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    4862 Hwy 28 N Almond, NC 28702

    View on Map
    For Sale
    $320,000

    MULTI_FAMILY - Other - Almond, NC

    Lot size:
    1.38 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 6 at 9:06 pm

    Property Features for 4862 Hwy 28 N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Dining Room
    Parking features
    Carport
    Security features
    Security System
    Patio and Porch features
    Porch
    Interior features
    Kitchen/Dining Room, Main Level Living, Primary on Main Level, New Kitchen
    Fireplace
    1
    Basement
    Full, Interior Entry, Exterior Entry, Finished
    Appliances
    Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator
    Standard status
    Active
    APN
    660200000700
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    973

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating), Wood
    Cooling system
    Electric, Central Air
    Water source
    Well
    Water front features
    Pond

    Building Details

    Year built
    1973
    Floors in Building
    2
    Flooring type
    Concrete, Hardwood
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Bartlett
    Jennifer Bartlett

    Listing agent Jennifer Bartlett License #287596

    Listing office RE/MAX AWENASA REALTY - Sylva 625 W Main St., Sylva, NC

    Listing date Mar 11, 2026

    MLS# 26046560

    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

    Versatile Home with Income Potential

    This versatile home features 2 bedrooms and 2 bathrooms. The main level offers comfortable living space, while the fully finished basement provides multiple living arrangements or income opportunities. The lower level has its own separate entrance, a full kitchen, and a private patio, making it ideal for a rental unit, guest suite, or multigenerational living space. The property allows the option to live upstairs while renting the downstairs, or enjoy the entire home for expanded living and entertaining. The property includes natural surroundings with a scenic pond and unrestricted land, providing the freedom to garden, keep animals, or simply enjoy the privacy and space. Additional features include an open floor plan, hardwoods throughout, granite countertops, and new gutters. The property is located in Almond, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Almond
    County
    Swain
    State
    North Carolina
    Longitude
    -83.5842775
    Latitude
    35.3983841

    FAQs

    What type of property is this?
    Single family property - Two-bedroom home with finished basement and rental opportunity.
    Where is this single family property located?
    The property is located at 4862 Hwy 28 N Almond, NC.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Fully finished basement with separate entrance, full kitchen, and private patio offers income potential or multi‑generational living.; Unrestricted land with scenic pond provides privacy and space for gardening or animals.; Open floor plan and hardwoods throughout the main level.
    (828) 736-9320
    We can help!
    Listing Contact
    Jennifer Bartlett
    Jennifer Bartlett
    Real Estate License ID: 287596
    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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