Property profile

1989 Old Rosman Hwy Brevard, NC 28712

OFF-MARKET
Manufacturing properties
Property ID
US53-3389423
44,000 SF 13.8 ac lot Built 1988
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This versatile 7,000 square foot property in Brevard, North Carolina, offers a unique blend of office and warehouse space, perfect for a variety of businesses. The building, constructed in 1988, features a bright and spacious 4,000 square foot office area. This section includes private offices, a break room with kitchenette, a conference room, and ample open space adaptable to diverse needs. Complementing the office space is a 3,000 square foot warehouse area, conveniently equipped with two dock-high doors for efficient loading and unloading. The property is situated on a single-tenant lot and is zoned as "None". The property's APN is 8562-08-5718-000. An exceptional opportunity exists to lease an additional three acres of flat land adjacent to the building for $1,500 per month. This expansive area is ideal for use as a laydown yard, additional parking, or supplementary storage, significantly enhancing the property's functionality and potential. Located at 1989 Old Rosman Hwy, Brevard, NC 28712, this property presents a highly affordable lease rate for a diverse range of users seeking a combined office and warehouse solution with significant expansion potential. The property's location in Transylvania County provides easy access to local amenities and transportation routes.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Total area 44,000 SF
Lot 13.8 ac (601,128 SF)
APN 8562-08-5718-000
UPID US53-3389423

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
  • Furniture & Home Goods Home Decor Store

Location

1989 Old Rosman Hwy Brevard, NC 28712-8324
Brevard metro Census 960501 BREVARD, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.07M
CAP Approach CAP
$4.00M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.15M

Owner & transaction history

since 2022
Last sale
$2.1M
6 recorded transactions
2022
$2.1M
2017
$725,000
2011
$299,000
2011
$299,000
2010
$975,000
2010
$975,000

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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