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    Live-Work Property with RV Garage Title is generated by Realmo AI

    25 Lester Lane, Waynesville, NC 28785

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    For Sale
    $335,000

    COMMERCIAL - Waynesville, NC

    Property size:
    1,607 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $208/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 25 Lester Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    8608578958
    Size
    1,607 SF
    Lot size
    0.44 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1079

    Utilities

    Utilities
    Water Available
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump, Central Air, Electric

    Building Details

    Year built
    2002
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ty Boyd (MLS Only)

    Listing agent Ty Boyd (MLS Only) License #298871

    Listing office Howard Hanna - Beverly Hanks Realtors 74 N Main Street, Waynesville, NC

    Listing date Jun 2, 2026

    MLS# 26047431

    Copyright © 2026 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2002 manufactured doublewide with comfortable main‑level living and a level, usable yard
    • Approx. 1,500 sq ft garage setup with both a car garage and an RV garage
    • Additional approx. 300 sq ft loft above the garage for storage, office, or hobby space
    • Covered front porch plus easy paved access
    • Separate outbuilding provides additional storage or workspace
    • Water available; HVAC includes heat pump and central air; roof is shingle (flooring: vinyl and carpet)

    Overview

    This rare live-work-style property combines a comfortable main-level residence with substantial storage and workspace. The home is a well-maintained doublewide with a level, usable yard and a covered front porch, supported by easy paved access. The standout improvement is an approximately 1,500 sq ft garage setup that includes both a car garage and an RV garage, along with an additional approximately 300 sq ft loft that can support storage, office use, or hobby space. A separate outbuilding further expands day-to-day utility, making the property well suited for owners who need both living space and room for vehicles, equipment, or projects.

    Located in Waynesville, NC in Haywood County, the property offers convenient access and flexible functionality. Its configuration is designed to support a range of residential and resi-commercial possibilities, subject to zoning and approvals.

    The layout will appeal to buyers looking for a primary home with space for a home-based business, workshop, or vehicle/RV storage. It may also fit investors or owner-operators who want on-site utility and adaptable indoor/outdoor space. Please note the manufactured home is not on a permanent foundation; buyers should confirm suitability for intended use during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.0169222
    Latitude
    35.5738263

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    FAQs

    What type of property is this?
    Live-work space - Manufactured doublewide home paired with a large car-and-RV garage, outbuilding, and usable yard for flexible live-work use.
    Where is this live-work space located?
    The property is located at 25 Lester Lane Waynesville, NC.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: 2002 manufactured doublewide with comfortable main‑level living and a level, usable yard; Approx. 1,500 sq ft garage setup with both a car garage and an RV garage; Additional approx. 300 sq ft loft above the garage for storage, office, or hobby space
    (828) 736-5592
    We can help!
    Listing Contact
    Ty Boyd (MLS Only)
    Real Estate License ID: 298871
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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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