Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Regent Park Blvd Asheville, NC 28806

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    Retail space available in Regent Park Center near Sam’s Club.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 8:49 pm

    Property Features for 5 Regent Park Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2001

    Spaces For Lease

    at 5 Regent Park Blvd Contact us

    We can help!

    Listing Contact
    Jesse Toller, PE

    Listing agent Jesse Toller, PE License #NC #339207

    Listing office

    Listing date Mar 6, 2026

    Source Deweypa

    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 Jesse Toller, PE

    Overview

    Retail Space in Regent Park

    Retail suite 101 is available for rent in Regent Park Center, situated at the entrance to Sam’s Club off the I-240 / I-26 / Patton Avenue connector. The space is delivered as a warm shell with plumbing throughout, making it suitable for a future food and beverage upfit. Note that the space does not have a hood. Water, trash, and common area lighting are included in the NNN base rent. Ample parking is available. Strong neighboring tenants are present. NNN charges are estimated at $5.95 per square foot.
    Location Intelligence

    Current Use by Public Records

    Favilla's New York ... Restaurant Kim's Oriental Food ... (Bike/Boat/Book/etc) Store Rita's Italian Ice ... Grocery & Convenience Store Misha's Alterations & Tailor (Bike/Boat/Book/etc) Store Regent Park Center Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5822
    Latitude
    35.5899

    Nearby Similar for Lease

    • Contact for pricing

      Broadway Corridor Commercial Space

      Mixed-use space near downtown Asheville and Historic Montford Community.
      257 Broadway Street unit: 309, Asheville, NC 28801
      View Details
    • Contact for pricing

      West Asheville Commercial Space Available

      Functional office/retail/medical/flex space in the heart of West Asheville.
      1056 Haywood Road unit: D, Asheville, NC 28806
      View Details
    • Contact for pricing

      Downtown Asheville Office Space Available

      Prime downtown Asheville office space for lease with income potential.
      124 College Street, Asheville, NC 28801
      View Details
    • Contact for pricing

      Historic Retail Space in Asheville

      Charming retail space in the heart of downtown Asheville.
      6 College Street, Asheville, NC 28801
      View Details
    • $24/mo

      Asheville Lab Space For Rent

      Operational lab space in South Asheville professional corridor. Move-in ready.
      9 Walden Ridge Dr, STE 30, Asheville, NC 28803
      View Details
    • $10/mo

      Downtown Asheville Office Space

      Affordable downtown office or storage space for lease.
      53 N Market St, Asheville, NC 28801
      View Details
    • $25/mo

      South Slope Retail Space Available

      Two retail spaces available in Asheville's South Slope Brewing District.
      186-188 Coxe Avenue, Asheville, NC 28801
      View Details
    • Contact for pricing

      Medical Office Condo in Asheville

      Ready-to-occupy medical office in established healthcare corridor.
      1998 Hendersonville Road, Asheville, NC 28803
      View Details
    • $20/mo

      Asheville Flex Space with Dock

      7,140 SF flex facility with abundant parking.
      1260 Sweeten Creek Rd, Asheville, NC 28803
      View Details
    • $24/mo

      Asheville Office Building For Lease

      Two-story office building in downtown Asheville, zoned CBD.
      168 Patton Avenue, Asheville, NC 28801
      View Details
    • Contact for pricing

      Asheville CBD Food Service Space

      Restaurant space in upscale residential building with existing equipment.
      45 Asheland Avenue, Asheville, NC 28801
      View Details
    • Sponsored
      Contact for pricing

      NC, Asheville - Biltmore Ave

      16 Biltmore Ave, Asheville, NC 28801
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Regent Park Center near Sam’s Club.
    Where is this retail space located?
    The property is located at 5 Regent Park Blvd Asheville, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Located at the entrance to Sam’s Club off the I‑240 / I‑26/ Patton Avenue connector.; Warm shell delivery with plumbing throughout the space, conducive for food and beverage upfit.; Ample parking.
    (828) 548-0090
    We can help!
    Listing Contact
    Jesse Toller, PE
    Real Estate License ID: NC #339207
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!