Flex Space with
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For Sale
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80 Emma Sharp Road #2, Mills River, NC 28759
Three office rooms complement a heated warehouse with mezzanine storage and single-phase power.
Property Size2,000 SF
Price / SF$1.16
Days on Market3
Property Features for 80 Emma Sharp Road #2
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
1,600 SF
Office Build-Out
800 SF
Drive-In Doors
1
Three-Phase Power
No
Amenities
Additional parcels description:, Parcel Number: 9961882, Assessed Value: $853,700
Listing ID: CAR4434626, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial
12 open parking spaces, Other Parking: Four designated parking spaces, and additional gravel parking (8 estimated spaces).
Built in 2000
County/Parish: Henderson
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,000 SF
Year Built
2000
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
James Harrison · License #282322
(828) 279-0090
Source:
Blackstreaminternational
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
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.
This approximately 2,400 SF flex unit combines an approximately 1,600 SF warehouse with three office rooms totaling about 800 SF. Warehouse features include a 20-foot ceiling, a 14-foot bay door, heat, single-phase power, and mezzanine storage intended for lightweight items. The property was built in 2000 and has four designated parking spaces, plus gravel parking estimated to accommodate eight more vehicles.
At 80 Emma Sharp Road, the property connects to NC-280/Boylston Highway through a signalized traffic light. Asheville Regional Airport and I-26 are approximately four miles away. The site is adjacent to Publix and a retail center, with stated drive times of 15 minutes to Hendersonville, 20 minutes to Asheville, and 25 minutes to Brevard.
At 80 Emma Sharp Road, the property connects to NC-280/Boylston Highway through a signalized traffic light. Asheville Regional Airport and I-26 are approximately four miles away. The site is adjacent to Publix and a retail center, with stated drive times of 15 minutes to Hendersonville, 20 minutes to Asheville, and 25 minutes to Brevard.
Key Highlights
- Approximately 2,400 SF flex unit with about 1,600 SF of warehouse and 800 SF of office space
- Warehouse has a 20' ceiling, 14' bay door, heat, single‑phase power, and mezzanine storage
- Three office rooms; four designated parking spaces and gravel parking for an estimated 8 additional spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,666
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,320
$293.3K
Cap Rate 7%
$209,514
$209.5K
Cap Rate 9%
$162,956
$163.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$21.6K $9.00/SF
− Vacancy
−$648 −$0.27/SF
EGI
$21.0K $8.73/SF
− OpEx
−$6.3K −$2.62/SF
NOI
$14.7K $6.11/SF
Area
Henderson County, NC
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,320
Cap Rate 7%
$209,514
Cap Rate 9%
$162,956
Alternative Uses
Best Use
Warehouse
$254.4K
$222.6K – $296.8K
NOI $17,809 @ 7.0% cap · market cap 638.32%
Second Best
Flex RnD
$227.1K
$198.7K – $264.9K
NOI $15,894 @ 7.0% cap · market cap 569.68%
Theoretical Best
Office A
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 2,006.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28759, NC
7,728
Population
3,300
Households
2.3
Avg Household Size
47
Median Age
43%
College-Educated
94%
High-School Grad
24.5 sq mi
ZIP Area
315
Density / Sq Mi
$88,984
Median Household Income
$37,796
Median Earnings
$1,611
Median Rent
$364,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three office rooms complement a heated warehouse with mezzanine storage and single-phase power.
Where is this flex space located?
The property is located at 80 Emma Sharp Road #2 Mills River, NC.
What are key features of this property?
This property features: Approximately 2,400 SF flex unit with about 1,600 SF of warehouse and 800 SF of office space; Warehouse has a 20' ceiling, 14' bay door, heat, single‑phase power, and mezzanine storage; Three office rooms; four designated parking spaces and gravel parking for an estimated 8 additional spaces
