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    For Sale (45)

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    Maggie Valley Commercial Land For Sale
    $65,000
    1.25 Acres

    Maggie Valley Commercial Land For Sale

    1.25 acres near Maggie Valley and Cherokee.

    4 Plott Balsam Rd, Maggie Valley, NC 28751
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    Downtown Waynesville Commercial Lot
    $75,000
    0.04 Acres

    Downtown Waynesville Commercial Lot

    Rare commercial lot in downtown Waynesville, ready for development.

    Depot St, Waynesville, NC 28786
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    Waynesville Land with Mountain Views
    $200,000
    7.03 Acres

    Waynesville Land with Mountain Views

    7.03 acres with long-range views and cleared home sites.

    #3 - #8 Viewpoint Mtn, Waynesville, NC 28786
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    Development-Ready Land in Waynesville, NC
    $55,000
    2.75 Acres

    Development-Ready Land in Waynesville, NC

    2.75 acres ideal for community development or investment.

    #8 Viewpoint Mtn, Waynesville, NC 28786
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    Wooded Lot Near Waynesville
    $100,000
    1.10 Acres

    Wooded Lot Near Waynesville

    1.1-acre wooded lot perfect for a dream home.

    Barn View Ln, Waynesville, NC 28785
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    Land in Gated Community
    $35,000
    1.36 Acres

    Land in Gated Community

    Residential land in Waynesville, NC with mountain views.

    Curry Comb Trl, Waynesville, NC 28785
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    Live-Work Property with RV Garage
    $335,000
    1,607 SF

    Live-Work Property with RV Garage

    Manufactured doublewide home paired with a large car-and-RV garage, outbuilding, and usable yard for flexible live-work use.

    25 Lester Ln, Waynesville, NC 28785
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    Residential Land in Sylva, NC
    $30,000
    0.84 Acres

    Residential Land in Sylva, NC

    0.84-acre sloping lot with level build site.

    Hazel Hollow Dr, Sylva, NC 28779
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    Waynesville Land with Mountain Views
    $350,000
    10.10 Acres

    Waynesville Land with Mountain Views

    10.1 acres in Waynesville, NC, with Blue Ridge views.

    Bark Trl, Waynesville, NC 28786
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    Residential Land in Clyde, NC
    $65,000
    0.70 Acres

    Residential Land in Clyde, NC

    Residential land available in Walnut Ridge Subdivision, Clyde, North Carolina.

    Ridge View Dr, Clyde, NC 28716
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    Buildable Lot in Sylva, NC
    $55,000
    0.57 Acres

    Buildable Lot in Sylva, NC

    Ready-to-build lot in Sylva with completed survey and perc test.

    4 White Birch Dr, Sylva, NC 28779
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    Waynesville Commercial Property For Sale
    $294,000
    4,760 SF

    Waynesville Commercial Property For Sale

    Prime commercial property with high visibility near the highway.

    1478 Dellwood Rd, Waynesville, NC 28786
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    Robbinsville, NC Land for Sale
    $100,000
    11.58 Acres

    Robbinsville, NC Land for Sale

    11.58 acres in the Smoky Mountains, ideal for recreation.

    Willow Ln, Robbinsville, NC 28771
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    Mountain Land with Winter Views
    $55,000
    4.98 Acres

    Mountain Land with Winter Views

    4.98-acre vacant land with mountain views in Franklin, NC.

    Hidden Trl, Franklin, NC 28734
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    Residential Land in Waynesville, NC
    $65,000
    1.65 Acres

    Residential Land in Waynesville, NC

    Upscale subdivision lot with graded house pad and driveway.

    Utah Mountain Rd, Waynesville, NC 28785
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    Land Near Downtown Bryson City
    Contact for pricing
    0.25 Acres

    Land Near Downtown Bryson City

    Quarter acre lot with utilities near downtown Bryson City.

    Homestead Ave, Bryson City, NC 28713
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    Land Near Downtown Bryson City
    Contact for pricing
    0.25 Acres

    Land Near Downtown Bryson City

    0.25 acres with city utilities near downtown Bryson City.

    Homestead Ave, Bryson City, NC 28713
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    Dillsboro Commercial Building For Sale
    $649,000
    3,040 SF

    Dillsboro Commercial Building For Sale

    Commercial building in thriving Dillsboro business district with tourist traffic.

    64 Front St, Dillsboro, NC 28725
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    Franklin, NC Land with Views
    $32,000
    2.08 Acres

    Franklin, NC Land with Views

    2.08 acre lot with views near downtown Franklin.

    Piney Grove Rd, Franklin, NC 28734
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    Sylva Land Opportunity
    $250,000
    13.17 Acres

    Sylva Land Opportunity

    Land with building potential near Sylva, Cullowhee, and amenities.

    Sylva, NC 28779
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    Wooded Land with Mountain Views
    $40,000
    1.19 Acres

    Wooded Land with Mountain Views

    1.19-acre unrestricted property with mountain views near Sylva, NC.

    Tract B & C Us Hwy 441, Sylva, NC 28779
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    Mountain View Land Parcel
    $39,500
    1.49 Acres

    Mountain View Land Parcel

    Land parcel with mountain views in gated community.

    Pitch Fork Cv, Waynesville, NC 28785
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    Buildable Lot Near Downtown Waynesville
    $40,000
    1.12 Acres

    Buildable Lot Near Downtown Waynesville

    1.12 acre buildable lot, convenient to Waynesville amenities.

