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    3848 Fulton Rd Franklin, NC 28734

    View on Map
    Sponsored
    For Sale
    $243,000

    Historical,Farm House - Franklin, NC

    Type:Farm
    Lot size:
    0.64 Acres
    Days on Market:
    42
    Last Refresh:
    Mar 12 at 4:06 pm

    Property Features for 3848 Fulton Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    7504835410
    Parking features
    Carport, Garage, None
    Patio and Porch features
    Porch, Deck
    Interior features
    Ceiling Fans, Cell Service Available, Living/Dining Room, Main Level Living
    Exterior features
    Deck, Porch, Rustic Appearance
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    Multi Units, Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1940
    Flooring type
    Hardwood, Vinyl
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Historical

    We can help!

    Listing Contact
    Daniel O'Connell

    eXp Realty, LLC (MLS Only) (888) 548-9431

    Listing agent Daniel O'Connell (888) 584-9431

    Listing date Jan 29, 2026

    MLS# 26042926 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

    Riverfront Home on 0.64 Acres

    Situated on 0.64 acres, this riverfront home offers rare space along the Cullasaja River. The property is suitable for kayaking, tubing, fishing, gardening, and outdoor entertaining, with easy water access and an open lawn. The updated home features 2 bedrooms and 2 bathrooms with a bright, open layout. The interior includes finished hardwood flooring, new luxury vinyl plank in the kitchen and bath, ceiling fans, a gas log fireplace, and an open living and dining area. The updated kitchen and baths complement the home's character while providing modern comfort. The property includes a porch and deck overlooking the river. Vacation rentals are allowed, and there is easy year-round access via a state-maintained road. Located minutes from downtown Franklin, this move-in-ready riverfront home is suitable as a primary residence, second home, or income-producing getaway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Macon
    State
    North Carolina
    Longitude
    -83.3230332
    Latitude
    35.1657332

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    FAQs

    What type of property is this?
    Farm - Updated 2-bedroom home on the Cullasaja River, Franklin, NC.
    Where is this farm located?
    The property is located at 3848 Fulton Rd Franklin, NC.
    What is the asking price?
    The asking price for this property is $243,000.
    What are key features of this property?
    This property features: - Riverfront property on 0.64 acres with level yard and easy access to the Cullasaja River, ideal for various outdoor activities.; - Vacation rentals allowed and no HOA restrictions.; - Tastefully updated 2-bedroom, 2-bathroom home with modern kitchen and baths.
    (828) 787-3004
    Request Owner's contact information
    3848 Fulton Rd Franklin, NC 28734
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    Franklin, NC 28734
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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
    3848 Fulton Rd Franklin, NC 28734
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    We can help!
    Listing Contact
    Daniel O'Connell
    (828) 787-3004 (888) 584-9431
    Learn more
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