Office Suite with Conference
For Sale
Contact for pricing
9 SW Pack Square #203, Asheville, NC 28801
Four enclosed offices and a spacious meeting room create a defined workspace within a shared downtown building.
Property Size1,905 SF
Price / SF$0.02
Days on Market31
Property Features for 9 SW Pack Square #203
General Information
Standard status
Active
Size
1,905 SF
Property subtype
Office
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
MLS Status: Active, Listing ID: CAR4427065, Standard Status: Active, Property Subtype: Office, 5 days on market
Built in 1905, Living area: 968, 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
1,905 SF
Year Built
1905
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker · License #227527
(828) 713-0777
Source:
Blackstreaminternational
Added: Sep 21
Changed: Oct 21
Last Checked: Oct 20 at 10:54PM
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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Investment Insights
Based on property information with market context.
Suite 203 contains 968 square feet arranged with four private offices and a large conference room. The Adler Building dates to 1905 and offers shared amenities, high ceilings, hardwood floors, natural light, and views. Full-service lease terms are available, with private garage parking offered as an option.
The property is at 9 SW Pack Square in downtown Asheville, North Carolina, on the corner of Pack Square.
The property is at 9 SW Pack Square in downtown Asheville, North Carolina, on the corner of Pack Square.
Key Highlights
- 968‑square‑foot suite with four private offices and a large conference room
- At 9 SW Pack Square in downtown Asheville
- Adler Building constructed in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,960
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,200
$359.2K
Cap Rate 7%
$256,571
$256.6K
Cap Rate 9%
$199,556
$199.6K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$24.5K $25.32/SF
− Vacancy
−$564 −$0.58/SF
EGI
$23.9K $24.74/SF
− OpEx
−$6.0K −$6.18/SF
NOI
$18.0K $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%
$359,200
Cap Rate 7%
$256,571
Cap Rate 9%
$199,556
Alternative Uses
Best Use
Office B
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 89,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.1K
$267.8K – $357.1K
NOI $21,427 @ 7.0% cap · market cap 107,135.00%
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
Explore this area
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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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 unit - Four enclosed offices and a spacious meeting room create a defined workspace within a shared downtown building.
Where is this office unit located?
The property is located at 9 SW Pack Square #203 Asheville, NC.
What are key features of this property?
This property features: 968‑square‑foot suite with four private offices and a large conference room; At 9 SW Pack Square in downtown Asheville; Adler Building constructed in 1905
