Third-Floor Office
New
For Sale
$1,200,000
401 N Main Street #3, Hendersonville, NC 28792
A conference room, kitchen, and adaptable storage support a range of professional office configurations.
Property Size5,612 SF
Price / SF$213.83
Days on Market2
Property Features for 401 N Main Street #3
General Information
Standard status
Active
Size
5,612 SF
Class
Class A
Total Parking Spaces
5
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
3
Office Units
1
Property Use
Office
Amenities
private offices
conference room
kitchen
storage areas
Building Details
Building Size
5,612 SF
Year Built
1923
Buildings
1
Abandoned
No
Listing Agency:
Howard Hanna Beverly-Hanks
Listed By:
Steve Dozier · License #197846
(828) 329-1529
Source:
Geoffcampbell
Added: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Howard Hanna Beverly-Hanks
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Investment Insights
Based on property information with market context.
This office condominium occupies the building’s third floor and includes seven to eight private offices, a conference room, and an adjoining kitchen. Storage areas offer flexibility, with the potential to be reconfigured as office space. The floor is served by an elevator and stairs from a side entrance.
At 401 N Main Street in downtown Hendersonville, the property sits at the corner of 4th Avenue West and Main Street. Restaurants and boutique shops are within walking distance. The condo association oversees five dedicated parking spaces on 4th Avenue West.
At 401 N Main Street in downtown Hendersonville, the property sits at the corner of 4th Avenue West and Main Street. Restaurants and boutique shops are within walking distance. The condo association oversees five dedicated parking spaces on 4th Avenue West.
Key Highlights
- Third‑floor office condominium with seven to eight private offices
- Conference room and adjoining kitchen
- Storage areas may be reconfigured as office space
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.
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A conference room, kitchen, and adaptable storage support a range of professional office configurations.
Where is this office unit 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: Third‑floor office condominium with seven to eight private offices; Conference room and adjoining kitchen; Storage areas may be reconfigured as office space
