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    The Largest CRE Database in the US with Over 1 Million Listings

    6226 Us Hwy 74 W Whittier, NC 28789

    View on Map
    For Sale
    $425,000

    COMMERCIAL - Whittier, NC

    Property size:
    2,200 SF
    Lot size:
    6.53 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 6 at 9:06 pm

    Property Features for 6226 Us Hwy 74 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    7622282995
    Size
    2,200 SF
    Lot size
    6.53 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1186

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Creek

    Building Details

    Year built
    1986
    Floors in Building
    2
    Building materials
    Stone, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Christy Mitchell
    Christy Mitchell

    Listing agent Christy Mitchell License #308232

    Listing office Berkshire Hathaway Homeservices-Great Smokys 629 W Main Street, Sylva, NC

    Listing date Aug 15, 2025

    MLS# 26040973

    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

    Whittier Multi-Use Development Opportunity

    This 6.53-acre property in Whittier, NC, presents a development opportunity with direct access to Hwy 74 and views of the Tuckasegee River. A bold creek borders the property. The site features a partially renovated 3-story home, taken down to the studs, with a full bath on each floor, suitable for a live/work space or conversion into apartments. The lower level includes a stone fireplace with a wood stove. The second floor incorporates the kitchen, dining, and living areas with a stone fireplace. The top floor previously contained two bedrooms and a full bath. Additionally, there is a 2-story barn dating back to the 1930s with 4 stalls, potentially usable as an equestrian center, wedding venue, or event space. Most of the land is cleared and usable, and the property includes 2 wells. The property offers room to build cabins or expand. The home, with a size of 2200 square feet, is being sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Auto Parts Store Electrical Service Furniture & Home Goods Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.356231
    Latitude
    35.433816

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    FAQs

    What type of property is this?
    Live-work space - 6.53-acre property ideal for commercial or multi-use development.
    Where is this live-work space located?
    The property is located at 6226 Us Hwy 74 W Whittier, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 6.53‑acre property with direct Hwy 74 access and high visibility, ideal for commercial or multi‑use development.; Massive 2‑story 1930s barn with 4 stalls, suitable for an equestrian center, wedding venue, or event space.; 3‑story home (taken to the studs) with a full bath on each floor, perfect for a live/work space or apartment conversion.
    (843) 409-1006
    We can help!
    Listing Contact
    Christy Mitchell
    Christy Mitchell
    Real Estate License ID: 308232
    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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