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

    450 Rosman Hwy Brevard, NC 28712

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $465,000

    5.5 Acres, US Hwy 64 Frontage, Development Potential

    Property Features for 450 Rosman Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    239,580 SF

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Billy Joe Mccoy
    Billy Joe Mccoy

    Listing Agency: RE/MAX Land of the Waterfalls Listing Agent: Billy Joe Mccoy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 5.5-acre commercial property presents a unique investment opportunity in Brevard, NC. Strategically located approximately one mile from Brevard's Main Street on US Highway 64, this parcel boasts high visibility and accessibility. The property comprises two parcels: a 1.39-acre lot with 115 feet of frontage on the four-lane highway, zoned Neighborhood Mixed Use
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Hotel & Motel Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Brevard
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.74396
    Latitude
    35.22233

    Nearby Similar for Sale

    • New
      $575,000
      0.04 Acres

      Downtown Commercial Real Estate Opportunity

      Premium downtown commercial property with existing business and high foot traffic.
      12 E Main St E, Brevard, NC 28712
      View Details
    • $995,000
      0.05 Acres

      Landmark Office Building in Brevard

      Two-unit office building with passive income potential near downtown Brevard.
      5 Park Pl E, Brevard, NC 28712
      View Details
    • $530,000
      883 SF

      Brevard Multifamily Property with Income Potential

      Three-bedroom home plus two apartments on a large city lot.
      565 Neely Rd, Brevard, NC 28712
      View Details
    • $1,500,000
      0.19 Acres

      Mixed-Use Building in Brevard, NC

      Mixed-use building in the heart of Brevard, North Carolina.
      84 E Main St, Brevard, NC 28712
      View Details
    • $333,000
      1,749 SF

      Brevard Office/Medical Space For Sale

      1,749 SF office or medical space near downtown Brevard.
      15 Rosman Hwy, Brevard, NC 28712
      View Details
    • $69,000
      0.20 Acres

      Commercial Lot in Upscale Community

      Corner lot in Brevard's upscale commercial and residential community.
      42 Park Pl, Brevard, NC 28712
      View Details
    • $779,000
      2,575 SF

      Retail Property Near Downtown Brevard

      2500+ sq ft retail building with 10 parking spaces.
      287 N Caldwell St, Brevard, NC 28712
      View Details
    • $1,250,000

      Retail Building in Brevard, NC

      7,050 SF retail building on 0.569 AC for sale.
      101 Old Hendersonville Hwy, Brevard, NC 28712
      View Details
    • $1,500,000
      7,402 SF

      Downtown Brevard Retail Gem

      Prime location, versatile space, high return.
      15 Main St, Brevard, NC 28712
      View Details
    • $1,500,000
      7,417 SF

      Downtown Brevard Retail Gem

      Prime Main Street storefront, two buildings
      15 Main St, Brevard, NC 28712
      View Details
    • $369,000
      0.20 Acres

      Downtown Brevard Build-to-Suit Lot

      Prime Commercial Lot, Downtown Brevard
      46 Main St, Brevard, NC 28712
      View Details
    • $599,000
      1,795 SF

      Prime Brevard Commercial Building

      High-traffic location, updated interior, versatile space.
      15 Rosman Hwy, Brevard, NC 28712
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 5.5 Acres, US Hwy 64 Frontage, Development Potential
    Where is this commercial real estate located?
    The property is located at 450 Rosman Hwy Brevard, NC.
    What is the asking price?
    The asking price for this property is $465,000.
    (828) 884-7653
    Request Owner's contact information
    450 Rosman Hwy Brevard, NC 28712
    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.
    450 Rosman Hwy
    Brevard, NC 28712
    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
    450 Rosman Hwy Brevard, NC 28712
    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
    Billy Joe Mccoy
    Billy Joe Mccoy
    Real Estate License ID: 262548
    (828) 884-7653 (828) 553-2325
    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!