Weaverville Commercial Property For
For Sale
$899,900
4 Northcrest Drive, Weaverville, NC 28787
Commercial property in Weaverville's expanding commercial and medical corridor.
Property Size2,710 SF
Price / SF$332.07
Days on Market198
Property Features for 4 Northcrest Drive
General Information
Standard status
Active
Size
2,710 SF
Total Parking Spaces
13
Property subtype
Commercial
Zoning
I-1
Net Operating Income
$56,910
Amenities
Tile,Wood
No
Building
Corner Lot,Level
City
0.42
300
13
Parking Lot
Paved
Pillar/Post/Pier
City Street
2710
1
Publicly Maintained Road
Building Details
Year Built
1888
Buildings
1
Stories
2
Listing Agency:
Walnut Cove Realty/Allen Tate/Beverly-Hanks
(864) 288-4048
Listed By:
Melissa Brumbaugh · License #0225-072688
(540) 815-4880
Source:
Cdanjoyner
Added: Mar 31
Changed: Oct 13
Last Checked: Oct 12 at 6:02PM
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 Walnut Cove Realty/Allen Tate/Beverly-Hanks
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,279
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,580
$1.0M
Cap Rate 7%
$718,271
$718.3K
Cap Rate 9%
$558,656
$558.7K
Market Conditions
NOI Build-Up for 2,710 SF
Gross rent
$68.6K $25.32/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$67.0K $24.74/SF
− OpEx
−$16.8K −$6.18/SF
NOI
$50.3K $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%
$1,005,580
Cap Rate 7%
$718,271
Cap Rate 9%
$558,656
Alternative Uses
Best Use
Office B
$718.3K
$628.5K – $838.0K
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
NOI $59,986 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
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Business Placement
Demographics for 28787, NC
21,948
Population
10,863
Households
2
Avg Household Size
47
Median Age
44%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
276
Density / Sq Mi
$75,051
Median Household Income
$39,724
Median Earnings
$1,198
Median Rent
$379,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
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.
