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    5 Doctors Park Asheville, NC 28801

    Sponsored
    For Sale
    $427,000

    Profitable Medical Office, 1482 SF

    Property size:
    1,482 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,482 square foot medical office building, located at 5 Doctors Park #E1 in Asheville, North Carolina, presents a compelling investment opportunity. Built in 1966 and situated on a lot with APN 9648-45-1100-C005E, this property boasts a desirable location within the thriving Asheville medical community. The building features a thoughtfully designed layout including three private offices, a dedicated conference room, and a convenient kitchenette. The interior has been renovated, showcasing nicely appointed finishes. Currently, the property generates income from a tenant under a lease agreement expiring February 28, 2026, with two three-year renewal options. The asking price is $427,000, translating to a price per square foot of $288.12. The property is zoned INST, making it suitable for continued medical use. Detailed floor plans are available upon request. This turnkey investment offers a strong return and the potential for long-term growth in a highly sought-after location. The property's prime location in Buncombe County, with a zip code of 28801, ensures easy access for patients and staff. This is an excellent opportunity for investors seeking a stable, income-producing asset in the vibrant Asheville market.

    Property Features for 5 Doctors Park

    General Information

    Property type
    Medical offices
    Square Feet
    1,482 SF

    Building Details

    Year Built
    1966

    HighLights

    • $427,000 asking price for this 1,482 square foot medical office building.
    • Located at 5 Doctors Park, Asheville, NC 28801.
    • Property features renovated office space with three private offices, a conference room, and kitchenette.
    • Tenant in place with lease expiring 2/28/26, including two three‑year renewal options.
    • $288.12 per square foot.
    • Built in 1966.
    Property Profile Location Intelligence

    Current Use by Public Records

    Doctors Park Office ... Office Space Rental Agency Sudeshna Dasgupta-Obrien Pediatrician Dr. Emily Gordon Psychologist Mattina Wellness Massage Therapist Dr. Tanya Williams Dentist

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5517653
    Latitude
    35.5816061

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    FAQs

    What type of property is this?
    Medical office - Profitable Medical Office, 1482 SF
    Where is this medical office located?
    The property is located at 5 Doctors Park Asheville, NC.
    What is the asking price?
    The asking price for this property is $427,000.
    What are key features of this property?
    This property features: $427,000 asking price for this 1,482 square foot medical office building.; Located at 5 Doctors Park, Asheville, NC 28801.; Property features renovated office space with three private offices, a conference room, and kitchenette.
    Request Owner's contact information
    5 Doctors Park Asheville, NC 28801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Doctors Park Asheville, NC 28801
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