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

    Locust Trl Waynesville, NC 28785

    Sponsored
    For Sale
    Pending
    $50,000

    Residential - Waynesville, NC

    Type:Single Family Residence
    Lot size:
    18.14 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 3 at 3:06 am

    Property Features for Locust Trl

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    APN
    see attached Exhibit A
    Exterior features
    None
    Lot size
    18.14 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ty Boyd (MLS Only)

    Beverly Hanks & Associates (828) 452-5809

    Listing agent Billie Green (MLS Only) (828) 452-5809

    Listing date Feb 18, 2026

    MLS# 26045289 Listing URL

    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.

    Learn more

    Overview

    Waynesville Residential Land Opportunity

    This 18.14-acre property in Waynesville, NC, presents an opportunity for development or a private retreat. The land is divided into 20 lots, accessible via existing gravel roads, offering flexibility for multiple homesites. Due to slope, some lots may need to be combined. The property includes several potential building sites. Each lot will require well and septic installation, as no evaluations have been completed. This property presents potential at an attractive price in a sought-after location.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.0002
    Latitude
    35.5777

    Nearby Similar for Sale

    • New
      $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
    • $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
    • $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
    • $2,200,000
      1.38 Acres

      Historic Waynesville Commercial Property

      Landmark property with multiple buildings, suitable for various businesses.
      123 S Main St, 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
    • $2,200,000
      0.81 Acres

      Waynesville Mixed-Use Investment Opportunity

      Retail and residential income property in high-growth Waynesville area.
      62 Overbrook Dr, Waynesville, NC 28786
      View Details
    • New
      $40,000
      1.86 Acres

      Waynesville Residential Property For Sale

      Residential property in Waynesville, NC, offering privacy and convenience.
      #6 #7 Viewpoint Mtn, Waynesville, NC 28786
      View Details
    • $492,500
      2,310 SF

      Renovated Victorian Commercial Building

      Stunning renovated Victorian building suitable for various commercial uses.
      145 Shackford St, Waynesville, NC 28786
      View Details
    • $725,000
      3,284 SF

      Historical Arts and Crafts Office

      Historical office building in central business district with parking.
      99 Walnut St, Waynesville, NC 28786
      View Details
    • $950,000
      10,248 SF

      Historic Automotive Retail Opportunity

      Historic 9,600+ SF building on 3.99 acres for sale.
      94 Providence Pl, Waynesville, NC 28786
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 18-acre property with development potential in Waynesville, North Carolina.
    Where is this residential land & home lot located?
    The property is located at Locust Trl Waynesville, NC.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Expansive 18-acre property; - Divided into 20 lots with existing gravel road access; - Offers flexibility for multiple homesites
    (828) 736-5592
    Request Owner's contact information
    Locust Trl Waynesville, NC 28785
    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.
    Locust Trl
    Waynesville, NC 28785
    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
    Locust Trl Waynesville, NC 28785
    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
    Ty Boyd (MLS Only)
    Real Estate License ID: #298871
    (828) 736-5592 (828) 452-5809
    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!