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    Property profile & analytics

    1010 Highway 107 Cashiers, NC 28717

    • Retail properties
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1372119
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 1010 Highway 107

    Year built
    1998
    Lot size
    0.92 lot acres
    Property type
    Retail properties

    Description

    This versatile 0.92-acre commercial property, located at 1010 Highway 107 N in Cashiers, NC, presents a unique opportunity. Currently configured as a remodeled three-bedroom, two-bathroom home, it's zoned Community Commercial General, offering flexibility for a variety of uses. The property boasts a desirable location just three minutes from downtown Cashiers, ensuring high visibility and accessibility. The building features a newly installed roof, fresh interior paint, and new wood floors ready for finishing. Inside, you'll find a cozy den with a rock wood-burning fireplace, a spacious living room ideal for entertaining or family use, and a well-equipped kitchen complete with an island, ample cabinetry, and a dining area. The master bathroom is a highlight, showcasing a stunning hand-laid rock shower, a large soaking tub, and an oversized walk-in closet. Exterior features include a lovely covered side porch and a spacious open front porch, perfect for enjoying the mountain views. The property also offers a backyard area suitable for a small garden and ample parking. The high traffic volume on Highway 107N ensures excellent exposure for any commercial venture. This property is ready for its next chapter, whether as a showroom, office space, or a unique blend of commercial and residential use. The abundant spring water adds another attractive feature. Don't miss this chance to own a piece of Cashiers' vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cashiers
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.11145
    Latitude
    35.1227

    Comparable in this City

    • $230,000

      Established Boutique in Cashiers, NC

      Turnkey business opportunity with established community presence and growth potential.
      252 S Nc-107, Cashiers, NC 28717
      View Details
    • $605,000
      5.00 Acres

      Cashiers, NC Mountain View Land

      5-acre parcel with mountain views and golf membership included.
      Glencove Dr, Cashiers, NC 28717
      View Details
    • $195,000
      1.45 Acres

      Wooded Lot in Lancewood

      1.45-acre wooded lot near downtown Cashiers, North Carolina.
      Blindside Ln, Cashiers, NC 28717
      View Details
    • $120,000
      Pending

      Cashiers Mountain Lot Ready to Build

      A near-level acre in Cashiers with permits in place.
      194 Tarragon Dr, Cashiers, NC 28717
      View Details
    • $750,000
      1.82 Acres

      Silver Run Reserve Land

      Land in a private mountain community with various amenities.
      RT-8 Broadwing, Cashiers, NC 28717
      View Details
    • New
      $215,000
      2.53 Acres

      Serene Lot Near Nantahala Forest

      South-facing lot with forest access, ready for dream mountain home.
      Bear Log Rd, Cashiers, NC 28717
      View Details

    Similar Nearby for Sale

    • $230,000

      Established Boutique in Cashiers, NC

      Turnkey business opportunity with established community presence and growth potential.
      252 S Nc-107, Cashiers, NC 28717
      View Details
    • $605,000
      5.00 Acres

      Cashiers, NC Mountain View Land

      5-acre parcel with mountain views and golf membership included.
      Glencove Dr, Cashiers, NC 28717
      View Details
    • $195,000
      1.45 Acres

      Wooded Lot in Lancewood

      1.45-acre wooded lot near downtown Cashiers, North Carolina.
      Blindside Ln, Cashiers, NC 28717
      View Details
    • $120,000
      Pending

      Cashiers Mountain Lot Ready to Build

      A near-level acre in Cashiers with permits in place.
      194 Tarragon Dr, Cashiers, NC 28717
      View Details
    • $750,000
      1.82 Acres

      Silver Run Reserve Land

      Land in a private mountain community with various amenities.
      RT-8 Broadwing, Cashiers, NC 28717
      View Details
    • New
      $215,000
      2.53 Acres

      Serene Lot Near Nantahala Forest

      South-facing lot with forest access, ready for dream mountain home.
      Bear Log Rd, Cashiers, NC 28717
      View Details
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    1010 Highway 107
    Cashiers, NC 28717
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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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