Flex Space with Warehouse and
New
For Sale
$1,200,000
5 Woodland Drive, Asheville, NC 28806
SINGLE_FAMILY - Asheville, NC
Property Size10,000 SF
Lot Size0.60 Acres
Price / SF$120
Days on Market2
Property Features for 5 Woodland Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
HB
Zoning description
Highway Business
Parking features
Driveway, Parking Lot
Directions
From West Asheville/Haywood Road: Travel west on Patton Ave/Smokey Park Hwy/US-19 for ~1mi. Turn right onto Old Haywood Road and travel ~0.2mi. Sharp right turn onto Woodland Drive. Location is second driveway on right. From I-40: Use Exit 44. Travel east on Smokey Park Hwy/US-19 for ~0.1mi. Turn left onto Old Haywood Road. Travel ~1.2mi and veer left onto Woodland Drive. Location is second driveway on the right.
Standard status
Active
APN
9628322558
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
A portion of the Metes & Bounds (see attached aerials photos with lot lines)
Legal Description
A portion of the Metes & Bounds (see attached aerials photos with lot lines)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Radiant, Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Concrete, Laminate
Building materials
Aluminum
Roof type
Aluminum
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(828) 254-7253
Listed By:
Scott Mirkin · License #324454
(828) 335-0808
Added: Jul 31
Last Checked: Aug 1 at 12:06AM
MLS# 4409870
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.
Investment Insights
Based on property information with market context.
This flex space is configured with approximately 9,000 SF of warehouse space and approximately 1,000 SF of office space. The property sits on an approximately 0.6 AC parcel and includes parking with a driveway and parking lot. Built in 1974, it features aluminum construction materials and an aluminum roof, with concrete and laminate flooring. Heating is provided via radiant and ductless systems, with ductless cooling.
The property is zoned HB (Highway Business). It’s positioned in West Asheville with easy arterial access to US-19/23 and I-40, supporting operations that combine storage, distribution, small manufacturing, and administrative functions.
Utilities include public water and public sewer, with cable available. Parking access guidance is provided for use from Woodland Dr after turning off Old Haywood Rd, using the second driveway on the right, and avoiding the neighboring school’s driveway and parking lot.
The property is zoned HB (Highway Business). It’s positioned in West Asheville with easy arterial access to US-19/23 and I-40, supporting operations that combine storage, distribution, small manufacturing, and administrative functions.
Utilities include public water and public sewer, with cable available. Parking access guidance is provided for use from Woodland Dr after turning off Old Haywood Rd, using the second driveway on the right, and avoiding the neighboring school’s driveway and parking lot.
Key Highlights
- Approximately 9,000 SF warehouse plus approximately 1,000 SF office space
- HB (Highway Business) zoning
- Approximately 0.6 AC parcel with driveway and parking lot
Financial Insights For Warehouse
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 | $102.0k | $10.20 |
| − Vacancy | −$2.4k | −$0.24 |
| EGI | $99.6k | $9.96 |
| − OpEx | −$14.9k | −$1.49 |
| NOI | $84.6k | $8.46 |
10,000 SF · lease $10.20/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,532 @ 7.0% cap · market cap 15.46%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,619 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,349 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with warehouse and office components zoned HB Highway Business, with ample on-site parking and public utilities.
Where is this flex space located?
The property is located at 5 Woodland Drive Asheville, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 9,000 SF warehouse plus approximately 1,000 SF office space; HB (Highway Business) zoning; Approximately 0.6 AC parcel with driveway and parking lot
