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    40 Eagles Nest Rd Waynesville, NC 28786

    For Sale
    $2,990,000

    High-Demand Storage, Excellent ROI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a thriving commercial storage facility situated on a 1.42-acre corner lot in Waynesville, NC, conveniently located off Highway 23/74. The property currently houses 18 climate-controlled storage units of varying sizes, supported by ample parking with 30 spaces. Boasting a remarkable 99% occupancy rate, this facility demonstrates strong, consistent income generation. Current rental rates are below market value, presenting a significant opportunity for immediate profit enhancement through rental rate adjustments. The property's prime location in a rapidly growing area ensures high demand for storage solutions. Further expansion potential is significant, with room for approximately 50 additional ground-level units and the possibility of vertical expansion to increase capacity even further. Owner financing or long-term lease options may be available. This turnkey operation offers a compelling investment prospect for those seeking a high-return, low-vacancy commercial venture in a thriving market. The property's strong performance and expansion potential make it an ideal acquisition for savvy investors seeking immediate income and long-term growth. The current success of the facility, coupled with the potential for increased revenue and unit expansion, positions this property for continued profitability and significant return on investment.

    Property Features for 40 Eagles Nest Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    61,855 SF

    Building Details

    Year Built
    1992
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.00767
    Latitude
    35.48272

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    FAQs

    What type of property is this?
    Commercial real estate - High-Demand Storage, Excellent ROI
    Where is this commercial real estate located?
    The property is located at 40 Eagles Nest Rd Waynesville, NC.
    What is the asking price?
    The asking price for this property is $2,990,000.
    (828) 452-5809
    Request Owner's contact information
    40 Eagles Nest Rd Waynesville, NC 28786
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    Realmo Value Estimation

    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.

    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.

    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
    40 Eagles Nest Rd Waynesville, NC 28786
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