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    178 Potts Community Road Webster, NC 28779

    View on Map
    Pending
    $394,900

    MULTI_FAMILY - Ranch - Webster, NC

    Type:Single Family Residence
    Lot size:
    0.64 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 6 at 8:06 pm

    Property Features for 178 Potts Community Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Dining Room, Bedroom 1, Bedroom 2
    Parking features
    Carport
    Window features
    Insulated Windows, Skylight(s)
    Interior features
    In-law Quarters, Kitchen/Dining Room, Living/Dining Room, Main Level Living, Primary on Main Level, New Kitchen, Open Floorplan, Sunroom
    Exterior features
    Rustic Appearance
    Fireplace
    1
    Basement
    Exterior Entry
    Appliances
    Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer
    Standard status
    Pending
    APN
    7630479964
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Annual Amount
    491

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Wood
    Water source
    Well

    Building Details

    Year built
    1960
    Flooring type
    Vinyl
    Building materials
    HardiPlank Type
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jonathan Tharp

    Listing agent Jonathan Tharp

    Listing office Keller Williams Realty of Franklin 1573 Highlands Road, Franklin, NC

    Listing date Mar 12, 2026

    MLS# 26041254

    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.

    Overview

    Renovated Home Near Tuckasegee River

    This renovated single-level home is located moments from the Tuckasegee River and Western Carolina University. The property features two separate move-in-ready living spaces, each with private entrances and laundry hookups. These spaces are suitable for multi-generational living, long-term rentals, or potential short-term rentals, or conversion into a larger single living space. A large finished flex space with framed-in lofts offers possibilities for use as a game room, movie lounge, or studio, or conversion into another living area. The basement has been fully gutted and includes plumbing. Recent upgrades include new Hardie board siding, new windows and doors, and a new roof. The property is situated on a 0.64-acre level lot with a large backyard. It also includes a two-vehicle carport and a paved driveway with ample parking. Located outside of Sylva and Webster zoning, there are no STR restrictions, making this a prime income-producing opportunity or a flexible living solution in the heart of Western North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Webster
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.2434607
    Latitude
    35.3463159

    FAQs

    What type of property is this?
    Single family property - Renovated home with income potential near Western Carolina University.
    Where is this single family property located?
    The property is located at 178 Potts Community Road Webster, NC.
    What is the asking price?
    The asking price for this property is $394,900.
    What are key features of this property?
    This property features: Two separate, move‑in‑ready living spaces with private entrances and laundry hookups.; No short‑term rental restrictions, prime income opportunity.; Massive finished flex space with framed‑in lofts.
    (828) 347-9474
    We can help!
    Listing Contact
    Jonathan Tharp
    Learn More
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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
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