Mixed-Use Property with Flex
New
For Sale
$589,900
607 Kanuga Road, Hendersonville, NC 28739
A furnished two-bedroom residence combines with heated workspace and a detached garage.
Property Size1,940 SF
Price / SF$430.27
Days on Market5
Property Features for 607 Kanuga Road
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Free Standing Store
Additional Details
Asking Price
$589,900
Fenced Yard
Yes
Clear Height
10 ft
Amenities
Paved
Architectural Shingle
Privacy
Public Sewer
Additional parcels description:, Parcel Number: 9568-75-0112, Assessed Value: $188,400
Laminate
Central Air
Central
Listing ID: CAR4426815, Standard Status: Active, MLS Status: Active, Property Subtype: Free Standing Store, Special Conditions: None
6 total parking spaces, Other Parking: Paved parking with 6 total areas for parking, Attached Garage, Detached Garage
Built in 1940, Living area: 1371, 2 buildings, Construction Materials: Hardboard Siding
County/Parish: Henderson
2 total bathrooms
Cable Available, Electricity Connected, Natural Gas, Water Source: City
Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Deck
Two or More Access Exits
Refrigerator, Washer/Dryer
Building Details
Building Size
1,940 SF
Year Built
1940
Year Renovated
2024
Listing Agency:
CENTURY 21 Connected
(828) 348-0222
Listed By:
Aaron Palmer · License #292874
(828) 545-8741
Source:
Blackstreaminternational
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:02PM
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 CENTURY 21 Connected
Investment Insights
Based on property information with market context.
This mixed-use property includes a furnished 2-bedroom, 2-bathroom residence with approximately 960 square feet and a separate 411-square-foot heated flex area. The flex space has a 10-foot ceiling, epoxy flooring, a utility sink, cabinetry, mini-split HVAC, an insulated garage door, and two exterior entrances. A detached garage offers two garage doors, a separate entry, and heating and air conditioning. The residence was extensively renovated in 2024, including updates to plumbing, electrical, HVAC, roof shingles, windows, insulation, flooring, kitchen, and bathrooms.
Outdoor features include a paver driveway, asphalt parking and drive areas, privacy fencing, landscaping, and a second-floor balcony. The property is near Downtown Hendersonville and the Ecusta Trail. Its residential and workspace components support live-work use; other configurations are subject to applicable approvals.
Outdoor features include a paver driveway, asphalt parking and drive areas, privacy fencing, landscaping, and a second-floor balcony. The property is near Downtown Hendersonville and the Ecusta Trail. Its residential and workspace components support live-work use; other configurations are subject to applicable approvals.
Key Highlights
- Furnished residence with 2 bedrooms and 2 bathrooms
- Approximately 960 square feet of living area and a 411‑square‑foot heated flex space
- Flex space features a 10‑foot ceiling, epoxy floor, utility sink, cabinetry, and two exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,987
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,740
$479.7K
Cap Rate 7%
$342,671
$342.7K
Cap Rate 9%
$266,522
$266.5K
Market Conditions
NOI Build-Up for 1,371 SF
Gross rent
$32.9K $24.00/SF
− Vacancy
−$921 −$0.67/SF
EGI
$32.0K $23.33/SF
− OpEx
−$8.0K −$5.83/SF
NOI
$24.0K $17.50/SF
Area
Henderson County, NC
Vacancy
2.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,740
Cap Rate 7%
$342,671
Cap Rate 9%
$266,522
Alternative Uses
Best Use
Office B
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 4.07%
Second Best
Mixed Use
$155.7K
$136.2K – $181.7K
NOI $10,899 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$456.9K
$399.8K – $533.1K
NOI $31,983 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
Explore this area
Business Placement
Demographics for 28739, NC
21,251
Population
11,083
Households
1.9
Avg Household Size
54
Median Age
44%
College-Educated
94%
High-School Grad
61.0 sq mi
ZIP Area
348
Density / Sq Mi
$70,464
Median Household Income
$35,934
Median Earnings
$995
Median Rent
$358,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A furnished two-bedroom residence combines with heated workspace and a detached garage.
Where is this mixed-use property located?
The property is located at 607 Kanuga Road Hendersonville, NC.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Furnished residence with 2 bedrooms and 2 bathrooms; Approximately 960 square feet of living area and a 411‑square‑foot heated flex space; Flex space features a 10‑foot ceiling, epoxy floor, utility sink, cabinetry, and two exterior entrances
