Office Unit in Historic
9 SW Pack Square #210B, Asheville, NC 28801
For Sale
Contact for pricing
The suite is in a shared-amenity building with full-service lease structures and private garage parking available.
Property Size19,051 SF
Days on Market55
Property Features for 9 SW Pack Square #210B
General Information
Standard status
Size
Property subtype
Amenities
sky high ceilings
abundant natural light
hardwood flooring
incredible views
functional floor plans
Built-Up
Public Sewer
Additional parcels description:, Parcel Number: 9649-40-2244-00000, Assessed Value: $3.1836e+06
Carpet, Wood
Central Air
Natural Gas
Listing ID: CAR4427103, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 38 days on market
Built in 1905, 1 building, Construction Materials: Concrete
County/Parish: Buncombe
Electricity Connected, Natural Gas, Phone Connected, Water Source: City
Frontage Type: State Road, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker · License NC #227527
(828) 713-0777
Source:
Blackstreaminternational
Added: Sep 21
Changed: Nov 12
Last Checked: Nov 12 at 7:39AM
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 Whitney Commercial Real Estate
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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.
Office Unit 210B is located within the Adler Building, constructed in 1905. Building features include high ceilings, hardwood floors, natural light, and views, along with functional office layouts. Shared amenities serve the building, and private garage parking is available. Full-service lease structures are offered.
The property is at 9 SW Pack Square in downtown Asheville, at the corner of Pack Square.
The property is at 9 SW Pack Square in downtown Asheville, at the corner of Pack Square.
Key Highlights
- Office Unit 210B in the Adler Building, built in 1905
- High ceilings, hardwood flooring, natural light, and views
- Shared building amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$353,458
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,069,160
$7.1M
Cap Rate 7%
$5,049,400
$5.0M
Cap Rate 9%
$3,927,311
$3.9M
Market Conditions
NOI Build-Up for 19,051 SF
Gross rent
$482.4K $25.32/SF
− Vacancy
−$11.1K −$0.58/SF
EGI
$471.3K $24.74/SF
− OpEx
−$117.8K −$6.18/SF
NOI
$353.5K $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%
$7,069,160
Cap Rate 7%
$5,049,400
Cap Rate 9%
$3,927,311
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.89M
NOI $353,458 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.02M
$5.27M – $7.03M
NOI $421,692 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,196
Businesses Nearby
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Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Asheville, NC
Properties on Market for Office Units in Asheville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite is in a shared-amenity building with full-service lease structures and private garage parking available.
Where is this office unit located?
The property is located at 9 SW Pack Square #210B Asheville, NC.
What are key features of this property?
This property features: Office Unit 210B in the Adler Building, built in 1905; High ceilings, hardwood flooring, natural light, and views; Shared building amenities
