Hendersonville, NC
Commercial Real Estate Market Trends & Data

$345 Avg asking sale price
$2,740 Avg asking lease rate
11,452 SF Avg unit lease size
10,795 SF Avg building size for sale
6.39% Average cap rate

Hendersonville's Demographic Profile

Hendersonville has 7,563 households and a median income of $51,466, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 16,325
# Households 7,563
Median age 48
Median household income $51,466
Avg household size 2.0
Renter-occupied housing units 3,582
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hendersonville, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hendersonville $215 6,711 SF 6.21%
Arden $280 10,564 SF 5.56%
Nearby Retail Markets Avg Cost/SF Typical Size
Hendersonville $340 7,590 SF
Flat Rock $471 4,572 SF
East Flat Rock $851 1,030 SF
Mills River $914 4,200 SF
Arden $403 2,931 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hendersonville $254 4,035 SF 7.50%
Asheville $458 5,455 SF 9.70%
Candler $647 2,124 SF 7.09%
Black Mountain $532 2,587 SF 10.15%

Commercial Properties For Sale in Hendersonville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

421 S Church St

Hendersonville, NC 28792

  • 8,392 SF Office Building
  • 6.21% Cap Rate
  • $2,195,000
For Sale

412 McMurray Rd

Flat Rock, NC 28731

  • 14.22 AC Lot
  • 1 Industrial Lot
  • $3,000,000
For Sale

153 Hackleburg Lane

Hendersonville, NC 28792

  • 1,495 SF Multifamily
  • 7.50% Cap Rate
  • $475,000
For Sale

520 Courtwood Ln

Hendersonville, NC 28739

  • 4,784 SF Multifamily
  • $1,285,000
For Sale

Fleming Street Apartments

Hendersonville, NC 28739

  • 5,825 SF Multifamily
  • 7.02% Cap Rate
  • $1,025,000
For Sale

5429 Asheville Hwy

Hendersonville, NC 28791

  • 0.95 AC Lot
  • 1 Commercial Lot
  • $975,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hendersonville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hendersonville $345 10,795 SF
Flat Rock $368 13,726 SF
East Flat Rock $398 19,464 SF
Etowah $80 24,248 SF

Regional Demographic Comparison

This comparison places Hendersonville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hendersonville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hendersonville 16,325 7,563 48 $51,466 2 3,582 5%
Flat Rock 3,888 1,884 65 $88,445 2 283 5%
East Flat Rock 5,554 2,092 42 $51,373 3 744 3%
Mountain Home 3,320 1,303 47 $54,246 3 283 2%
Etowah 7,197 3,126 53 $66,102 2 412 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hendersonville, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hendersonville

View All Commercial Real Estate For Sale in Hendersonville
Is Hendersonville a good market for a first-time commercial real estate investor?

Hendersonville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hendersonville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hendersonville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hendersonville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hendersonville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hendersonville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hendersonville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hendersonville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hendersonville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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