$899,900

Commercial property in Weaverville's expanding commercial and medical corridor.

Property Size2,710 SF
Price / SF$332.07
AddedMar 31
Days on Market108
Last RefreshJul 16 at 6:08 am

Property Features for 4 Northcrest Drive

General Information

Standard status
Active
Size
2,710 SF
Property subtype
Commercial

Building Details

Year Built
1888

Listing office KELLER WILLIAMS PROFESSIONALS

Listing date Mar 31, 2026

Source Corcoran

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 KELLER WILLIAMS PROFESSIONALS


Investment Insights

Based on property information with market context.

Located at the corner of Northcrest Road and Monticello Road on a lot with 8,000 cars per day, 4 Northcrest Drive is situated in Weaverville's rapidly expanding commercial and medical corridor. The property is near Walmart and Lowe's. A 67-bed AdventHealth hospital is under construction minutes away. The building offers 2700 rentable square feet, 8 offices, and 2 bathrooms. It also features a 13-car parking lot, a new metal roof, and HVAC systems replaced within the last few years. The exterior is well-maintained with landscaping. The property provides a stabilized, passive NNN income stream with rental escalations. The Net Operating Income (NOI) is currently $56,700 and will increase to $58,600 in November. The lease rate is currently $21 per square foot, and TICAMs are $3 per square foot.

Key Highlights

  • Prime location in Weaverville's rapidly expanding commercial and medical corridor, near Walmart and Lowe's.
  • Significant healthcare‑driven growth opportunity due to proximity to AdventHealth's new 67‑bed hospital.
  • Stabilized, passive NNN income stream with a strong tenant.

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 $68.6k $25.32
− Vacancy −$1.6k −$0.58
EGI $67.0k $24.74
− OpEx −$16.8k −$6.18
NOI $50.3k $18.55
2,710 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%

Alternative Uses

Best Use
Office B
$718.3K
$628.5K – $838.0K (±1% cap)
NOI $50,279 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.9K
$749.8K – $999.8K (±1% cap)
NOI $59,986 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Electrical Service Dental Office Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Building Supply Daycare Center (Bike/Boat/Book/etc) Store Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
NNN property - Commercial property in Weaverville's expanding commercial and medical corridor.
Where is this nnn property located?
The property is located at 4 Northcrest Drive Weaverville, NC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Prime location in Weaverville's rapidly expanding commercial and medical corridor, near Walmart and Lowe's.; Significant healthcare‑driven growth opportunity due to proximity to AdventHealth's new 67‑bed hospital.; Stabilized, passive NNN income stream with a strong tenant.
Contact an agent
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