Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    820 Chestnut Flats Ln, Unit 4 Waynesville, NC 28786

    View on Map
    Sponsored
    For Sale
    $75,000

    LAND - Waynesville, NC

    Lot size:
    3.94 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 23 at 3:06 pm

    Property Features for 820 Chestnut Flats Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7695-44-6606
    Lot size
    3.94 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Jaci Reynolds
    Jaci Reynolds

    Select Real Estate Group,Inc

    Listing agent Jaci Reynolds

    Listing date Mar 20, 2026

    MLS# 4360087

    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

    Waynesville Homesite in Gated Community

    Located within the gated community of The Villages of Plott Creek, this approximately 4-acre homesite offers a blend of privacy and convenience, situated about 10 minutes from downtown Waynesville and approximately 35 minutes from Asheville. The property has the potential for long-range mountain views with selective tree clearing. The setting includes custom homes, streams, and paved roads. Chestnut Flats Lane borders both the lower and upper portions of the property, providing over 500 feet of paved frontage along the upper boundary, suitable for a gently sloped driveway, garage, and a prime homesite with valley and mountain vistas. Underground power is available at the road. Community guidelines require a minimum 1,500 sq ft build, making this an excellent opportunity for a full-time residence or mountain retreat. The HOA dues are $990 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.04988312
    Latitude
    35.48102843

    Nearby Similar for Sale

    • New
      $425,000
      0.60 Acres

      Charming Waynesville Property on Main

      High-visibility property suitable for office, retail, or service-based business.
      1159 N Main St, Waynesville, NC 28786
      View Details
    • $599,000
      1,462 SF

      Updated Commercial Property, Waynesville, NC

      Updated commercial property with development potential in Waynesville, North Carolina.
      95 Elysinia Ave, Waynesville, NC 28786
      View Details
    • $195,000
      2,554 SF

      Versatile Commercial Building Near Waynesville

      2,554 sq ft building suitable for various business needs.
      29 Asbury Rd, Waynesville, NC 28785
      View Details
    • $3,800,000
      12,852 SF

      Versatile Commercial Property on 5 Acres

      Multi-building commercial property with highway access and expansion potential.
      224 Barber Hill Dr, Waynesville, NC 28786
      View Details
    • $350,000
      0.76 Acres

      Hazelwood Business District Commercial Property

      Commercial property in Hazelwood Business District with frontage on Richland Creek.
      1521 Sulphur Springs Rd, Waynesville, NC 28786
      View Details
    • $1,950,000
      1.38 Acres

      Historic Mixed-Use Property, Waynesville, NC

      Historic property with multiple buildings, currently leased to businesses.
      123 S Main St, Waynesville, NC 28786
      View Details
    • $350,000
      3,144 SF

      Hazelwood Business District Commercial Property

      Commercial property in Hazelwood Business District with frontage on Richland Creek.
      1521 Sulphur Springs Rd, Waynesville, NC 28786
      View Details
    • $399,500
      1,736 SF

      Farm House Near Waynesville, NC

      2-bedroom home on 2.55 acres near Waynesville.
      400 Will Hyatt Rd, Waynesville, NC 28786
      View Details
    • $95,000
      0.06 Acres

      Waterfront Lot with 5th Wheel

      Tranquil lot with pond frontage and included 5th wheel.
      217 Mallard Loop, Waynesville, NC 28786
      View Details
    • $799,000

      Two Buildings in Waynesville

      Two well-maintained buildings in Waynesville, suitable for various businesses.
      163 Depot St, Waynesville, NC 28786
      View Details
    • $949,000

      Waynesville Commercial Building For Sale

      Prime corner location, updated building, and ample parking.
      595 N Main St, Waynesville, NC 28786
      View Details
    • $725,000

      Historical Arts and Crafts Office

      Historical office building in central business district with parking.
      99 Walnut St, Waynesville, NC 28786
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4-acre homesite with mountain views, close to downtown Waynesville.
    Where is this residential land & home lot located?
    The property is located at 820 Chestnut Flats Ln, Unit 4 Waynesville, NC.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Priced below tax value in The Villages of Plott Creek, a desirable gated community.; - Potential for long-range mountain views with selective tree clearing.; - ~4-acre homesite offering privacy and convenience.
    (828) 550-3777
    Request Owner's contact information
    820 Chestnut Flats Ln, Unit 4 Waynesville, NC 28786
    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.
    820 Chestnut Flats Ln, Unit 4
    Waynesville, NC 28786
    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
    820 Chestnut Flats Ln, Unit 4 Waynesville, NC 28786
    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

    We can help!
    Listing Contact
    Jaci Reynolds
    Jaci Reynolds
    Real Estate License ID: 285440
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!