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    5830 Nc 209 Hwy Hot Springs, NC 28743

    View on Map
    Sponsored
    For Sale
    $1,300,000

    MULTI_FAMILY - Other - Hot Springs, NC

    Lot size:
    11.44 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 15 at 10:06 pm

    Property Features for 5830 Nc 209 Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    8758-73-9590
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Pets allowed
    Yes
    Exterior features
    Hot Tub
    Fireplace
    1
    Appliances
    Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
    Lot size
    11.44 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Laminate
    Building materials
    Wood
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Clarissa Marshall

    EXP REALTY LLC (336) 937-9123

    Listing agent Clarissa Marshall (828) 774-6343

    Listing date Mar 14, 2026

    MLS# 4356324

    Copyright © 2026 Canopy MLS. 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

    Turnkey Cabin Business Opportunity

    Located in the mountains of Madison County, this established nightly rental business features five log cabins on 11.44 acres. The meticulously-maintained cabins are a short drive to Marshall, Mars Hill, Asheville, Weaverville, and Tennessee. Each cabin includes one bedroom, one bath, a fireplace, and a gas grill. Guests can enjoy mountain views from the private covered deck with a hot tub in every unit. A utility building, added in 2022, houses commercial washer and dryers. Visitors can hike trails in the nearby Pisgah National Forest and Appalachian Trail. This turnkey business opportunity has over 20 years of documented bookings. The website and all future bookings convey with the sale. A survey was obtained in 2020. Each cabin has its own septic system. The property is located in Hot Springs, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Real Estate Agency Hotel & Motel Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Madison
    State
    North Carolina
    Longitude
    -82.854133
    Latitude
    35.841933

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    FAQs

    What type of property is this?
    Campground - Established nightly rental business with five cabins on 11.44 acres.
    Where is this campground located?
    The property is located at 5830 Nc 209 Hwy Hot Springs, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Established, turnkey nightly rental business with over 20 years of documented bookings; website and future bookings included.; - Five meticulously-maintained log cabins on 11.44 acres in the mountains of Madison County.; - Each cabin features a **private covered deck with a hot tub and mountain views.**
    (828) 774-6343
    Request Owner's contact information
    5830 Nc 209 Hwy Hot Springs, NC 28743
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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
    5830 Nc 209 Hwy Hot Springs, NC 28743
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    We can help!
    Listing Contact
    Clarissa Marshall
    Real Estate License ID: 274579
    (828) 774-6343 (888) 584-9431
    Learn more
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