Industrial/Flex Space in Arden,
For Sale
Contact for pricing
33 Loop Rd, Arden, NC 28704
13,500 SF industrial/flex space near Asheville Airport.
Property Size13,500 SF
Price / SF$138.89
Days on Market760
Property Features for 33 Loop Rd
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Industrial
Zoning
EMP
Building Details
Year Built
2000
Buildings
1
Stories
1
Listing Agency:
Lee & Associates - Greenville
(864) 704-1040
Listed By:
Andrew Harrill · License #SC 93051
Source:
Crexi
Added: Jul 22, 2024
Changed: Aug 14
Last Checked: Aug 20 at 1:03PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,881,540
$1.9M
Cap Rate 7%
$1,343,957
$1.3M
Cap Rate 9%
$1,045,300
$1.0M
Market Conditions
NOI Build-Up for 13,500 SF
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.
Gross rent
$137.7K $10.20/SF
− Vacancy
−$3.3K −$0.24/SF
EGI
$134.4K $9.96/SF
− OpEx
−$40.3K −$2.99/SF
NOI
$94.1K $6.97/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,881,540
Cap Rate 7%
$1,343,957
Cap Rate 9%
$1,045,300
Alternative Uses
Best Use
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,077 @ 7.0% cap · market cap 5.02%
Second Best
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,357 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$4.27M
$3.74M – $4.98M
NOI $298,821 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28704, NC
23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
