Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35 Haywood St Asheville, NC 28801

    • Office Properties & Spaces
    • 31,651 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Making It Creative, LLC / Advertising Agency / Marketing & Advertising
    • Southwings / Association / Organization
    • Insight Loans / Loan Service / Bank
    • Evolutional Healing / Medical Clinic / Alternative Medicine Practice
    • Sparc Design / Architect

    Property Details for 35 Haywood St

    Year built
    1937
    Property size
    31,651 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional office space, located at 35 Haywood Street in Asheville, North Carolina, presents a unique opportunity to establish your business in a vibrant and historic setting. The Earth Guild Building, a four-story structure built in 1937, boasts a total of 31,651 square feet of office space, currently configured for multiple tenants. This particular listing features a 366 square foot suite situated on the second floor, offering an executive-style layout. The building is zoned for Central Business District (CBD) use and benefits from central HVAC for climate control. While a second-floor walk-up, the building is equipped with elevators for convenient access. The property is located in the heart of Asheville's central business district, providing unparalleled access to amenities and a thriving professional community. Detailed floor plans and additional information are available upon request. This is a rare chance to secure office space in a landmark Asheville building. The zip code is 28801.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5547
    Latitude
    35.5957

    Comparable in this City

    • Value Estimation by Request
      31,110 SF

      14 Pack Sq

      Office space • 31,110 SF
      14 Pack Sq, Asheville, NC 28801
      View Details
    • Value Estimation by Request

      16 Biltmore Ave

      Office space
      16 Biltmore Ave, Asheville, NC 28801
      View Details
    • Value Estimation
      $980,000
      4,192 SF

      211 Liberty St

      OFFICE (GENERAL) • 4,192 SF
      211 Liberty St, Asheville, NC 28801-2334
      View Details
    • Value Estimation
      $695,000
      1,800 SF

      107 Mcdowell St

      OFFICE (GENERAL) • 1,800 SF
      107 Mcdowell St, Asheville, NC 28801-4409
      View Details
    • Value Estimation
      $2,180,000
      14,840 SF

      101 Coxe Ave

      OFFICE (GENERAL) • 14,840 SF
      101 Coxe Ave, Asheville, NC 28801-4025
      View Details
    • Value Estimation by Request
      3,200 SF

      4 Foundy St

      OFFICE (GENERAL) • 3,200 SF
      4 Foundy St, Asheville, NC 28801-0189
      View Details

    Similar Nearby for Sale

    • $875,000
      2,494 SF

      Asheville Office Building Investment

      Prime location, high visibility, dual buildings.
      141 Merrimon Ave, Asheville, NC 28801
      View Details
    • $13,450,000
      0.78 Acres

      Downtown Asheville Office Complex

      Prime Location, 25,000+ SF, 0.78 Acres
      11 Church St, Asheville, NC 28801
      View Details
    • $1,225,000
      4,491 SF

      Downtown Asheville Office Building

      Prime location, versatile office suites.
      157 Lexington Ave, Asheville, NC 28801
      View Details
    • $1,450,000
      4,574 SF

      Asheville Brick Office Building

      4,500 SF office building near downtown Asheville.
      38 Orange St, Asheville, NC 28801
      View Details
    • $465,000
      678 SF

      Asheville Bungalow Office For Sale

      Charming, remodeled 678 SF office near Asheville's central business district.
      104 Central Ave, Asheville, NC 28801
      View Details
    • $4,900,000
      0.14 Acres

      Downtown Asheville Brick Building

      Four-story, 24,000 SF building in downtown Asheville.
      124 College St, Asheville, NC 28801
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      27,396 SF

      Downtown Asheville Executive Suites

      Prime Office Space, 9,262 SF Available
      16 Biltmore Ave, Asheville, NC 28801
      View Details
    • $33 SF/Yr
      250,000 SF

      Asheville Executive Office Suites

      Downtown Asheville, Class A Office Space
      1 Page Ave, Asheville, NC 28801
      View Details
    • $28 SF/Yr
      1,900 SF

      Asheville CBD Retail Space

      Prime 1,900 SF retail space, Asheville CBD.
      1 Battle Sq, Asheville, NC 28801
      View Details
    • $18 SF/Yr
      21,000 SF

      Asheville Office Space for Lease

      Downtown Asheville Office Suites Available
      53 French Broad Ave, Asheville, NC 28801
      View Details
    • $28 SF/Yr
      6,098 SF

      Downtown Asheville Office Space Available

      Second floor office space for lease in downtown Asheville.
      60 Biltmore Ave, Asheville, NC 28801
      View Details
    • $4,545 /Mo

      Downtown Asheville Office Space Available

      Office space in the historic Adler Building in downtown Asheville.
      9 Sw Pack Sq, Asheville, NC 28801
      View Details
    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.
    35 Haywood St
    Asheville, NC 28801
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!