Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    177 Bob Penland Rd Hayesville, NC 28904

    Sponsored
    For Sale
    $799,740

    Farm House,Two Story,Custom - Hayesville, NC

    Type:Farm
    Lot size:
    9.19 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 1 at 11:06 pm

    Property Features for 177 Bob Penland Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security System
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    4
    Bathrooms
    4
    APN
    640900790583 & 640900792203
    Parking
    1
    Parking features
    Garage, Garage - Detached, Underground/Basement
    Patio and Porch features
    Porch, Deck
    Interior features
    Breakfast Bar, Ceiling Fans, Cell Service Available, Country Kitchen, Formal Dining Room, Garden Tub, Large Master Bedroom, Primary w/Ensuite, Pantry, Rec/Game Room, Security System, Split Bedroom, Workshop
    Exterior features
    Barn, Deck, Fenced Yard, Generator, Outbuilding/Workshop, Paved Driveway, Porch, Rustic Appearance, Storage Building/Shed
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Lot size
    9.19 Acres

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air, Electric, Heat Pump

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Building materials
    HardiPlank Type
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Barn(s), Outbuilding, Packing Shed, Shed(s), Storage, Workshop

    We can help!

    Listing Contact
    Christy Mitchell
    Christy Mitchell

    Berkshire Hathaway Homeservices - Great Smokys Realty (843) 409-1006

    Listing agent Christy Mitchell (843) 409-1006

    Listing date Jan 13, 2026

    MLS# 26039776 Listing URL

    Copyright © 2026 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mountain Retreat Farm with USFS Access

    This mountain retreat and farm is located in the Shooting Creek area on 9.19 unrestricted acres, adjoining over 3300 acres of USFS land. The property features year-round mountain views and paved access. Inside, there is a living room with a rock fireplace and hardwood floors, a formal dining area, and an eat-in kitchen with a breakfast bar and stainless Whirlpool appliances. The primary suite includes its own fireplace and a large ensuite with a garden tub, plus 2 additional bedrooms with a Jack and Jill bath. The finished basement has a workshop/canning room, a rec room, and an extra bedroom. New carpet has been installed upstairs, and new flooring in the basement. The property is equipped with 2 zoned heat pumps and a whole-house generator. Outside, there is a detached 3-car garage, a 2-stall horse barn with a feed and tack room, a goat barn, and new fencing. Multiple decks and a swim spa/hot tub are also included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Garden Center Wine and Liquor Store Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayesville
    County
    Clay
    State
    North Carolina
    Longitude
    -83.654619
    Latitude
    35.03278

    Nearby Similar for Sale

    • $540,000
      4,080 SF

      Mixed-Use Property Near Town Square

      Two interconnected buildings with warehouse and apartment spaces.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • $540,000
      5,880 SF

      Hayesville Mixed-Use Investment Opportunity

      Two interconnected commercial buildings with apartment and parking lot.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • $549,900
      2.94 Acres

      Versatile Property with Workshop and Home

      2.94-acre property with workshop, home, and commercial potential.
      1654 Myers Chapel Rd, Hayesville, NC 28904
      View Details
    • $540,000

      Mixed-Use Investment Opportunity

      Two interconnected commercial buildings with residential apartment in Hayesville, NC.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • $1,750,000
      20,654 SF

      Hayesville Office Building on Highway

      20,654 SF office building on 1.492 acres.
      3280 Nc-69, Hayesville, NC 28904
      View Details
    • $1,799,000
      5.39 Acres

      Lake Chatuge Income-Producing Motel

      Unrestricted 5.39 acres with motel, mobile homes, lake access.
      40 Chatuge Ln, Hayesville, NC 28904
      View Details
    • $395,000
      4.90 Acres

      Hayesville Farmhouse with Mountain Views

      Charming farmhouse on nearly 5 acres with mountain views.
      337 Town Mountain Rd, Hayesville, NC 28904
      View Details
    • $895,000
      1,500 SF

      Turnkey Mountain Resort Investment Property

      Meticulously developed mountain resort with multiple revenue streams in North Carolina.
      3452 Old Highway 64 East, Hayesville, NC 28904
      View Details
    • $54,500
      4.38 Acres

      Hayesville, NC Vacant Land

      4.3 acre vacant land with mountain views in equestrian community.
      69 Colt Run, Hayesville, NC 28904
      View Details
    • Contact for pricing
      1,008 SF

      Hayesville Commercial Space For Lease

      Versatile commercial space in high-traffic location, ideal for various businesses.
      562 Tusquittee St, Hayesville, NC 28904
      View Details
    • New
      Contact for pricing
      1.96 Acres

      Equestrian Lot with Mountain Views

      1.96-acre lot in equestrian community with mountain views.
      73 Shiloh Dr, Hayesville, NC 28904
      View Details
    • $450,000
      400 SF

      Hayesville Commercial Property on US 64

      Commercial property on a busy highway suitable for business office.
      3697 Hwy 64W, Hayesville, NC 28904
      View Details

    FAQs

    What type of property is this?
    Farm - Farm retreat on 9.19 acres adjoining USFS land.
    Where is this farm located?
    The property is located at 177 Bob Penland Rd Hayesville, NC.
    What is the asking price?
    The asking price for this property is $799,740.
    What are key features of this property?
    This property features: - Adjoins over 3300 acres of US Forest Service land, offering unparalleled access to nature and recreation.; - Enjoy stunning year-round mountain views and easy paved access.; - 9.19 unrestricted acres with a 2-stall horse barn, goat barn, and new fencing, ideal for farm animals or hobbies.
    (843) 409-1006
    Request Owner's contact information
    177 Bob Penland Rd Hayesville, NC 28904
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    177 Bob Penland Rd
    Hayesville, NC 28904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    177 Bob Penland Rd Hayesville, NC 28904
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christy Mitchell
    Christy Mitchell
    Real Estate License ID: 308232
    (843) 409-1006
    Learn more
    Google sign-in failed. Please try again or use another login method.