Renovated Office Space For
5 Doctors Park Asheville, NC 28801
5 Doctors Park, Asheville, NC, 28801
Contact for pricing
For Sale
Contact for pricing
Renovated office with private offices, conference room, and kitchenette.
Property Size1,482 SF
Price / SF$249.66
Days on Market799
Property Features for 5 Doctors Park
General Information
- Standard status
- Active
- Size
- 1,482 SF
- Property subtype
- Office
Building Details
- Year Built
- 1966
Listing Agency
Ellington Realty Group
Listed by
A. Ryan Israel, CCIM · License #NC 268452
Source
Crexi
Added: May 9, 2024 Checked: Jul 15 at 9:57 pm
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 Ellington Realty Group
Investment Insights
Based on property information with market context.
This renovated office space is located in Doctors Park and features nicely appointed finishes. The 1482 square-foot office includes three private offices, a conference room, and a kitchenette. The floor plan is available for review. This property is suitable for commercial real estate purposes.
Key Highlights
- Renovated office space ready for immediate occupancy.
- Located in Doctors Park, offering a professional and convenient setting.
- 3 Private Offices provide dedicated workspace.
Local Financial Insights For Office B
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 | $37.5k | $25.32 |
| − Vacancy | −$863 | −$0.58 |
| EGI | $36.7k | $24.74 |
| − OpEx | −$9.2k | −$6.18 |
| NOI | $27.5k | $18.55 |
1,482 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$392.8K
$343.7K – $458.3K
NOI $27,496 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.6K
$410.1K – $546.7K
NOI $32,804 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Doctors Park Office ...
Real Estate Agency
Sudeshna Dasgupta-Obrien
Pediatrician
Dr. Emily Gordon
Physician
Mattina Wellness
Alternative Medicine Practice
Dr. Tanya Williams
Dental Office
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FAQs
What type of property is this?
Office units - Renovated office with private offices, conference room, and kitchenette.
Where is this office units located?
The property is located at 5 Doctors Park Asheville, NC.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Renovated office space ready for immediate occupancy.; Located in Doctors Park, offering a professional and convenient setting.; 3 Private Offices provide dedicated workspace.
