Weaverville Commercial Property For
For Sale
$899,900
Pending
4 Northcrest Drive, Weaverville, NC 28787
SINGLE_FAMILY - Weaverville, NC
Property Size2,700 SF
Lot Size0.42 Acres
Days on Market142
Property Features for 4 Northcrest Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
I-1
Zoning description
I-1
Parking
13
Parking features
Parking Lot
Patio and Porch features
Porch
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level
Standard status
Pending
APN
9733-70-1669-00000
Size
2,700 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
DEED DATE:05/06/2020 DEED:5893-1788 PLAT:0126-0173
Legal Description
DEED DATE:05/06/2020 DEED:5893-1788 PLAT:0126-0173
Utilities
Sewer type
Public Sewer
Building Details
Year built
1888
Floors in Building
2
Flooring type
Wood, Tile
Roof type
Metal
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(828) 658-1900
Listed By:
Jake Mossman · License #325658
(828) 367-9148
Added: Mar 31
Changed: May 19
Last Checked: Aug 19 at 10:06AM
MLS# 4360266
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at the corner of Northcrest Road and Monticello Road, 4 Northcrest Drive is situated on a lot with 8,000 cars per day near Walmart and Lowe's. The property is positioned in Weaverville's rapidly expanding commercial and medical corridor. A 67-bed AdventHealth hospital is under construction minutes away. The building offers 2700 rentable square feet, 8 offices, and 2 bathrooms. The property includes a 13-car parking lot. It features a new metal roof and HVAC systems replaced within the last few years, along with a well-maintained exterior and landscaping. The property provides a passive NNN income stream with rental escalations and future marketability. The zoning is I-1. The lot size is 0.42 acres. The NOI is currently $56,700 and increases 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.
- Proximity to AdventHealth's new 67‑bed hospital, creating a significant healthcare‑driven growth opportunity.
- Stabilized, passive NNN income stream with built‑in rental escalations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,880
$1.0M
Cap Rate 7%
$715,629
$715.6K
Cap Rate 9%
$556,600
$556.6K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$68.4K $25.32/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$66.8K $24.74/SF
− OpEx
−$16.7K −$6.18/SF
NOI
$50.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,880
Cap Rate 7%
$715,629
Cap Rate 9%
$556,600
Alternative Uses
Best Use
Office B
$715.6K
$626.2K – $834.9K
NOI $50,094 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property in growing Weaverville corridor, near future hospital.
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: Prime location in Weaverville's rapidly expanding commercial and medical corridor, near Walmart and Lowe's.; Proximity to AdventHealth's new 67‑bed hospital, creating a significant healthcare‑driven growth opportunity.; Stabilized, passive NNN income stream with built‑in rental escalations.
