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    Warehouse on Highway Business Site Title is generated by Realmo AI

    91 New Leicester Highway, Asheville, NC 28806

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    For Sale
    $2,000,000

    Zoned highway business warehouse with three loading docks and climate-conditioned front space.

    Type:Office
    Property size:
    13,540 SF
    Lot size:
    3.95 Acres
    Price / SF:
    $147/SF
    Added:
    Jun 7, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 10 at 2:25 am

    Property Features for 91 New Leicester Highway

    General Information

    Standard status
    Active
    Size
    13,540 SF
    Lot size
    3.95 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1969

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    Listing Contact
    Rick Tisdale

    Listing agent Rick Tisdale License #197215

    Listing office HOWARD HANNA BEVERLY-HANKS ASHEVILLE-DOWNTOWN

    Listing date Jun 7, 2026

    Source Naiglobal

    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

    HighLights

    • 3.95‑acre warehouse property zoned Highway Business
    • 13540 SF warehouse building built in 1969
    • Three loading docks
    • Front half of the building has AC and heat
    • Back half of the building is heated

    Overview

    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.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $138.1k $10.20
    − Vacancy −$3.3k −$0.24
    EGI $134.8k $9.96
    − OpEx −$20.2k −$1.49
    NOI $114.6k $8.46
    13,540 SF · lease $10.20/SF/yr · vacancy 2.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.64M
    $1.43M – $1.91M (±1% cap)
    NOI $114,574 @ 7.0% cap · market cap 5.73%
    Second Best
    Industrial
    $1.35M
    $1.18M – $1.57M (±1% cap)
    NOI $94,355 @ 7.0% cap · market cap 4.72%
    Theoretical Best
    Office A
    $4.28M
    $3.75M – $5.00M (±1% cap)
    NOI $299,707 @ 7.0% cap · market cap 14.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Go Store It Self Storage — 53 Burton St, Asheville, NC 28806
    • SmartStop Self Storage — 40 Wilmington St, Asheville, NC 28806
    • A Little X-Tra Storage — 27 burton st, asheville, nc 28806
    • Bolt Storage — 32 Old County Home Rd, Asheville, NC 28806

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.604116
    Latitude
    35.591637

    FAQs

    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
    More about this property
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