Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building in Sylva, NC Title is generated by Realmo AI

    478 Asheville Highway, Sylva, NC 28779

    View on Map
    Claim this Listing
    For Sale
    $695,000

    COMMERCIAL - Sylva, NC

    Property size:
    6,900 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $100/SF
    Added:
    Jan 13, 2026
    Days on Market:
    116
    Last Refresh:
    May 9 at 2:06 am

    Property Features for 478 Asheville Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    7641599692
    Size
    6,900 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3250

    Utilities

    Utilities
    Phone Available
    Heating system
    Electric (Heating), Propane (Heating), Heat Pump (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1987
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Ralph Allison

    Listing agent Ralph Allison License #159929

    Listing office WESTERN CAROLINA PROPERTIES-Dillsboro Po Box 366, DILLSBORO, NC

    Listing date Jan 13, 2026

    MLS# 26043071

    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.

    HighLights

    • Large commercial building offering 6900 sq ft within Sylva city limits.
    • Sizeable city lot (.69 acres) offering ample space.
    • Currently configured with retail, office space, and two restrooms.
    • Flexible interior: walls can be reconfigured to create open space.
    • Multiple heating options: Heat Pump, Electric, and Propane.
    • Parking lot available.

    Overview

    Located within the city limits of Sylva, North Carolina, this commercial building offers 6,900 square feet of space on a 0.69-acre city lot. The building is currently configured as a tractor sales and repair shop, featuring retail and office areas, along with two restrooms. The interior walls can be reconfigured to create a more open layout. The property is located at 478 Asheville Highway, Sylva, NC 28779.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carquest Auto Parts ... Auto Parts Store CARQUEST AUTO PARTS ... Auto Parts Store Western Carolina Lawn ... Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • C T Auto Services — 12 Caldwell St, Sylva, NC 28779
    • Pennington’s Paint & Body — 24 Broad St, Sylva, NC 28779
    • Treddy Tire — E Main St, Sylva, NC 28779
    • Strickland Brothers 10 Minute Oil Change and Inspection Station — 415 E Main St, Sylva, NC 28779
    • New/Used Tires — Sylva, NC 28779

    Location Insight

    • Map
    • Local Demand
    City
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.2084132
    Latitude
    35.3795677

    Nearby Similar for Sale

    • $899,000
      1,121 SF

      Sylva Commercial Property For Sale

      Commercial property in Sylva, NC, suitable for office, retail, restaurant.
      307 E Main Street, Sylva, NC 28779
      View Details
    • $390,000
      1,020 SF

      Versatile Commercial Property on Skyland Drive

      Move-in ready building suitable for retail, office, or daycare.
      286 Skyland Drive, Sylva, NC 28779
      View Details
    • $1,250,000
      11,000 SF

      West Main Street Commercial Buildings

      Two buildings with retail, office spaces, and business opportunities.
      562 W Main Street, Sylva, NC 28779
      View Details
    • $675,000
      6,262 SF

      Sylva Mixed-Use Investment Opportunity

      Fully leased mixed-use property in downtown Sylva with income potential.
      439 W Main St, Sylva, NC 28779
      View Details
    • $1,500,000
      6,144 SF

      Mountain Fortress in Gated Community

      Unique mountain top property with stunning views and rental potential.
      2222 Greenspire Drive, Sylva, NC 28779
      View Details
    • $650,000
      1,000 SF

      Farm with Rental Income Potential

      Small farm with rental income in Sylva, North Carolina.
      505 Parris Branch Road, Sylva, NC 28779
      View Details
    • $245,000

      Sylva, NC Income Property

      Income property with utilities in Sylva, North Carolina.
      72 Topeka Drive, Sylva, NC 28779
      View Details
    • $850,000

      Riverfront Mobile Home Park

      Mobile home park with river frontage and additional rental units.
      393 Riverbend, Sylva, NC 28779
      View Details
    • $45,000

      RV Lot in Mountain Getaway

      RV lot in Western North Carolina mountains near Savannah Creek.
      50 Timber Leaf Dr #9 lot: 9, Sylva, NC 28779
      View Details
    • $2,775
      1,890 SF

      Sylva Commercial Office Space

      End unit office space suitable for medical or professional use.
      74 Eastgate Road, Sylva, NC 28779
      View Details
    • $2,500,000

      Prime Retail Site in Sylva

      Highly visible retail property on 1.46 acres with city utilities.
      30 Main Street, Sylva, NC 28779
      View Details
    • $390,000

      Skyland Drive Commercial Property For Sale

      Commercial property on Skyland Drive, ideal for various business uses.
      286 Skyland Drive, Sylva, NC 28779
      View Details

    FAQs

    What type of property is this?
    Auto shop - Large commercial building suitable for retail or automotive use.
    Where is this auto shop located?
    The property is located at 478 Asheville Highway Sylva, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Large commercial building offering 6900 sq ft within Sylva city limits.; Sizeable city lot (.69 acres) offering ample space.; Currently configured with retail, office space, and two restrooms.
    (828) 507-2005
    We can help!
    Listing Contact
    Ralph Allison
    Real Estate License ID: 159929
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    478 Asheville Highway, Sylva, NC 28779
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!