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Property profile & analytics
OFF-MARKET Estimated value $1,615,000
Strip malls

830 Hendersonville Rd Asheville, NC 28803-1710

13,490 SF 0.53 ac lot Built 1961
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-0112144
Property summary
AI-generated overview

This exceptional creative office space, located at 830 Hendersonville Rd in Asheville, North Carolina, offers a fantastic opportunity for businesses seeking a vibrant and convenient location. Suite 001 within this 12,400 square foot building boasts a Class B designation and underwent a complete renovation in 2020, ensuring modern amenities and a fresh aesthetic. The building itself, constructed in 1961, comprises three stories and houses a total of nine suites. Currently, 1,250 square feet of contiguous space is immediately available, with the possibility of expanding up to 2,500 square feet. This flexible layout caters to a variety of business needs, making it ideal for both small and growing companies. The property benefits from a prime location in a bustling shopping area near the prestigious Biltmore District, offering excellent visibility and accessibility. With ample parking (20 spaces) and easy access, commuting and client visits are a breeze. While the building does not feature elevators, the three-story structure is easily navigable. Property taxes are $1.50 per square foot. This is a rare opportunity to secure high-quality office space in a sought-after Asheville location. Don't miss out on this chance to establish your business in a thriving commercial hub. The property is in Buncombe County, NC, zip code 28803.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1961
Construction BRICK
Total area 13,490 SF
Lot 0.53 ac (23,087 SF)
Zoning code DEED DATE: 2023-08-18 DEE
APN 9647-91-3318-00000
UPID US53-0112144
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
  • Associated Weight Loss Center Weight Loss Service Health Consultant
  • Piano Lab Studios II (Serving South Asheville, Biltmore Forest, Arden, & Beyond) Tutoring Service
  • Jason L. Phillips, DC Alternative Medicine Practice
  • Artéria Collective Charitable Organization Social Service Agency
  • Purl's Yarn Emporium (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.62M
Owner & transaction history
New Falls Property LLC · 2 yrs held
New Falls Property LLC
since 2023
Last sale
$1.8M
3 recorded transactions
2023
$1.8M
2005
Price N/A
2005
$1.7M
Zoning & alternative use
DEED DATE: 2023-08-18 DEE · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Chapter 7 DEVELOPMENT
Top alternative use upside
Office building $2.6M +12.1%
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