West Asheville Small Office
For Sale
$615,000
899 Haywood Rd, Asheville, NC 28806
Small office building with two tenants in West Asheville.
Property Size1,253 SF
Price / SF$490.82
Days on Market237
Property Features for 899 Haywood Rd
General Information
Standard status
Active
Size
1,253 SF
Building Details
Year Built
1920
Listing Agency:
Pulliam Properties, Inc
Listed By:
James Wilson · License #185498
(828) 768-7098
Source:
Lewisandkirk
Added: Mar 5
Changed: Oct 26
Last Checked: Oct 26 at 7:29PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,247
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,940
$464.9K
Cap Rate 7%
$332,100
$332.1K
Cap Rate 9%
$258,300
$258.3K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$31.7K $25.32/SF
− Vacancy
−$730 −$0.58/SF
EGI
$31.0K $24.74/SF
− OpEx
−$7.7K −$6.18/SF
NOI
$23.2K $18.55/SF
Area
Buncombe County, NC
Vacancy
2.30%
Lease Rate
$25.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,940
Cap Rate 7%
$332,100
Cap Rate 9%
$258,300
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 Rd 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**
