Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical/Office Development Opportunity Title is generated by Realmo AI

    919 Fleming St, Hendersonville, NC 28791

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    0.89 acre site near Pardee Hospital for medical/office building.

    Type:Land
    Lot size:
    0.89 Acres
    Added:
    Jan 4, 2022
    Days on Market:
    1612
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 919 Fleming St

    General Information

    Standard status
    Active
    Lot size
    0.89 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Alison Pages

    Listing agent Alison Pages License #NC 288289

    Listing office VITAL Commercial Real Estate

    Listing date Jan 4, 2022

    Source Crexi

    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 VITAL Commercial Real Estate

    HighLights

    • Prime development opportunity: .89 acre site within one block of Pardee Hospital.
    • Zoned MIC‑SU: Allows up to 10,000 square foot medical/office building.
    • Ample parking: Conceptual plan shows sufficient parking spaces.
    • Permitted uses: Includes medical offices, business, personal, and professional services.
    • Build‑to‑suit or joint venture: Owner is open to these options.
    • Conceptual plans available: See https:\/\/vitalcre.com\/fleming‑site for details.

    Overview

    This 0.89-acre site presents a development opportunity located within one block of Pardee Hospital. Zoned MIC-SU, the site allows for the construction of up to a 10,000 square foot medical or office building, featuring a 5,000 square foot footprint. A conceptual plan indicates the potential for ample parking. Permitted uses include medical offices, as well as business, personal, and professional services. The owner is open to build-to-suit arrangements and joint ventures. Conceptual plans and further details are available online.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.466405
    Latitude
    35.322913

    Nearby Similar for Sale

    • $575,000

      Well-Kept Office Building on Highway

      Office building with excellent visibility and ample parking.
      2920 Haywood Road, Hendersonville, NC 28791
      View Details
    • $869,000

      Two-House Residential Income Property

      Two updated homes on a private half-acre lot, offering flexible long- or short-term living arrangements.
      1110 3rd Avenue W, Hendersonville, NC 28739
      View Details
    • $1,200,000

      Prime Downtown Hendersonville Development Opportunity

      Rare 0.96-acre vacant parcel in downtown Hendersonville, NC.
      N Grove Street, Hendersonville, NC 28792
      View Details
    • $277,125

      Commercial Land in Hendersonville, NC

      0.71 acres of unimproved commercial land in Hendersonville, NC.
      48 Heavenly Valley Lane, Hendersonville, NC 28792
      View Details
    • $499,000

      Unrestricted Land Near Ecusta Trail

      12 acres near Ecusta Trail with development potential.
      97 Yale Road, Hendersonville, NC 28739
      View Details
    • $69,500

      Hendersonville Buildable Lot For Sale

      0.79 acre lot near shopping and restaurants.
      Chestnut Gap Road, Hendersonville, NC 28792
      View Details
    • $2,340,000

      Prime Land Parcel on Ecusta Trail

      Two-acre parcel with frontage on the Ecusta Trail.
      99999 Dale Street, Hendersonville, NC 28792
      View Details
    • $250,000

      Hendersonville Land Ready For Development

      1.9 acre lot near downtown Hendersonville with utilities.
      122 Glover Street, Hendersonville, NC 28792
      View Details
    • $145,000

      Land in Hendersonville, NC

      1.38 acre homesite with mountain views and creek access.
      1355 Brookside Camp Road, Hendersonville, NC 28792
      View Details
    • $97,500

      Homesite in Gated Mountain Community

      0.53-acre homesite with mountain view potential in Hendersonville, NC.
      185 Garnet Way lot: 13, Hendersonville, NC 28791
      View Details
    • $475,000

      Hendersonville Land with Septic Systems

      20+ acre Hendersonville property with septics, well, and stream.
      3646 Summer Road, Hendersonville, NC 28792
      View Details
    • $125,000

      Skydance Trail Land Opportunity

      1.23 acre lot in private mountain community near Asheville.
      106 Skydance Trail, Hendersonville, NC 28739
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.89 acre site near Pardee Hospital for medical/office building.
    Where is this commercial land located?
    The property is located at 919 Fleming St Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Prime development opportunity: .89 acre site within one block of Pardee Hospital.; Zoned MIC‑SU: Allows up to 10,000 square foot medical/office building.; Ample parking: Conceptual plan shows sufficient parking spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alison Pages
    Real Estate License ID: NC 288289
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    919 Fleming St, Hendersonville, NC 28791
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!