5515 Hendersonville RdFletcher, NC 28732

Property Details for 5515 Hendersonville Rd

Year built

2004

Lot size

0.78 AC

Property size (Sq ft)

4,314 SF

Zone code

1015438~C-1

Property type

Office buildings

APN

9652320051

APU

9652320051

Description

This exceptional investment opportunity presents a single-tenant, 5,501 square foot Class A office building located at 5515 Hendersonville Road, Fletcher, NC 28732. The property, built in 2004, sits on a 0.78-acre lot and is zoned C1, allowing for versatile commercial use. Currently boasting 100% occupancy with a net lease in place, this building offers immediate income potential with a 6.45% cap rate and a price per square foot of $272.50. The asking price is $1,499,000. The single-story building is perfectly suited for its current tenant, Heartland Veterinary Partners, a rapidly expanding national veterinary organization. This prime location in Fletcher offers excellent visibility, situated directly across from a new Ingles grocery store and a quarter-mile from the new Tap Root subdivision, ensuring high traffic and strong tenant appeal. The property's well-maintained condition and strong tenant history make it an attractive addition to any investment portfolio. The property's APN is 9652320051. This is a rare opportunity to acquire a high-performing, net-leased asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $832,480

  6.5%

  $768,443

  7%

  $713,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $355,172

  Geo Method

  $355,172

• Alternative Use

  Use

  Valuation

  Residential

  $952,869

  Hospitality

  $872,823

  Educational

  $726,179

  Medical

  $751,153

  Retail

  $1,129,611

Location Insight

City

Fletcher

County

Henderson

State

North Carolina

Latitude

35.4082

Longitude

-82.5143

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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