Versatile Commercial Property Near
For Sale
$379,000
4204 Greenville Highway, Brevard, NC 28712
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 Market160
Property Features for 4204 Greenville Highway
General Information
Standard status
Active
Size
3,200 SF
Lot size
3.24 Acres
Property subtype
Commercial
Amenities
Central air
Metal Roof
Carpet Flooring
Central Air Cooling
Concrete Flooring
Private
Tile Flooring
Wooded
Building Details
Year Built
1999
Listing Agency:
RE/MAX LAND OF THE WATERFALLS
(828) 884-7653
Listed By:
BILLY JOE MCCOY · License #262548
(828) 553-2325
Source:
Corcoran
Added: May 11
Changed: Oct 16
Last Checked: Oct 16 at 8:40AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,910
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,200
$378.2K
Cap Rate 7%
$270,143
$270.1K
Cap Rate 9%
$210,111
$210.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$28.8K $9.00/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$27.0K $8.44/SF
− OpEx
−$8.1K −$2.53/SF
NOI
$18.9K $5.91/SF
Area
Transylvania County, NC
Vacancy
6.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,200
Cap Rate 7%
$270,143
Cap Rate 9%
$210,111
Alternative Uses
Best Use
Flex RnD
$556.3K
$486.7K – $649.0K
NOI $38,938 @ 7.0% cap · market cap 10.27%
Second Best
Industrial
$270.1K
$236.4K – $315.2K
NOI $18,910 @ 7.0% cap · market cap 4.99%
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28712, NC
18,928
Population
10,714
Households
1.8
Avg Household Size
52
Median Age
40%
College-Educated
94%
High-School Grad
116.2 sq mi
ZIP Area
163
Density / Sq Mi
$61,560
Median Household Income
$34,583
Median Earnings
$939
Median Rent
$372,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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.
