Second-Floor Medical Office
5G2 Doctors Park #G2 Asheville, NC 28801
For Sale
$460,000
Second-floor suite with seven individual offices, waiting room, break room, and two bathrooms, fully leased in Doctors Park.
Property Size1,482 SF
Price / SF$310.39
Days on Market15
Property Features for 5G2 Doctors Park #G2
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Robin Cape
Source:
Techrealtyllc
Added: Jul 15
Changed: Jul 26
Last Checked: Jul 28 at 5:28PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This second-floor medical office suite is fully leased and designed for client-focused privacy, with seven individual offices served by a generous waiting room area. The space also includes a break room and two bathrooms. Built-in bookshelves and desks are present throughout the suite, and waiting room furniture is included. Recent upgrades include new HVAC, new carpet and paint, and updated bathrooms, along with additional built-ins in select offices.
The suite is located within Doctors Park, a business office park near downtown Asheville and close to Mission Hospital. The Doctors Park setting provides parking for clients and tenants, and the property is managed through the Doctors Park Association.
The POA covers electric, water, property management (including landscaping and snow removal), trash/recycling removal, exterior pest control, and exterior building-structure insurance. The park has also undergone significant improvements in recent years, including underground plumbing updates and new roofs.
The suite is located within Doctors Park, a business office park near downtown Asheville and close to Mission Hospital. The Doctors Park setting provides parking for clients and tenants, and the property is managed through the Doctors Park Association.
The POA covers electric, water, property management (including landscaping and snow removal), trash/recycling removal, exterior pest control, and exterior building-structure insurance. The park has also undergone significant improvements in recent years, including underground plumbing updates and new roofs.
Key Highlights
- 1966‑built, fully leased second‑floor professional office suite in Doctors Park near Mission Hospital
- 7 individual offices rented by counselors and therapists, plus waiting room area, break room, and 2 bathrooms
- Upgrades over $50,000 including new HVAC, carpet and paint, and updated bathrooms; built‑in bookshelves and desks added in some offices
Financial Insights For Office B
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 | $37.5k | $25.32 |
| − Vacancy | −$863 | −$0.58 |
| EGI | $36.7k | $24.74 |
| − OpEx | −$9.2k | −$6.18 |
| NOI | $27.5k | $18.55 |
1,482 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$392.8K
$343.7K – $458.3K
NOI $27,496 @ 7.0% cap · market cap 5.98%
Second Best
Healthcare Medical
$351.5K
$307.5K – $410.1K
NOI $24,603 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$468.6K
$410.1K – $546.7K
NOI $32,804 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Animal Rehab Center of Asheville — 178 s charlotte st, asheville, nc 28801
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor suite with seven individual offices, waiting room, break room, and two bathrooms, fully leased in Doctors Park.
Where is this medical office space located?
The property is located at 5G2 Doctors Park #G2 Asheville, NC.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1966‑built, fully leased second‑floor professional office suite in Doctors Park near Mission Hospital; 7 individual offices rented by counselors and therapists, plus waiting room area, break room, and 2 bathrooms; Upgrades over $50,000 including new HVAC, carpet and paint, and updated bathrooms; built‑in bookshelves and desks added in some offices
