Medical Office Suite with Exam
For Sale
Contact for pricing
5 Doctors Park #A1, Asheville, NC 28801
Former podiatry suite offers private offices, reception, five exam rooms with sinks, and a dedicated breakroom.
Property Size1,966 SF
Price / SF$0.01
Days on Market111
Property Features for 5 Doctors Park #A1
General Information
Standard status
Active
Size
1,966 SF
Property subtype
Medical
Amenities
Level, Paved
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 9648-45-1100-C005A, Assessed Value: $183,700
Carpet, Linoleum, Wood
Central Air
Central
Listing ID: CAR4404319, Standard Status: Active, MLS Status: Active, Property Subtype: Medical, 49 days on market
Other Parking: Ample parking in shared lot., Parking Lot
Built in 1966, Living area: 2034, 1 building, Construction Materials: Brick Full
County/Parish: Buncombe
Elevation: 2000
3 total bathrooms
Electricity Connected, Water Source: City
All Utilities
Frontage Type: City Street, State Road, Road Responsibility: Publicly Maintained Road, Private Maintained Road, Road Surface: Paved
Smoke Detector(s)
Mobility Friendly Flooring
Building Details
Building Size
1,966 SF
Year Built
1966
Listing Agency:
Likewise Commercial Real Estate
Listed By:
Carla Barnard · License #286709
(828) 222-3685
Source:
Blackstreaminternational
Added: Jul 16
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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 Likewise Commercial Real Estate
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Investment Insights
Based on property information with market context.
This ±2,034 SF former podiatry office suite is located within an established medical office park and is zoned INST (Institutional). The space is designed around a healthcare-oriented layout, including a welcoming reception and waiting area, three private offices, five exam rooms equipped with sinks, a dedicated breakroom, and ample storage.
The suite provides ample on-site parking and convenient access, positioned in central Asheville just off Biltmore Avenue (US 25). It is approximately 1 mile from Interstate 240 and 2 miles from Interstate 26, with Mission Hospital less than 2 miles away.
The space is suitable for a range of institutional and professional uses, subject to COA approval, with nearby medical and professional practices including Asheville Cardiology Associates, Asheville Gastroenterology Associates, and Asheville Eye Associates.
The suite provides ample on-site parking and convenient access, positioned in central Asheville just off Biltmore Avenue (US 25). It is approximately 1 mile from Interstate 240 and 2 miles from Interstate 26, with Mission Hospital less than 2 miles away.
The space is suitable for a range of institutional and professional uses, subject to COA approval, with nearby medical and professional practices including Asheville Cardiology Associates, Asheville Gastroenterology Associates, and Asheville Eye Associates.
Key Highlights
- Former podiatry office suite with 2,034 SF built in 1966 in an established medical office park
- Zoned INST (Institutional); healthcare‑oriented layout with reception/waiting area and dedicated breakroom
- Includes three private offices, five exam rooms with sinks, and ample storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,767
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,340
$675.3K
Cap Rate 7%
$482,386
$482.4K
Cap Rate 9%
$375,189
$375.2K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$57.6K $28.32/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$56.3K $27.67/SF
− OpEx
−$22.5K −$11.07/SF
NOI
$33.8K $16.60/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,340
Cap Rate 7%
$482,386
Cap Rate 9%
$375,189
Alternative Uses
Best Use
Office B
$539.1K
$471.7K – $629.0K
NOI $37,737 @ 7.0% cap · market cap 221,982.35%
Second Best
Healthcare Medical
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 198,629.41%
Theoretical Best
Office A
$643.2K
$562.8K – $750.4K
NOI $45,022 @ 7.0% cap · market cap 264,835.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former podiatry suite offers private offices, reception, five exam rooms with sinks, and a dedicated breakroom.
Where is this medical office space located?
The property is located at 5 Doctors Park #A1 Asheville, NC.
What are key features of this property?
This property features: Former podiatry office suite with 2,034 SF built in 1966 in an established medical office park; Zoned INST (Institutional); healthcare‑oriented layout with reception/waiting area and dedicated breakroom; Includes three private offices, five exam rooms with sinks, and ample storage space
