Warehouse with Office Retail
713 Ray Ave Hendersonville, NC 28792
For Sale
$885,000
Warehouse includes a finished office/retail space and heated warehouse area with tall ceilings and two roll-up doors.
Property Size6,300 SF
Price / SF$140.48
Days on Market319
Property Features for 713 Ray Ave
General Information
- Standard status
- Active
- Size
- 6,300 SF
Listing Agency:
Keller Williams Professionals
(734) 459-4700
Listed By:
Brian Keefer · License #320241
Source:
Exprealty
Added: Sep 8, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:54AM
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
Investment Insights
Based on property information with market context.
This for-sale warehouse property features a well-finished office/retail space at the front and a heated warehouse area that opens up from there. The warehouse is described as having tall ceilings and heavy three-phase power. Two large roll-up doors provide flexible warehouse access, including one on the rear and one on the side.
The property includes 26 parking spaces and is described as being less than a mile to Downtown Hendersonville. The public remarks note I-1 “Industrial Zoning.”
The space is vacant, and the equipment shown in the pictures has been removed.
The property includes 26 parking spaces and is described as being less than a mile to Downtown Hendersonville. The public remarks note I-1 “Industrial Zoning.”
The space is vacant, and the equipment shown in the pictures has been removed.
Key Highlights
- Class B +-6,300 SF warehouse less than a mile to Downtown Hendersonville
- Includes +-1,200 SF finished office/retail space plus +-5,100 SF heated warehouse space
- Tall ceilings with heavy 3‑phase power
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 | $56.7k | $9.00 |
| − Vacancy | −$1.7k | −$0.27 |
| EGI | $55.0k | $8.73 |
| − OpEx | −$8.2k | −$1.31 |
| NOI | $46.7k | $7.42 |
6,300 SF · lease $9.00/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,225 @ 7.0% cap · market cap 12.45%
Second Best
Warehouse
$667.8K
$584.4K – $779.2K
NOI $46,749 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,966 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strong Hand Fitness
Gym & Fitness Center
Hendersonville Personal Training
Gym & Fitness Center
Born Bold Tattoo ...
Tattoo & Piercing Shop
Resurgence Physical Therapy-Hendersonville
Physician
Counterculture Coaching
Gym & Fitness Center
Similar Off Market Nearby
- Refresh Beverage Catering — Hendersonville, NC 28792
FAQs
What type of property is this?
Flex space - Warehouse includes a finished office/retail space and heated warehouse area with tall ceilings and two roll-up doors.
Where is this flex space located?
The property is located at 713 Ray Ave Hendersonville, NC.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Class B +-6,300 SF warehouse less than a mile to Downtown Hendersonville; Includes +-1,200 SF finished office/retail space plus +-5,100 SF heated warehouse space; Tall ceilings with heavy 3‑phase power
