Class A Office Condo
For Sale
$1,200,000
401 N Main Street # 3, Hendersonville, NC 28792
3rd-floor Class A office condo includes private offices, conference room, and adjacent kitchen with side-street elevator or stair access.
Property Size5,612 SF
Price / SF$213.83
Days on Market491
Property Features for 401 N Main Street # 3
General Information
Standard status
Active
Size
5,612 SF
Class
A
Total Parking Spaces
5
Property subtype
Commercial
Additional Details
Office Units
1
Amenities
Carpet,Tile
No
Insulated Window(s)
Building
Corner Lot,Paved
City
0.1354
176
5
Assigned,Parking Space(s) (Off Site),Other - See Remarks
Paved
Crawl Space
City Street
5612
1
Publicly Maintained Road
Building Details
Year Built
1923
Buildings
1
Listing Agency:
LandCrazy.com
(864) 242-6650
Listed By:
Ted Green
(864) 684-8789
Source:
Cdanjoyner
Added: Jun 6, 2025
Changed: Oct 7
Last Checked: Oct 7 at 10:06AM
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 LandCrazy.com
Investment Insights
Based on property information with market context.
Available for sale is a Class A office condo suite located on the entire 3rd floor of a downtown building. The floor plan includes seven to eight private offices, a spacious conference room, and an adjacent kitchen. Well-designed storage areas provide flexibility and may be converted into additional office space if needed.
Access is available from a side street entrance, with service to the 3rd floor via elevator or stairway. The condo association manages five dedicated parking spaces across 4th Avenue West.
The suite is positioned at a corner location on 4th Avenue West and Main Street, and is offered as part of a condominium structure where each floor has been set up as its own condo.
Access is available from a side street entrance, with service to the 3rd floor via elevator or stairway. The condo association manages five dedicated parking spaces across 4th Avenue West.
The suite is positioned at a corner location on 4th Avenue West and Main Street, and is offered as part of a condominium structure where each floor has been set up as its own condo.
Key Highlights
- Entire 3rd floor Class A office condo in Historic Downtown Hendersonville at the corner of 4th Avenue West and Main Street
- Over 5,700 SF on the 3rd floor with condo setup; side‑street entrance provides access via elevator or stairway
- Layout includes seven to eight private offices plus a spacious conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,188
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,760
$2.0M
Cap Rate 7%
$1,402,686
$1.4M
Cap Rate 9%
$1,090,978
$1.1M
Market Conditions
NOI Build-Up for 5,612 SF
Gross rent
$134.7K $24.00/SF
− Vacancy
−$3.8K −$0.67/SF
EGI
$130.9K $23.33/SF
− OpEx
−$32.7K −$5.83/SF
NOI
$98.2K $17.50/SF
Area
Henderson County, NC
Vacancy
2.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,760
Cap Rate 7%
$1,402,686
Cap Rate 9%
$1,090,978
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,188 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,917 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 3rd-floor Class A office condo includes private offices, conference room, and adjacent kitchen with side-street elevator or stair access.
Where is this office units located?
The property is located at 401 N Main Street # 3 Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Entire 3rd floor Class A office condo in Historic Downtown Hendersonville at the corner of 4th Avenue West and Main Street; Over 5,700 SF on the 3rd floor with condo setup; side‑street entrance provides access via elevator or stairway; Layout includes seven to eight private offices plus a spacious conference room
