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    Industrial/Flex Space in Arden, NC Title is generated by Realmo AI

    33 Loop Rd, Arden, NC 28704

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    13,500 SF industrial/flex space near Asheville Airport.

    Type:Industrial
    Property size:
    13,500 SF
    Price / SF:
    $138/SF
    Added:
    Jul 22, 2024
    Days on Market:
    715
    Last Refresh:
    Jul 5 at 5:03 am

    Property Features for 33 Loop Rd

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2000

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    Andrew Harrill
    Andrew Harrill

    Listing office Lee & Associates - Greenville

    Listing date Jul 22, 2024

    Source Crexi

    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 Lee & Associates - Greenville

    HighLights

    • ±13,500 SF industrial / flex space, perfect for various business needs.
    • Located in Arden, NC.
    • Proximity to I‑26 (±1.1 Mile) for easy commuting and transport.
    • Proximity to Asheville Airport (±1.5 Miles).
    • Located in Buncombe County.
    • Built in 2000.

    Overview

    This industrial/flex space, encompassing approximately 13,500 square feet, is available for sale. The property is located at 33 Loop Road in Arden, North Carolina, situated in Buncombe County. Its location offers convenient access to transportation, being approximately 1.1 miles from I-26 and about 1.5 miles from Asheville Airport.

    Local Financial Insights For Industrial

    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 $137.7k $10.20
    − Vacancy −$3.3k −$0.24
    EGI $134.4k $9.96
    − OpEx −$40.3k −$2.99
    NOI $94.1k $6.97
    13,500 SF · lease $10.20/SF/yr · vacancy 2.40% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $1.34M
    $1.18M – $1.57M (±1% cap)
    NOI $94,077 @ 7.0% cap · market cap 5.02%
    Second Best
    Flex RnD
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,357 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $4.27M
    $3.74M – $4.98M (±1% cap)
    NOI $298,821 @ 7.0% cap · market cap 15.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Precision Rescue Vehicles Car Dealership

    Suggested Use

    Law Firm Real Estate Agency Dental Office Accounting Firm Skin Care Clinic Grocery & Convenience Store Wine and Liquor Store Cosmetic Store Pet Grooming Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arden
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.530848
    Latitude
    35.45115

    FAQs

    What type of property is this?
    Flex space - 13,500 SF industrial/flex space near Asheville Airport.
    Where is this flex space located?
    The property is located at 33 Loop Rd Arden, NC.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: ±13,500 SF industrial / flex space, perfect for various business needs.; Located in Arden, NC.; Proximity to I‑26 (±1.1 Mile) for easy commuting and transport.
    (864) 704-1040 Call to check price and availability
    More about this property
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