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    Office-Warehouse Flex Facility Title is generated by Realmo AI

    45 Spiral Road, Fairview, NC 28704

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    Claim this Listing
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    For Sale
    $1,600,000

    COMMERCIAL - Fairview, NC

    Property size:
    9,810 SF
    Lot size:
    3.41 Acres
    Price / SF:
    $163/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 45 Spiral Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    EMP
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Driveway, Parking Lot
    Standard status
    Active
    APN
    9643-78-1214-00000
    Lot size
    3.41 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE:03/04/2020 DEED:5870-1831 LOT:LOT 1 PLAT:0204-0174

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    1
    Building materials
    Aluminum, Metal
    Roof type
    Metal, Aluminum
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    John Allen

    Listing agent John Allen License #165703

    Listing office GreyBeard Realty 204 East State Street, Black Mountain, NC

    Listing date Jun 5, 2026

    MLS# 4389258

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 9,810 SF building with 7,200 SF warehouse, 990 SF office, and 1,620 SF covered loading/distribution space
    • 30' ceilings in the warehouse and covered loading area
    • 3‑phase power and HD concrete floor space
    • 3.41‑acre, level site with high‑density gravel main drive and parking area in very good condition
    • All‑weather road provides 53' trailer access with ample turnaround area
    • 2011 construction; central air and central electric heating; metal/aluminum roof; aluminum/metal construction

    Overview

    This flex facility totals 9,810 square feet and is designed for light manufacturing and/or office-warehouse use. The building includes 7,200 square feet of warehouse area, 990 square feet of office space, and 1,620 square feet of covered loading and distribution space. Both the warehouse and covered loading areas feature 30' ceilings, with 3-phase power available and HD concrete floor space throughout.

    The property sits on a level 3.41-acre site with a high-density gravel main drive and parking area in very good condition. Access is supported by an all-weather road with 53' trailer access and an ample turn-around area. The location is described as being convenient to I-26 and the Asheville-Hendersonville Regional Airport.

    For tenants or buyers seeking a combined warehouse and office setup with substantial covered loading, this facility provides a practical configuration for distribution, warehousing, and light production activities. The covered distribution area and truck-ready site layout can support day-to-day loading and receiving, while the larger site also allows for potential future expansion or laydown space, subject to applicable approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Fairview
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5975
    Latitude
    35.4582

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    FAQs

    What type of property is this?
    Flex space - Light manufacturing and office layout with covered loading, 30' ceilings, HD floors, and 53' trailer access.
    Where is this flex space located?
    The property is located at 45 Spiral Road Fairview, NC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 9,810 SF building with 7,200 SF warehouse, 990 SF office, and 1,620 SF covered loading/distribution space; 30' ceilings in the warehouse and covered loading area; 3‑phase power and HD concrete floor space
    (704) 607-5514
    We can help!
    Listing Contact
    John Allen
    Real Estate License ID: 165703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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