Class A Medical Office
4 Vanderbilt Park Drive Asheville, NC 28803
New
For Sale
$1,875,000
Medical and dental office suite with reception area, five exam/treatment rooms, imaging, lab and recovery space.
Property Size3,610 SF
Price / SF$519.39
Days on Market7
Property Features for 4 Vanderbilt Park Drive
General Information
Standard status
Active
Size
3,610 SF
Property subtype
Medical
Building Details
Year Built
2013
Listing Agency:
Whitney Commercial Real Estate
(828) 713-0777
Listed By:
Austin Walker
(828) 713-0777
Source:
Blackstreaminternational
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 29 at 6:19AM
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
Investment Insights
Based on property information with market context.
This Class A medical/dental office suite includes a reception and waiting area with natural lighting throughout. The interior configuration features five exam/treatment rooms, two private offices, two bathrooms, and a breakroom, along with an imaging room and other functional areas including lab and recovery. The space is described as immaculately constructed and thoughtfully designed.
The suite is located at 4 Vanderbilt Park Drive in Asheville, convenient to US 25 and I-40. The property provides abundant shared parking for patient and staff access.
The offering is presented as a modern medical office environment within the original Biltmore School Building and is available for sale and/or lease.
The suite is located at 4 Vanderbilt Park Drive in Asheville, convenient to US 25 and I-40. The property provides abundant shared parking for patient and staff access.
The offering is presented as a modern medical office environment within the original Biltmore School Building and is available for sale and/or lease.
Key Highlights
- 3,610 SF Class A medical/dental office suite at 4 Vanderbilt Dr., Ste. 210 (Asheville, NC)
- Reception/waiting area plus 5 exam/treatment rooms
- Includes imaging room, lab and recovery space
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 | $91.4k | $25.32 |
| − Vacancy | −$2.1k | −$0.58 |
| EGI | $89.3k | $24.74 |
| − OpEx | −$22.3k | −$6.18 |
| NOI | $67.0k | $18.55 |
3,610 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$956.8K
$837.2K – $1.12M
NOI $66,977 @ 7.0% cap · market cap 3.57%
Second Best
Healthcare Medical
$856.1K
$749.1K – $998.8K
NOI $59,930 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,907 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and dental office suite with reception area, five exam/treatment rooms, imaging, lab and recovery space.
Where is this medical office space located?
The property is located at 4 Vanderbilt Park Drive Asheville, NC.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 3,610 SF Class A medical/dental office suite at 4 Vanderbilt Dr., Ste. 210 (Asheville, NC); Reception/waiting area plus 5 exam/treatment rooms; Includes imaging room, lab and recovery space
