Your AI Navigator in Commercial Real Estate
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

    1361 Soco Rd Maggie Valley, NC 28751

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $580,000

    Commercial building and cabin on high-traffic Soco Road.

    Property Features for 1361 Soco Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Brian K. Noland
    Source: Corcoran

    Listing Agent: Brian K. Noland

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

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building and Cabin

    This property features a versatile 864 sq. ft. commercial building and a 1,166 sq. ft. cabin with 3 bedrooms and 1 bath. Located on high-traffic Soco Road in Maggie Valley, NC, the commercial property offers over 250 ft. of road frontage. The commercial building is suitable for retail or office use, featuring an open sales area, a full bath with laundry, and intact kitchen plumbing. This allows for flexible live-work or mixed-use setups. Additional features include a pond and an outbuilding. The cabin includes a wood-burning stove and a 300 sq. ft. outbuilding. The cabin's exterior was treated in 2022. This property offers high visibility and growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Realty agency Spa & Massage Clothing Store Gym & Fitness Hotel & Motel Department Store HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Maggie Valley
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.0513468
    Latitude
    35.5175952

    Nearby Similar for Sale

    • $500,000
      0.20 Acres

      Creekside Duplex with Income Potential

      Duplex in Maggie Valley with income and growth potential.
      61 Riverside Villa Dr, Maggie Valley, NC 28751
      View Details
    • $2,300,000
      2.01 Acres

      Maggie Valley Shopping Center Opportunity

      Shopping center with income potential in Maggie Valley, North Carolina.
      2757 Soco Rd, Maggie Valley, NC 28751
      View Details
    • $995,000
      4,340 SF

      Maggie Valley Restaurant Opportunity

      Commercial restaurant opportunity with strong financial performance and mountain views.
      4352 Soco Rd, Maggie Valley, NC 28751
      View Details
    • $229,900

      Maggie Valley Mobile Home with Yard

      3-bedroom, 2-bath mobile home with spacious yard in Maggie Valley.
      3800 Soco Rd, Maggie Valley, NC 28751
      View Details
    • $860,000
      6,581 SF

      Blue Ridge Mountain Motel Opportunity

      15-unit motel in the Blue Ridge and Great Smoky Mountains.
      11242 Us 19 Hwy, Maggie Valley, NC 28751
      View Details
    • $315,000

      Versatile Commercial Building on Soco Road

      864 SF commercial building on high-traffic Soco Road.
      1369 Soco Rd, Maggie Valley, NC 28751
      View Details
    • $369,000
      1,496 SF

      Maggie Valley End Unit Townhouse

      Well-maintained 3BR townhouse in Maggie Valley, close to amenities.
      37 George Cir, Maggie Valley, NC 28751
      View Details
    • $1,100,000
      4,340 SF

      Maggie Valley Restaurant - $1.1M

      Turnkey Restaurant, Mountain Views, High Traffic
      4352 Soco Rd, Maggie Valley, NC 28751
      View Details

    FAQs

    What type of property is this?
    Live-work space - Commercial building and cabin on high-traffic Soco Road.
    Where is this live-work space located?
    The property is located at 1361 Soco Rd Maggie Valley, NC.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - High-traffic location on Soco Road with **250+ ft of road frontage**, ideal for commercial visibility.; - Versatile commercial building (864 sq. ft.) suitable for retail, office, or live-work use with existing plumbing.; - Charming 3-bedroom cabin (1,166 sq. ft.) with a wood-burning stove.
    (828) 734-5201
    Request Owner's contact information
    1361 Soco Rd Maggie Valley, NC 28751
    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.
    1361 Soco Rd
    Maggie Valley, NC 28751
    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
    1361 Soco Rd Maggie Valley, NC 28751
    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
    Brian K. Noland
    Real Estate License ID: 263678
    (828) 734-5201
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.