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    For Sale (27)

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    Franklin, NC Land Opportunity
    Contact for pricing
    1.38 Acres

    Franklin, NC Land Opportunity

    1.38-acre property near Bartram Trail access.

    Bartram Trail Rd, Franklin, NC 28734
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    Residential Land Near Bartram Trail
    Contact for pricing
    1.14 Acres

    Residential Land Near Bartram Trail

    1.14-acre property near Bartram Trail in Franklin, NC.

    Bartram Trail Rd, Franklin, NC 28734
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    Franklin, NC 19-Acre Land Tract
    $182,000
    19.00 Acres

    Franklin, NC 19-Acre Land Tract

    19-acre land tract with development potential in Franklin, NC.

    Watson Cove Rd, Franklin, NC 28734
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    Upscale RV Resort Living
    $222,000
    0.07 Acres

    Upscale RV Resort Living

    Premium RV pad with casita and resort-style amenities included.

    134 Sunset View Trl, Franklin, NC 28734
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    Unique Commercial Building in Franklin, NC
    $799,000
    6,850 SF

    Unique Commercial Building in Franklin, NC

    Three-story commercial building with retail and office space potential.

    153 E Palmer St, Franklin, NC 28734
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    Residential Land in Franklin, NC
    $35,000
    2.24 Acres

    Residential Land in Franklin, NC

    2.24-acre lot in the Preserve at Holly Springs.

    Calebs Way, Franklin, NC 28734
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    Glenville Land with Mountain Views
    $110,000
    3.54 Acres

    Glenville Land with Mountain Views

    3.54 acre lot with Blue Ridge Mountain views.

    68 Parachute Rdg, Glenville, NC 28736
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    Franklin, NC Residential Lot
    $75,000
    3.10 Acres

    Franklin, NC Residential Lot

    3.09 acre lot with long range views.

    Little Fawn Trl, Franklin, NC 28734
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    Land in Western North Carolina
    $150,000
    4.99 Acres

    Land in Western North Carolina

    4.99-acre tract with privacy and potential mountain views.

    Millbrook Cove Rd, Franklin, NC 28734
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    7.86 Acres in Bryson City
    $65,000
    7.86 Acres

    7.86 Acres in Bryson City

    7.86 acres with driveway and homesite near Alarka Creek.

    Starry Dr, Bryson City, NC 28713
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    Boynton Beach Vacant Corner Lot
    $64,900
    0.11 Acres

    Boynton Beach Vacant Corner Lot

    Vacant corner lot in a desirable 55+ community.

    56007 Amparo Bay, Boynton Beach, FL 33436
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    Versatile Warehouse Near Downtown Franklin
    $385,000
    3,480 SF

    Versatile Warehouse Near Downtown Franklin

    Spacious warehouse suitable for storage, manufacturing, automotive, or industrial use.

    244 Burnette Rd, Franklin, NC 28734
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    Ready-to-Use Sylva Land Parcel
    $57,500
    1.49 Acres

    Ready-to-Use Sylva Land Parcel

    1.49-acre parcel with utilities installed, ready for your project.

    645 Sunrise Park, Sylva, NC 28779
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    Land in Clarks Chapel Community
    $165,000
    2.84 Acres

    Land in Clarks Chapel Community

    2.84-acre parcel with mountain views, well, and septic permit.

    572 Fulcher Summit Dr, Franklin, NC 28734
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    Franklin, NC Land Opportunity
    Contact for pricing
    1.29 Acres

    Franklin, NC Land Opportunity

    1.29-acre property near Bartram Trail access.

    Bartram Trail Rd, Franklin, NC 28734
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    Franklin, NC Land Parcel
    Contact for pricing
    0.45 Acres

    Franklin, NC Land Parcel

    Land parcel available in Franklin, NC with road frontage.

    Town Mountain Dr, Franklin, NC 28734
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    Unrestricted Land Near Downtown Franklin
    $42,500
    1.25 Acres

    Unrestricted Land Near Downtown Franklin

    1.25 acres of unrestricted land, 15 minutes from downtown.

    Gem Lake Estates Rd, Franklin, NC 28734
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    Franklin, NC Building Lot
    Contact for pricing
    3.19 Acres

    Franklin, NC Building Lot

    3.19-acre building lot in Trimont Lake Estates.

    Misty Dawn Cir, Franklin, NC 28734
    View details
    Land in Holly Springs Preserve
    $35,000
    2.29 Acres

    Land in Holly Springs Preserve

    2.29 acre lot with views near town amenities.

    Calebs Way, Franklin, NC 28734
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    Mountain Land in Whisper Mountain
    Contact for pricing
    2.82 Acres

    Mountain Land in Whisper Mountain

    Land for sale in Western North Carolina mountains.

    Whisper Mountain Rd, Franklin, NC 28734
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    Mountain Land in Whisper Mountain
    Contact for pricing
    0.99 Acres

    Mountain Land in Whisper Mountain

    Land in Western North Carolina mountains for private retreat.

    2 31, Franklin, NC 28734
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    Builder-Ready Lot with Mountain Views
    $69,000
    1.90 Acres

    Builder-Ready Lot with Mountain Views

    Mountain lot with well, septic, and power in place.

    390 Buckhead Trce, Franklin, NC 28734
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    Franklin, NC Land with Views
    $49,000
    5.35 Acres

    Franklin, NC Land with Views

    5.35 acre lot with long range mountain views.

    288 Deer Path Trl, Franklin, NC 28734
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    Mountain Land in Whisper Mountain
    Contact for pricing
    3.81 Acres

    Mountain Land in Whisper Mountain

    Tranquil mountain land with views and minimal restrictions.

    lot 1-731 Whisper Mountain Rd, Franklin, NC 28734
    View details
    Prime Commercial Land with Visibility
    $649,000
    3.63 Acres

    Prime Commercial Land with Visibility

    3.63-acre commercial tract with high visibility and easy access.

    1661 Highlands Rd, Franklin, NC 28734
    View details
    Secluded Mountain Land with Creek
    $285,000
    16.36 Acres

    Secluded Mountain Land with Creek

    Private 16.36-acre mountain retreat with creek frontage.

    Bradley Creek Rd, Franklin, NC 28734
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    Unrestricted Homesite in Franklin, NC
    $159,900
    3.14 Acres

    Unrestricted Homesite in Franklin, NC

    Gently sloping 3.14-acre homesite with utilities in place.

    Roland Rickman Rd, Franklin, NC 28734
    View details

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    Evan Harrell Realty, Inc.
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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
    Evan Harrell Realty, Inc.
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