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Property profile & analytics
OFF-MARKET
Retail space

164 Broadway St Asheville, NC 28801

11,552 SF 0.14 ac lot Built 1919
Trust Owned Absentee Owner ~ Est. High Equity
Property ID
US53-0744559
Property summary
AI-generated overview

This exceptional 6,000 square foot office space, located at 164 Broadway Street, Suite B in downtown Asheville, presents a unique opportunity. Previously occupied by Moog Music, this recently renovated second-floor space is part of a historically significant building complex undergoing a major renovation. The modern interior offers high flexibility, ideal for a variety of office uses. The space boasts elevator access and is connected to another building within the complex, sharing elevator and restroom facilities. The total building size is 12,000 square feet, situated on a 0.14-acre lot, and constructed in 1919. The property features one building with an elevator. On-site parking is available, and the space is immediately available for occupancy. The zoning is NCD. The property's Assessor's Parcel Number (APN) is 9649-32-5344-00000. Utilities are included in the rent; however, tenants will be responsible for typical Net, Net, Net (NNN) pass-through expenses. This single-tenant space offers a blend of historic charm and modern functionality in a vibrant downtown location. Don't miss this chance to secure a prime office space in the heart of Asheville.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1919
Construction BRICK
Total area 11,552 SF
Lot 0.14 ac (6,098 SF)
Zoning code DEED DATE: 05/18/2010 DEE
APN 9649-32-5344-00000
UPID US53-0744559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
First Maryland Cambridge Trust
First Maryland Cambridge Trust
since 2026
Last sale
$9.0M
6 recorded transactions
2026
Price N/A
2026
$9.0M
2010
Price N/A
2010
$700,000
2009
$2.5M
1969
Price N/A
Zoning & alternative use
DEED DATE: 05/18/2010 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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