512-522 S Caldwell St
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512-522 S Caldwell St
6,224 SF 79% Leased Office Building Brevard, NC 28712 $1,400,000 ($225/SF) 5.08% Cap Rate
Investment Highlights
- Plenty of parking for each business 40 PARKING SPACES
- Location is easy access in and out and just a few blocks from downtown
- Busy area with lots of exposure for the Businesses
Executive Summary
LOCATION LOCATION LOCATION!!!! Come and see the opportunities with this well maintained commercial building that is currently FULLY OCCUPIED!! OWNER/USER UNIT WILL OPEN UP FOR NEW OWNER TO COME IN WITH THEIR OWN BUSINESS TO FLOURISH .This property has 40 PARKING SPACES so there is plenty of parking for each business, plus it is located just a few blocks from downtown. The versatile layout opens the door to a variety of Business opportunities. There is approximately 129 feet of road frontage so it is easily accessed with plenty of exposure for business owners. This exceptional Commercial space is a prime opportunity to expand ones portfolio.
Come and see the opportunities with this well maintained commercial building.
Come and see the opportunities with this well maintained commercial building.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,090
|
$15.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,973
|
$0.48
|
| Effective Gross Income |
$96,117
|
$15.44
|
| Taxes |
$4,430
|
$0.71
|
| Operating Expenses |
$20,611
|
$3.31
|
| Total Expenses |
$25,041
|
$4.02
|
| Net Operating Income |
$71,076
|
$11.42
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $99,090 |
| Annual Per SF | $15.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,973 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $96,117 |
| Annual Per SF | $15.44 |
| Taxes | |
|---|---|
| Annual | $4,430 |
| Annual Per SF | $0.71 |
| Operating Expenses | |
|---|---|
| Annual | $20,611 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $25,041 |
| Annual Per SF | $4.02 |
| Net Operating Income | |
|---|---|
| Annual | $71,076 |
| Annual Per SF | $11.42 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,224 SF
Building Class
C
Year Built
1983
Price
$1,400,000
Price Per SF
$225
Cap Rate
5.08%
NOI
$71,076
Percent Leased
79%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,112 SF
Building FAR
0.22
Lot Size
0.64 AC
Zoning
C2 - Commercial
Parking
40 Spaces (6.43 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 8585-38-7740-000 | Total Assessment | $408,870 |
| Land Assessment | $150,000 | Annual Taxes | $4,430 ($0.71/SF) |
| Improvements Assessment | $258,870 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8585-38-7740-000
Land Assessment
$150,000
Improvements Assessment
$258,870
Total Assessment
$408,870
Annual Taxes
$4,430 ($0.71/SF)
Tax Year
2024
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512-522 S Caldwell St
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