Warehouse on Highway Business
91 New Leicester Highway, Asheville, NC 28806
For Sale
$2,000,000
Zoned highway business warehouse with three loading docks and climate-conditioned front space.
Property Size13,540 SF
Lot Size3.95 Acres
Price / SF$147.71
Days on Market153
Property Features for 91 New Leicester Highway
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Additional Details
Dock-High Doors
Building Details
Building Size
Year Built
Listing Agency:
HOWARD HANNA BEVERLY-HANKS ASHEVILLE-DOWNTOWN
Listed By:
Rick Tisdale · License #197215
(828) 768-7425
Source:
Naiglobal
Added: Jun 7
Changed: Oct 25
Last Checked: Nov 6 at 7:46AM
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 HOWARD HANNA BEVERLY-HANKS ASHEVILLE-DOWNTOWN
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Investment Insights
Based on property information with market context.
The property is a warehouse facility on a 3.95-acre site zoned highway business. The building totals 13,540 square feet and includes three loading docks for practical receiving and distribution. The interior climate system is split by building half: the front half has AC and heat, while the back half is heated.
Conveniently located less than a 1/2 mile off Patton Avenue, the site is positioned for industrial and commercial operations that need straightforward access from a primary corridor.
This warehouse configuration may be well-suited for tenants looking for dock-ready logistics space with differentiated comfort levels across the building. The three loading docks support steady inbound activity, while the AC and heated areas can help accommodate functions that benefit from more consistent temperature control in the front half of the facility.
Conveniently located less than a 1/2 mile off Patton Avenue, the site is positioned for industrial and commercial operations that need straightforward access from a primary corridor.
This warehouse configuration may be well-suited for tenants looking for dock-ready logistics space with differentiated comfort levels across the building. The three loading docks support steady inbound activity, while the AC and heated areas can help accommodate functions that benefit from more consistent temperature control in the front half of the facility.
Key Highlights
- 3.95‑acre warehouse property zoned Highway Business
- 13540 SF warehouse building built in 1969
- Three loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,574
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,291,480
$2.3M
Cap Rate 7%
$1,636,771
$1.6M
Cap Rate 9%
$1,273,044
$1.3M
Market Conditions
NOI Build-Up for 13,540 SF
Gross rent
$138.1K $10.20/SF
− Vacancy
−$3.3K −$0.24/SF
EGI
$134.8K $9.96/SF
− OpEx
−$20.2K −$1.49/SF
NOI
$114.6K $8.46/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,291,480
Cap Rate 7%
$1,636,771
Cap Rate 9%
$1,273,044
Alternative Uses
Best Use
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,574 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,355 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$4.28M
$3.75M – $5.00M
NOI $299,707 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Dock-high doors
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
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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
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Buncombe County, NC
Properties on Market for Warehouses in Buncombe County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- SmartStop Self Storage — 197 Deaverview Rd, Asheville, NC 28806
- Bolt Storage — 32 Old County Home Rd, Asheville, NC 28806
Frequently Asked Questions
What type of property is this?
Warehouse - Zoned highway business warehouse with three loading docks and climate-conditioned front space.
Where is this warehouse located?
The property is located at 91 New Leicester Highway Asheville, NC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3.95‑acre warehouse property zoned Highway Business; 13540 SF warehouse building built in 1969; Three loading docks
