Retail Space with Security
For Sale
Contact for pricing
414 Depot Street #B, Asheville, NC 28801
Flexible commercial space offers customer parking and roll-down doors for after-hours security.
Property Size1,983 SF
Price / SF$2.08
Days on Market58
Property Features for 414 Depot Street #B
General Information
Standard status
Active
Size
1,983 SF
Property subtype
Retail
Amenities
roll-down security doors
Public Sewer
Additional parcels description:, Parcel Number: 9648-04-7689-00000, Assessed Value: $1.001e+06
Listing ID: CAR4420484, Standard Status: Active, MLS Status: Active, Property Subtype: Retail
Parking Space(s)
Display Window(s)
Built in 1983, Construction Materials: Concrete
County/Parish: Buncombe
Natural Gas, Water Source: City
Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,983 SF
Year Built
1983
Listing Agency:
NAI Beverly-Hanks
(828) 210-3940
Listed By:
Ian Moorrees · License ##337555
(828) 620-2022
Source:
Blackstreaminternational
Added: Sep 3
Changed: Oct 29
Last Checked: Oct 28 at 7:31AM
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 NAI Beverly-Hanks
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Investment Insights
Based on property information with market context.
Unit B at 414 Depot Street provides 1,632 SF of retail space in Asheville’s River Arts District. Built in 1983, the property offers an open interior that can be configured around a future operator’s requirements, subject to applicable approvals and buildout needs.
On-site parking supports convenient access for customers and staff, while roll-down security doors provide added protection when the space is closed. The property may accommodate retail, restaurant, coffee shop, or vape shop uses, subject to approvals and required improvements.
On-site parking supports convenient access for customers and staff, while roll-down security doors provide added protection when the space is closed. The property may accommodate retail, restaurant, coffee shop, or vape shop uses, subject to approvals and required improvements.
Key Highlights
- 1,632 SF retail space in Asheville’s River Arts District
- On‑site parking for customers and staff
- Roll‑down security doors for after‑hours protection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,720
$382.7K
Cap Rate 7%
$273,371
$273.4K
Cap Rate 9%
$212,622
$212.6K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$27.8K $17.04/SF
− Vacancy
−$473 −$0.29/SF
EGI
$27.3K $16.75/SF
− OpEx
−$8.2K −$5.03/SF
NOI
$19.1K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,720
Cap Rate 7%
$273,371
Cap Rate 9%
$212,622
Alternative Uses
Best Use
Retail
$273.4K
$239.2K – $318.9K
NOI $19,136 @ 7.0% cap · market cap 562.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.1K
$451.6K – $602.1K
NOI $36,124 @ 7.0% cap · market cap 1,062.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
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Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space offers customer parking and roll-down doors for after-hours security.
Where is this retail space located?
The property is located at 414 Depot Street #B Asheville, NC.
What are key features of this property?
This property features: 1,632 SF retail space in Asheville’s River Arts District; On‑site parking for customers and staff; Roll‑down security doors for after‑hours protection
