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    16 Biltmore Ave Asheville, NC 28801

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Office Space, 9,262 SF Available

    Lot size:
    27,396 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story executive office building, located at 16 Biltmore Avenue in Asheville, NC, offers 9,262 square feet of immediately available space within a larger 27,396 square foot building. Built in 1988 and renovated in 2015, the property boasts highly efficient layouts and first-rate finishes, perfect for businesses seeking a prestigious downtown location. The building sits on a 2.3-acre lot in the heart of Asheville's Central Business District (CBD), zoned accordingly. Its convenient location provides easy access to Asheville's vibrant culinary scene, shopping, and entertainment. Tenants benefit from direct access to the adjacent Pack Square garage, ensuring convenient parking for clients and employees. The property is part of the Pack Square Collection, offering on-site property management and a full-time maintenance staff. A full-service lease rate includes common area expenses, utilities, janitorial services, and repairs/maintenance, providing competitive pricing and a streamlined tenant experience. The property's APN is 964940418200000. This is a multi-tenant building with a variety of configurable space options.

    Property Features for 16 Biltmore Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,396 SF
    Total Rate
    50226

    Building Details

    Year Built/Renovated
    1988/2015
    Stories
    3

    Unit(s) available at that property

    Space
    300
    Size
    9,262 SF
    Rate per SF
    $22

    HighLights

    • 9,262 SF of immediately available office space in a 27,396 SF building at 16 Biltmore Avenue, Asheville, NC.
    • Excellent downtown Asheville location, ideal for professional services firms.
    • Attractive lobby accessible from street level and parking deck.
    • On‑site secured parking in adjacent Pack Square garage.
    • Highly efficient layouts in a renovated (2015) building.
    • Competitive full‑service lease rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    ProRoofing - Asheville Roofing Contractor Accounting Biz LLC Accounting Firm Tom Goins: Allstate ... Insurance Agency Lena D'Giulia - Lena ... Real Estate Agent Geriatric Business Administration Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.551325238516
    Latitude
    35.594005667205

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 9,262 SF Available
    Where is this office property / space located?
    The property is located at 16 Biltmore Ave Asheville, NC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 9,262 SF of immediately available office space in a 27,396 SF building at 16 Biltmore Avenue, Asheville, NC.; Excellent downtown Asheville location, ideal for professional services firms.; Attractive lobby accessible from street level and parking deck.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Biltmore Ave Asheville, NC 28801
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