Office Building with Eight
For Sale
$899,900
4 Northcrest Drive, Weaverville, NC 28787
A two-bathroom office property has 13 parking spaces, updated HVAC systems, and a metal roof.
Property Size2,710 SF
Price / SF$332.07
Days on Market212
Property Features for 4 Northcrest Drive
General Information
Standard status
Active
Size
2,710 SF
Net Rentable
2,700 SF
Total Parking Spaces
13
Property subtype
Office
Net Operating Income
$56,700
Additional Details
Road Access
Yes
Office Units
1
Tenant in Place
Yes
Amenities
landscaping
Building Details
Building Size
2,710 SF
Year Built
1888
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Professionals
Listed By:
Jake Mossman · License #325658
(828) 367-9148
Source:
Elevateasheville
Added: Mar 31
Changed: Oct 27
Last Checked: Oct 27 at 3:18AM
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 Keller Williams Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains eight offices and two bathrooms, with a 13-space parking lot. The exterior is maintained and landscaped, and the property has a metal roof and HVAC systems replaced within the last few years. The reported building area is 2,710 square feet; the remarks cite 2,700 rentable square feet.
The property sits at the corner of Northcrest Drive and Monticello Road in Weaverville, near Walmart and Lowe’s. The remarks also identify a planned 67-bed AdventHealth hospital a few minutes away, with construction cleared to proceed.
The building is leased on an NNN basis. The lease includes built-in rental escalations.
The property sits at the corner of Northcrest Drive and Monticello Road in Weaverville, near Walmart and Lowe’s. The remarks also identify a planned 67-bed AdventHealth hospital a few minutes away, with construction cleared to proceed.
The building is leased on an NNN basis. The lease includes built-in rental escalations.
Key Highlights
- 8 offices and 2 bathrooms
- 13‑car parking lot
- 2,710 square feet of building area; remarks cite 2,700 rentable square feet
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
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-bathroom office property has 13 parking spaces, updated HVAC systems, and a metal roof.
Where is this office building 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: 8 offices and 2 bathrooms; 13‑car parking lot; 2,710 square feet of building area; remarks cite 2,700 rentable square feet
