Historic Mixed-Use
For Sale
$800,000
444 S Broad Street, Brevard, NC 28712
DMX zoning and a downtown Brevard address place the property near shops, restaurants, and the library.
Property Size2,219 SF
Price / SF$360.52
Days on Market22
Property Features for 444 S Broad Street
General Information
Standard status
Active
Size
2,219 SF
Property subtype
N/A
Building Details
Year Built
1900
Listing Agency:
Luxe Fine Properties
Listed By:
Tamera Merrill
(980) 328-7109
Source:
Luxefineproperties
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 1:56PM
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 Luxe Fine Properties
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Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property contains 2,219 square feet at 444 S Broad Street in Brevard. The site has DMX zoning, a laundry room, a detached carport, and a driveway, with asphalt and paved surfaces noted. The property is served by a publicly maintained road and includes a crawl space.
Shops, restaurants, and the library are among the downtown amenities nearby.
Shops, restaurants, and the library are among the downtown amenities nearby.
Key Highlights
- 2,219 square feet of mixed‑use space
- Built in 1900
- DMX zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,860
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,200
$557.2K
Cap Rate 7%
$398,000
$398.0K
Cap Rate 9%
$309,556
$309.6K
Market Conditions
NOI Build-Up for 2,219 SF
Gross rent
$47.9K $21.60/SF
− Vacancy
−$3.4K −$1.51/SF
EGI
$44.6K $20.09/SF
− OpEx
−$16.7K −$7.53/SF
NOI
$27.9K $12.56/SF
Area
Transylvania County, NC
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,200
Cap Rate 7%
$398,000
Cap Rate 9%
$309,556
Alternative Uses
Best Use
Mixed Use
$398.0K
$348.3K – $464.3K
NOI $27,860 @ 7.0% cap · market cap 3.48%
Second Best
Retail
$389.0K
$340.4K – $453.9K
NOI $27,232 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$653.5K
$571.8K – $762.5K
NOI $45,747 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - DMX zoning and a downtown Brevard address place the property near shops, restaurants, and the library.
Where is this mixed-use property located?
The property is located at 444 S Broad Street Brevard, NC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,219 square feet of mixed‑use space; Built in 1900; DMX zoning
