West Asheville Small Office
899 Haywood Road Asheville, NC 28806
899 Haywood Road, Asheville, NC, 28806
$615,000
For Sale
$615,000
Small office building with two tenants in West Asheville.
Property Size1,253 SF
Price / SF$490.82
Days on Market147
Property Features for 899 Haywood Road
General Information
- Standard status
- Active
- Size
- 1,253 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
PULLIAM PROPERTIES, INC
(828) 684-4344
Listed by
JAMES WILSON · License #185498
Source
Corcoran
Added: Feb 25 Updated: Jul 6 at 10:05AM Checked: Jul 21 at 5:47AM
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 PULLIAM PROPERTIES, INC
Investment Insights
Based on property information with market context.
This property is a small office building located in West Asheville. It features two suites. One suite is 900 square feet and has been used as an insurance office for many years. The other suite is 353 square feet and is occupied by a school of esoteric studies. This property presents an opportunity to own a commercial property in West Asheville.
Key Highlights
- Small commercial property in desirable West Asheville location
- Two existing tenants provide immediate income stream, one tenant is a long‑term insurance office
- Building contains two suites: 900 sq ft and 353 sq ft
Local Financial Insights For Office B
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 | $31.7k | $25.32 |
| − Vacancy | −$730 | −$0.58 |
| EGI | $31.0k | $24.74 |
| − OpEx | −$7.7k | −$6.18 |
| NOI | $23.2k | $18.55 |
1,253 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$332.1K
$290.6K – $387.5K
NOI $23,247 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.2K
$346.7K – $462.3K
NOI $27,735 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Barnette and Coates Inc
Insurance Agency
School For Esoteric Studies
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Small office building with two tenants in West Asheville.
Where is this office building located?
The property is located at 899 Haywood Road Asheville, NC.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Small commercial property in desirable West Asheville location; Two existing tenants provide immediate income stream, one tenant is a long‑term insurance office; Building contains two suites: **900 sq ft and 353 sq ft**
