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    OFF-MARKET Estimated value $590,000
    Retail space

    271 Old Barn Rd, Hendersonville, NC 28791-8406

    5,880 SF 1.35 ac lot Built 2002
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US53-2103792
    Property summary
    AI-generated overview

    This exceptional 1,966-square-foot office and retail space, situated in a desirable Hendersonville location, presents a unique investment opportunity. The property, part of a larger building totaling 5,922 square feet, is situated on a 1.35-acre lot at the highly visible corner of Highway 64 (Brevard Road) and South Rugby Road, offering excellent visibility and accessibility. Built in 2002, this single-story building features charming log and stone construction, a metal roof, and mature landscaping. The unit includes a built-in reception area, polished concrete floors, a private office with rustic log walls, a private restroom, and a 10-foot roll-up door leading to a 678-square-foot warehouse area with concrete flooring. The property boasts ample parking, including ADA-compliant spaces, and benefits from two established medical co-tenants. The zoning is CC. The property is conveniently located 11 minutes from downtown Hendersonville and 35 minutes from downtown Asheville. The building has a total of 3 suites and 35 parking spaces. Utilities (electricity, water/sewer, phone/internet, gas, and trash/recycling) are the responsibility of the tenant. Additional parking may be available. Showings are by appointment only. The property's APN is 1008109. Base rent is $12.25 per square foot, plus NNN charges.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2002
    Total area 5,880 SF
    Lot 1.35 ac (58,806 SF)
    Zoning code 1008109~CC
    APN 9549185855
    UPID US53-2103792
    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
    Current use
    Occupant on record · Public records
    • Embracing Simplicity Meditation Center Monastery
    • Heartwood Refuge & Academy High School
    • Castellucci Chiropractic Center Alternative Medicine Practice
    • Robert Keck Physician
    • CORA Physical Therapy Hendersonville Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $755k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $656k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Old Barn Road LLC · 5 yrs held
    Old Barn Road LLC
    since 2020
    Last sale
    $445,000
    3 recorded transactions
    2020
    2012
    $350,000
    1969
    Zoning & alternative use
    1008109~CC · Hendersonville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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