Sign Up Successful!
You now have access to more from Realmo!
    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

    unit 27 & 26 Wahwah Way Waynesville, NC 28785

    Sponsored
    For Sale
    $60,000

    LAND - Waynesville, NC

    Lot size:
    2.02 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 7 at 7:06 am

    Property Features for unit 27 & 26 Wahwah Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES
    APN
    8618-45-5268
    Lot size
    2.02 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Wayne Blackburn
    Wayne Blackburn

    Mountain Dreams Realty, Inc. of WNC (828) 926-0400

    Listing agent Wayne Blackburn (828) 400-6860

    Listing date Jan 28, 2026

    MLS# 4114042 Listing URL

    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

    Two Adjoining Lots in Waynesville

    Two adjoining lots, each 1-acre, are located past the crest of Utah Mountain, offering morning sunshine and long-range views with some tree clearing. The property offers the potential to build on one lot and keep the other for wooded privacy, or sell it off. A small stream is located on the property. Electric service is available at roadside, adjacent to the lots. The property is located in Utah Mountain Estates, a well-established subdivision in Jonathan Valley, featuring a variety of mountain-style homes. The total lot size is 2.02 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.986555
    Latitude
    35.567183

    Nearby Similar for Sale

    • $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
      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
    • $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
    • $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

      Charming Waynesville Home on Acreage

      Updated 2-bed home on 2.55 acres near Waynesville.
      400 Will Hyatt Rd, Waynesville, NC 28786
      View Details
    • $600,000
      0.60 Acres

      Highway Frontage Income Property

      Income-producing property with high visibility and growth potential.
      3009 Dellwood Rd, Waynesville, NC 28786
      View Details
    • $239,000
      0.18 Acres

      Versatile Building in Jonathan Creek

      2,554 sq ft building suitable for various business needs.
      29 Asbury Rd, Waynesville, NC 28785
      View Details
    • $294,000
      Pending

      Waynesville Commercial Property For Sale

      Commercial property with high visibility and paved access in Waynesville.
      1478 Dellwood 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
    • $399,000
      0.83 Acres

      Downtown Waynesville Mixed-Use Property

      Mixed-use property in downtown Waynesville, close to Main Street.
      508 Pigeon St, Waynesville, NC 28786
      View Details
    • $1,990,000
      19,840 SF

      Waynesville Creekside Commercial Opportunity

      19,700+ sq ft commercial space on 1.5 creekside acres.
      1940 S Main St, Waynesville, NC 28786
      View Details
    • $3,301,000
      16,036 SF

      Waynesville Business Park Investment Opportunity

      Fully leased business park near downtown Waynesville with strong returns.
      367 Dellwood Rd, Waynesville, NC 28786
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining lots totaling 2.02 acres in Utah Mountain Estates.
    Where is this residential land & home lot located?
    The property is located at unit 27 & 26 Wahwah Way Waynesville, NC.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Two adjoining 1-acre lots offer flexibility to build, keep for privacy, or sell separately.; - Located in the well-established Utah Mountain Estates subdivision.; - Enjoy morning sunshine and long-range views (with some tree clearing).
    (828) 400-6860
    Request Owner's contact information
    unit 27 & 26 Wahwah Way 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.
    unit 27 & 26 Wahwah Way
    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
    unit 27 & 26 Wahwah Way 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
    Wayne Blackburn
    Wayne Blackburn
    Real Estate License ID: 4193844
    (828) 400-6860
    Learn more
    Google sign-in failed. Please try again or use another login method.