    Flowing Brook Ln, Waynesville, NC 28786
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    Buildable Lot in Sylva, NC
    $70,000
    0.74 Acres

    Buildable Lot in Sylva, NC

    Accessible 0.74-acre lot ready for building in Sylva, NC.

    5 White Birch Dr, Sylva, NC 28779
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    Unrestricted Land in Waynesville, NC
    $449,000
    6.42 Acres

    Unrestricted Land in Waynesville, NC

    Unrestricted 6.42-acre property with income potential and future development.

    321 Shovel Creek Rd, Waynesville, NC 28786
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    Buildable Lot in Sylva, NC
    $50,000
    0.54 Acres

    Buildable Lot in Sylva, NC

    Accessible 0.54 acre lot ready for building in Sylva.

    3 Fisher Creek Rd, Sylva, NC 28779
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    Cleared Homesite Ready to Build
    $40,000
    0.82 Acres

    Cleared Homesite Ready to Build

    Cleared homesite with improved road access, ready for construction.

    #3 Viewpoint Mtn, Waynesville, NC 28786
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    Waynesville Residential Property For Sale
    $40,000
    1.86 Acres

    Waynesville Residential Property For Sale

    Residential property in Waynesville, NC, offering privacy and convenience.

    #6 #7 Viewpoint Mtn, Waynesville, NC 28786
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    Land in Gated Community
    $30,000
    1.01 Acres

    Land in Gated Community

    Residential land in Waynesville, NC with mountain views.

    Curry Comb Trl, Waynesville, NC 28785
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    Riverfront Land in Gated Community
    $175,000
    4.47 Acres

    Riverfront Land in Gated Community

    4.47-acre riverfront lot in Waynesville with mountain views.

    16 Harleys Cv, Waynesville, NC 28785
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    Scaly Mountain Land with Creek
    $200,000
    6.18 Acres

    Scaly Mountain Land with Creek

    6.18-acre mountain retreat bordering U.S. Forest Service land.

    99999 Chastain Rd, Scaly Mountain, NC 28775
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    Land Near Downtown Sylva
    $125,000
    2.00 Acres

    Land Near Downtown Sylva

    Approximately 2-acre parcel near downtown Sylva and WCU.

    Carver Mountain Vly, Sylva, NC 28779
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    Waynesville, NC Land Parcel
    $50,000
    0.51 Acres

    Waynesville, NC Land Parcel

    End-of-road privacy with long-range mountain views in Waynesville.

    #4 Viewpoint Mtn, Waynesville, NC 28786
    View details
    Waynesville Land with Mountain Views
    $40,000
    1.09 Acres

    Waynesville Land with Mountain Views

    Secluded homesite with long-range mountain views ready for building.

    #5 Viewpoint Mtn, Waynesville, NC 28786
    View details
    Waynesville, NC Land For Sale
    $35,000
    1.38 Acres

    Waynesville, NC Land For Sale

    1.38 acre lot near Asheville and Gatlinburg.

    Point Of View Dr, Waynesville, NC 28785
    View details
    Mountain Land with Year-Round Views
    $50,000
    2.88 Acres

    Mountain Land with Year-Round Views

    2.88 acres of land with mountain views near Waynesville.

    99999 Molasses Way, Waynesville, NC 28785
    View details
    Buildable Lot in Sylva, NC
    $70,000
    1.11 Acres

    Buildable Lot in Sylva, NC

    Accessible 1.11 acre lot ready for building in Sylva.

    2 Fisher Creek Rd, Sylva, NC 28779
    View details
    Maggie Valley Homesite with Mountain Views
    $89,900
    0.14 Acres

    Maggie Valley Homesite with Mountain Views

    Homesite in Maggie Valley with mountain views and easy access.

    600 Sophie Rd, Maggie Valley, NC 28751
    View details
    Maggie Valley Homesite with Views
    $137,500
    0.36 Acres

    Maggie Valley Homesite with Views

    Homesite in Maggie Valley with mountain views and amenities.

    500 Sophie Rd, Maggie Valley, NC 28751
    View details
    Land in Gated Community
    $50,000
    1.24 Acres

    Land in Gated Community

    1.24-acre lot in Woodstream, Waynesville, NC.

    99999 Sara Ridge Rd, Waynesville, NC 28786
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    Land Near Sylva, NC
    $125,000
    2.00 Acres

    Land Near Sylva, NC

    Two-acre lot near downtown Sylva and Western Carolina University.

    Carver Mountain Vly, Sylva, NC 28779
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    Whittier, NC Unrestricted Land
    Contact for pricing
    0.86 Acres

    Whittier, NC Unrestricted Land

    0.86 acre level lot near Bryson City.

    Cougar Ln, Whittier, NC 28789
    View details
    High-Visibility Commercial Lot in Whittier, NC
    $120,000
    0.57 Acres

    High-Visibility Commercial Lot in Whittier, NC

    Prime 0.57-acre lot, US 74 W exposure.

    Trl A Hwy 74 Hwy, Whittier, NC 28789
    View details
    Waynesville Development Opportunity
    Contact for pricing

    Waynesville Development Opportunity

    Land suitable for mixed-use development in Waynesville, North Carolina.

    40 Ratcliff Cove Rd, Waynesville, NC 28786
    View details
    2.58 Acre Commercial Land Opportunity
    Contact for pricing

    2.58 Acre Commercial Land Opportunity

    2.58 acres of land suitable for commercial or residential development.

    5 Noland Downs Rd, Waynesville, NC 28785
    View details

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    Beverly Hanks & Associates
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Beverly Hanks & Associates
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