Flex Space with Warehouse and
For Sale
$1,200,000
5 Woodland Drive #C, Asheville, NC 28806
Warehouse, office, parking, and arterial access accommodate manufacturing, storage, distribution, and administrative operations.
Property Size19,741 SF
Lot Size0.60 Acres
Price / SF$120
Days on Market95
Property Features for 5 Woodland Drive #C
General Information
Standard status
Active
Size
19,741 SF
Lot size
0.60 Acres
Property subtype
Warehouse/Office
Zoning
COA Highway Business
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
9,000 SF
Office Build-Out
1,000 SF
Amenities
Aluminum
Partial
Public Sewer
Additional parcels description:, Parcel Number: 9628322558, Assessed Value: $105,000, Zoning: HB
Concrete, Laminate
Ductless
Ductless, Radiant
Listing ID: CAR4409870, Standard Status: Active, MLS Status: Active, Property Subtype: Warehouse/Office, Special Conditions: None
Driveway, Parking Lot, Shared Driveway
Built in 1974, 1 building, Construction Materials: Aluminum
County/Parish: Buncombe
Elevation: 2000
Cable Available, Electricity Connected, Natural Gas, Water Source: Public
Slab
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Building Details
Building Size
19,741 SF
Year Built
1974
Listing Agency:
Keller Williams Professionals
(828) 254-7253
Listed By:
Scott Mirkin · License #324454
(828) 335-0808
Source:
Blackstreaminternational
Added: Jul 31
Changed: Nov 1
Last Checked: Nov 1 at 5:25AM
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 Keller Williams Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property at 5 Woodland Drive Unit C in Asheville combines approximately 9,000 SF of warehouse area with 1,000 SF of office space. The configuration supports small manufacturing, storage, distribution, and administrative office functions. Built in 1974, the property also includes parking and approximately 0.6 AC of the total parcel.
The site carries COA Highway Business zoning and offers arterial access to US-19/23 and I-40. The owner intends to subdivide the current lot before sale, with deed restrictions protecting the neighboring school’s continued ability to operate. Property access is provided via the second driveway on the right after turning onto Woodland Drive from Old Haywood Road.
The site carries COA Highway Business zoning and offers arterial access to US-19/23 and I-40. The owner intends to subdivide the current lot before sale, with deed restrictions protecting the neighboring school’s continued ability to operate. Property access is provided via the second driveway on the right after turning onto Woodland Drive from Old Haywood Road.
Key Highlights
- Approximately 9,000 SF of warehouse area plus 1,000 SF of office space
- Approximately 0.6 AC included from the total parcel
- COA Highway Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,619
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,380
$1.7M
Cap Rate 7%
$1,208,843
$1.2M
Cap Rate 9%
$940,211
$940.2K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$102.0K $10.20/SF
− Vacancy
−$2.4K −$0.24/SF
EGI
$99.6K $9.96/SF
− OpEx
−$14.9K −$1.49/SF
NOI
$84.6K $8.46/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,380
Cap Rate 7%
$1,208,843
Cap Rate 9%
$940,211
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.
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
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Food Experience — 1501 Patton Ave #2, Asheville, NC 28806
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse, office, parking, and arterial access accommodate manufacturing, storage, distribution, and administrative operations.
Where is this flex space located?
The property is located at 5 Woodland Drive #C 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 of warehouse area plus 1,000 SF of office space; Approximately 0.6 AC included from the total parcel; COA Highway Business zoning
