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    Tohi Coti Lucas, Waynesville, NC

    License ID: 322922

    Service Locations

    Contact details

    Phone:
    (828) 318-7473

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land
    • Residential

    Performance

    Listings
    30

    Listings

    For Sale (29)

    View map
    • $1,000,000
      100.00 Acres

      High Elevation Wooded Valley Land

      100-acre wooded valley with creek and potential views.
      Nc 209 Hwy, Spring Creek, NC 28743
      View Details
    • $40,000
      0.06 Acres

      Savannah Creek RV Park Land

      Vacation lot in Savannah Creek RV Park, Sylva, NC.
      50 Timber Leaf Dr, Sylva, NC 28779
      View Details
    • $150,000
      2.41 Acres

      Waynesville Land with Mountain Views

      2.4 acre land with mountain views near Cataloochee Valley.
      5 Sigogglin Trl, Waynesville, NC 28785
      View Details
    • $2,250,000
      242.00 Acres

      Unspoiled Farm Ideal for Development

      242-acre farm in Hot Springs, NC, suitable for development.
      Nc 209 Hwy, Hot Springs, NC 28743
      View Details
    • $239,000
      14.57 Acres

      High Elevation Wooded Land

      14.57 acres of unrestricted land near Waynesville, North Carolina.
      Reo Dr, Waynesville, NC 28785
      View Details
    • $59,000
      0.47 Acres

      Unrestricted Land Near Blue Ridge

      Level lot near outdoor attractions and Waynesville amenities.
      Eagles Trce, Canton, NC 28716
      View Details
    • $750,000
      0.59 Acres

      Commercial Land in High-Traffic Area

      Corner commercial property in Sylva, NC with high visibility.
      32 Chaparral Dr, Sylva, NC 28779
      View Details
    • $1,000,000
      0.61 Acres

      Commercial Land in High-Traffic Location

      Corner commercial property in Sylva, NC with high visibility.
      9 Chaparral Dr, Sylva, NC 28779
      View Details
    • $1,750,000
      1.38 Acres

      Historic Waynesville Commercial Property

      Landmark property with multiple income streams and business potential.
      123 S Main St, Waynesville, NC 28786
      View Details
    • $250,000
      3.50 Acres

      Canton, NC Rolling Farmland

      3.5 acres of rolling farmland bordering Beaverdam Creek.
      Carver Cove Rd, Canton, NC 28716
      View Details
    • $599,000
      12.50 Acres

      Rolling Farmland on Beaverdam Creek

      12.5 acres of rolling farmland ideal for homes or RV park.
      Beaverdam Rd, Canton, NC 28716
      View Details
    • $2,250,000
      242.00 Acres

      Large Wooded Land Tract

      242-acre wooded land near Waynesville and Asheville, NC.
      Hwy 209, Hot Springs, NC 28743
      View Details
    • New
      $75,000
      4.57 Acres

      Wooded Mountain View Home Lot

      Private wooded acreage with easy year-round access and long-range view potential for a custom mountain home.
      Rustic Rd, Waynesville, NC 28786
      View Details
    • $119,000
      3.34 Acres

      Waynesville Land with Mountain Views

      Large parcel with long-range views near Waynesville shopping and dining.
      403 Malin Trl, Waynesville, NC 28786
      View Details
    • $2,500,000
      1.46 Acres

      Prime Retail Site in Sylva

      Highly visible retail property on 1.46 acres with city utilities.
      30 Main St, Sylva, NC 28779
      View Details
    • $245,000
      3.25 Acres

      Sylva, NC Income Property

      Income property with utilities in Sylva, North Carolina.
      72 Topeka Dr, Sylva, NC 28779
      View Details
    • New
      $67,000
      4.49 Acres

      Waynesville Wooded Land For Sale

      4.5 acre wooded property with mountain view potential.
      Purple Martin Ln, Waynesville, NC 28785
      View Details
    • $2,200,000
      0.81 Acres

      Waynesville Mixed-Use Investment Opportunity

      Retail and residential income property in high-growth Waynesville area.
      62 Overbrook Dr, Waynesville, NC 28786
      View Details
    • $299,000
      0.80 Acres

      Commercial Land Near Medical Center

      Highly visible commercial land suitable for medical offices or services.
      Macon Center Dr, Franklin, NC 28734
      View Details
    • Contact for pricing
      1.38 Acres

      Maggie Valley Land For Sale

      High elevation property with potential long range valley views.
      Hoot Owl Bill Rd, Maggie Valley, NC 28751
      View Details
    • Contact for pricing
      1,000 SF

      Waynesville Mixed-Use Investment Opportunity

      Retail and residential spaces in high-growth area, seller financing.
      62 Overbrook Dr, Waynesville, NC 28786
      View Details
    • Contact for pricing

      Commercial Property on East Main

      Corner commercial property in high-traffic location with city utilities.
      9 Chaparral Dr, Sylva, NC 28779
      View Details
    • Contact for pricing

      Commercial Land in High Traffic Area

      Corner commercial property in Sylva, NC with high visibility.
      32 Chaparral Dr, Sylva, NC 28779
      View Details
    • Contact for pricing

      Land in Macon Center

      Highly visible land suitable for medical offices or support services.
      Lot B Macon Ctr Dr Unit B, Franklin, NC 28734
      View Details
    • Contact for pricing

      Commercial Site on East Main

      Shovel-ready commercial site with high visibility and traffic count.
      Unknown, Sylva, NC 28779
      View Details
    • Contact for pricing

      Unspoiled Farm Ideal for Development

      Old family farm suitable for residential development or estate.
      Nc 209 Hwy, Hot Springs, NC 28743
      View Details
    • Contact for pricing

      Unrestricted Level Field Near Parkway

      Level field near public lands, Blue Ridge Parkway, and amenities.
      00 Eagles Trce, Canton, NC 28716
      View Details
    • Contact for pricing

      Rolling Farmland Bordering Beaverdam Creek

      Farmland ideal for residential development with easy access.
      00 Carver Cove Rd, Canton, NC 28716
      View Details
    • Contact for pricing

      Land with Potential Valley Views

      High elevation land between Maggie Valley and Cherokee.
      00 Hoot Owl Bill Rd, Maggie Valley, NC 28751
      View Details

    For Lease (1)

    View map
    • $10,000 /Mo
      174,240 SF

      Canton, NC Commercial Land

      4-acre commercial land near I-40, suitable for development.
      60 Trantham Rd, Canton, NC 28716
      View Details

    Leases and Sales on Map

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    Tohi Coti Lucas, Waynesville, NC
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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.

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    Tohi Coti Lucas, Waynesville, NC
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