Office Unit with Elevator
For Sale
$445,000
49 Broadway Street Unit 204, Asheville, NC 28801
An open-plan office includes dedicated parking in the basement garage.
Property Size1,105 SF
Price / SF$402.71
Days on Market9
Property Features for 49 Broadway Street Unit 204
General Information
Standard status
Active
Size
1,105 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Commercial
Additional Details
HOA Fee
$335
Road Access
Yes
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
1928
Listing Agency:
Pulliam Properties,Inc
Listed By:
James Wilson · License #185498
(828) 768-7098
Source:
Preferredprop
Added: Oct 24
Changed: Oct 30
Last Checked: Oct 30 at 12:47PM
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 Pulliam Properties,Inc
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Investment Insights
Based on property information with market context.
Built in 1928, this 1,105-square-foot office condominium features an open layout and elevator access. The unit is at 49 Broadway Street, #204, in Asheville’s Central Business District, with frontage on Broadway Street.
One dedicated parking space is in the basement garage, which is accessed from the rear alley. The office is leased until 2/28/2027.
One dedicated parking space is in the basement garage, which is accessed from the rear alley. The office is leased until 2/28/2027.
Key Highlights
- 1,105‑square‑foot office unit in Asheville’s Central Business District
- Open layout with elevator access
- Broadway Street frontage at 49 Broadway Street, #204
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,501
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,020
$410.0K
Cap Rate 7%
$292,871
$292.9K
Cap Rate 9%
$227,789
$227.8K
Market Conditions
NOI Build-Up for 1,105 SF
Gross rent
$28.0K $25.32/SF
− Vacancy
−$644 −$0.58/SF
EGI
$27.3K $24.74/SF
− OpEx
−$6.8K −$6.18/SF
NOI
$20.5K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,020
Cap Rate 7%
$292,871
Cap Rate 9%
$227,789
Alternative Uses
Best Use
Office B
$292.9K
$256.3K – $341.7K
NOI $20,501 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.4K
$305.7K – $407.7K
NOI $24,459 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,260
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan office includes dedicated parking in the basement garage.
Where is this office unit located?
The property is located at 49 Broadway Street Unit 204 Asheville, NC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,105‑square‑foot office unit in Asheville’s Central Business District; Open layout with elevator access; Broadway Street frontage at 49 Broadway Street, #204
