Flex Office and Warehouse
For Sale
$2,195,000
50 Fisk Dr., Arden, NC 28704
Class A building combines finished office and studio space with main-level warehouse areas and covered loading access.
Property Size10,612 SF
Lot Size1.09 Acres
Price / SF$206.84
Days on Market97
Property Features for 50 Fisk Dr.
General Information
Standard status
Active
Size
10,612 SF
Class
A
Total Parking Spaces
35
Lot size
1.09 Acres
Property subtype
Office - Flex - Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Clear Height
18 ft
Amenities
lobby with vaulted ceilings
private offices
kitchen/break room
lounge area
sound studios
conference room
shared work area
ADT security
Building Details
Building Size
10,612 SF
Year Built
1987
Year Renovated
2005
Listing Agency:
Whitney Commercial Real Estate
Listed By:
Austin Walker · License #227527
(828) 665-9085
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 4:52AM
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 Whitney Commercial Real Estate
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Investment Insights
Based on property information with market context.
50 Fisk Drive is an exceptional Class A flex property offering a blend of finished office, studio, and warehouse space. The lower level includes a lobby with a floor-to-ceiling glass entrance and vaulted ceilings, multiple private offices, a kitchen/break room, three bathrooms, storage plus file/IT rooms, and a flexible lounge area that can support additional office use. It also includes two sound studios of about 1,350 SF each. Warehouse space on the main level totals about 689 SF with approximately 18' ceilings and covered loading or drive-in access with 10x12' doors.
The second floor features five private offices, a large shared work area, a glass-walled conference room, two additional bathrooms, and an approximately 1,800 SF mezzanine providing additional storage and access to the warehouse. The property is set in a quiet wooded setting near established industrial and commercial uses, with easy access to Hendersonville Road, Long Shoals Road, Airport Road, and I-26.
Building systems include natural gas, city water/sewer, 240V power, and ADT security. HVAC and roofing are described as recently updated and maintained, and the parking lot was recently resurfaced to accommodate an estimated 35 vehicles. The building is not fire-sprinkled and has no elevator.
The second floor features five private offices, a large shared work area, a glass-walled conference room, two additional bathrooms, and an approximately 1,800 SF mezzanine providing additional storage and access to the warehouse. The property is set in a quiet wooded setting near established industrial and commercial uses, with easy access to Hendersonville Road, Long Shoals Road, Airport Road, and I-26.
Building systems include natural gas, city water/sewer, 240V power, and ADT security. HVAC and roofing are described as recently updated and maintained, and the parking lot was recently resurfaced to accommodate an estimated 35 vehicles. The building is not fire-sprinkled and has no elevator.
Key Highlights
- 10,612 SF Class A building on 1.09 acres with finished office, studio, and warehouse space
- Main level includes a striking lobby with floor‑to‑ceiling glass and vaulted ceilings, plus four private offices, kitchen/break room, and 3 bathrooms
- Warehouse features include 689 SF on the main level with 18' ceilings and a covered loading dock/drive‑in access with 10x12' doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,887
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,937,740
$3.9M
Cap Rate 7%
$2,812,671
$2.8M
Cap Rate 9%
$2,187,633
$2.2M
Market Conditions
NOI Build-Up for 10,612 SF
Gross rent
$268.7K $25.32/SF
− Vacancy
−$6.2K −$0.58/SF
EGI
$262.5K $24.74/SF
− OpEx
−$65.6K −$6.18/SF
NOI
$196.9K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,937,740
Cap Rate 7%
$2,812,671
Cap Rate 9%
$2,187,633
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,887 @ 7.0% cap · market cap 8.97%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,798 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$3.36M
$2.94M – $3.91M
NOI $234,896 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28704, NC
23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Colorful Palate Catering (kitchen) — 3871 sweeten creek road suites f&g, arden, nc 28704
- Fioreously Delicious, Inc. — 3871 Sweeten Creek Rd Suite F, Arden, NC 28704
Frequently Asked Questions
What type of property is this?
Flex space - Class A building combines finished office and studio space with main-level warehouse areas and covered loading access.
Where is this flex space located?
The property is located at 50 Fisk Dr. Arden, NC.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 10,612 SF Class A building on 1.09 acres with finished office, studio, and warehouse space; Main level includes a striking lobby with floor‑to‑ceiling glass and vaulted ceilings, plus four private offices, kitchen/break room, and 3 bathrooms; Warehouse features include 689 SF on the main level with 18' ceilings and a covered loading dock/drive‑in access with 10x12' doors
