Class A Medical Office
For Sale
$1,875,000
Pending
4 Vanderbilt Park Drive, Asheville, NC 28803
Medical and dental office suite with reception area, five exam/treatment rooms, imaging, lab and recovery space.
Property Size2,013 SF
Days on Market104
Property Features for 4 Vanderbilt Park Drive
General Information
Standard status
Pending
Size
2,013 SF
Class
A
Property subtype
Medical
Additional Details
Highway Access
Yes
Amenities
Additional parcels description:, Parcel Number: 9647-75-2700-C0210, Assessed Value: $1.0256e+06
Listing ID: CAR4406927, Standard Status: Active Under Contract, MLS Status: Under Contract-Show, Property Subtype: Medical, 54 days on market, Special Conditions: None
Built in 2013
County/Parish: Buncombe
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,013 SF
Year Built
2013
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker · License #227527
(828) 713-0777
Source:
Blackstreaminternational
Added: Jul 23
Changed: Nov 1
Last Checked: Nov 3 at 7:23AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$66,977
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,540
$1.3M
Cap Rate 7%
$956,814
$956.8K
Cap Rate 9%
$744,189
$744.2K
Market Conditions
NOI Build-Up for 3,610 SF
Gross rent
$91.4K $25.32/SF
− Vacancy
−$2.1K −$0.58/SF
EGI
$89.3K $24.74/SF
− OpEx
−$22.3K −$6.18/SF
NOI
$67.0K $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%
$1,339,540
Cap Rate 7%
$956,814
Cap Rate 9%
$744,189
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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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
