Property profile

16 Biltmore Ave Asheville, NC 28801

OFF-MARKET
Office Spaces
33,200 SF 0.23 ac lot Built 1988
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Property summary

AI-generated overview

This exceptional three-story office building, totaling 33,200 square feet, is situated in the heart of downtown Asheville, North Carolina, at 16 Biltmore Avenue (zip code 28801). Built in 1988 and renovated in 2015, the property offers a variety of office spaces suitable for executive, creative, or traditional office uses. Currently, one suite of 9,262 square feet is available for lease. The building features efficient layouts, high-end finishes, and 8-foot ceilings. Convenient access to the adjacent Pack Square parking garage ensures easy parking for employees and clients. On-site property management and a full-time maintenance staff provide exceptional service. The building is zoned CBD (Central Business District) and sits on a 0.23-acre lot in Buncombe County (APN 9649404182). The full-service lease rate includes common area maintenance (CAM), utilities, janitorial services, and repairs/maintenance, offering competitive pricing and a hassle-free experience. This turnkey property offers immediate occupancy and is steps away from Asheville's finest restaurants, shops, and cafes. The building includes elevators for easy access to all three floors.

Property profile

Verified
Property type Office Spaces
Year built 1988
Total area 33,200 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor
  • Accounting Firm Tax Preparation
  • Insurance Agency
  • Real Estate Agency
  • Business Administration Service

Location

16 Biltmore Ave Asheville, NC 28801
Asheville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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