Versatile Commercial Property Near
4204 Greenville Highway Brevard, NC 28712
4204 Greenville Highway, Brevard, NC, 28712
$379,000
For Sale
$379,000
3.24-acre commercial property with office, warehouse, and workshop spaces.
Property Size3,200 SF
Lot Size3.24 Acres
Price / SF$118.44
Days on Market67
Property Features for 4204 Greenville Highway
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 3.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing Agency
RE/MAX LAND OF THE WATERFALLS
(828) 884-7653
Listed by
BILLY JOE MCCOY · License #262548
Source
Corcoran
Added: May 11 Checked: Jul 16 at 3:26 am
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 RE/MAX LAND OF THE WATERFALLS
Investment Insights
Based on property information with market context.
This commercial property, situated on 3.24 acres, features a 3,200 square foot building suitable for various business operations. The building includes three private offices, a conference room, warehouse space with loading dock access, and a full bathroom. A separate workshop provides additional space for storage, equipment, or specialized work areas. Recent improvements include a newly paved entrance, paved parking areas, and new retaining walls. Currently used as a custom builder's office and storage facility, the property offers a flexible layout for office, distribution, light industrial, or service-based operations. The property is located minutes from downtown Brevard.
Key Highlights
- 3.24 acre lot in a highly accessible location minutes from downtown Brevard.
- Approximately 3,200 sq ft building with versatile layout suitable for office, distribution, light industrial, or service‑based operations.
- Warehouse space with loading dock access.
Local Financial Insights For Warehouse
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 | $28.8k | $9.00 |
| − Vacancy | −$1.8k | −$0.56 |
| EGI | $27.0k | $8.44 |
| − OpEx | −$4.1k | −$1.27 |
| NOI | $23.0k | $7.18 |
3,200 SF · lease $9.00/SF/yr · vacancy 6.20% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$556.3K
$486.7K – $649.0K
NOI $38,938 @ 7.0% cap · market cap 10.27%
Second Best
Warehouse
$328.0K
$287.0K – $382.7K
NOI $22,962 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crone Custom Homes
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 3.24-acre commercial property with office, warehouse, and workshop spaces.
Where is this flex space located?
The property is located at 4204 Greenville Highway Brevard, NC.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3.24 acre lot in a highly accessible location minutes from downtown Brevard.; Approximately 3,200 sq ft building with versatile layout suitable for office, distribution, light industrial, or service‑based operations.; Warehouse space with loading dock access.
