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    Versatile Commercial Property on Skyland Drive Title is generated by Realmo AI

    286 Skyland Drive, Sylva, NC 28779

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    For Sale
    $390,000

    COMMERCIAL - Sylva, NC

    Property size:
    1,020 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $382/SF
    Added:
    Feb 13, 2026
    Days on Market:
    90
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 286 Skyland Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Off Street, Driveway
    Standard status
    Active
    APN
    7642404413
    Size
    1,020 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1261

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas
    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    April Monday
    April Monday

    Listing agent April Monday License #295690

    Listing office NC MOUNTAIN REAL ESTATE 1609 E Main Street, Sylva, NC

    Listing date Feb 13, 2026

    MLS# 26035884

    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

    • Prime location on Skyland Drive, ideal for businesses transitioning from Highway 107 in Sylva's growing commercial hub.
    • B2 General Business zoning offers immense versatility for various business uses (offices, medical, retail).
    • Move‑in ready building, currently configured as a daycare, featuring a reception area, offices, break room, and bathrooms.
    • Almost half‑acre flat lot provides ample parking and expansion potential.
    • Convenient utilities: TWSA public water and sewer connections.
    • Natural gas heating and cooling system for efficiency.

    Overview

    This commercial property is located on Skyland Drive and is zoned B2 General Business, offering versatility for a variety of uses. Currently configured as a daycare, the 1,020 square foot building is suitable for immediate operation or conversion to professional offices, a medical practice, or retail. The move-in ready building features a reception area, 3 to 4 private offices, a break room, and two half-baths. It includes hardwood floors and a natural gas heating and cooling system. The property connects to TWSA public water and sewer. Situated on a 0.48-acre flat lot, there is room for parking or potential expansion. The property is located in Sylva, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kidz Playhouse Daycare Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Pams Child Development Center — 5 Mitchell Rd, Sylva, NC 28779
    • Kidz Playhouse — 286 Skyland Dr, Sylva, NC 28779

    Location Insight

    • Map
    • Local Demand
    City
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.2137692
    Latitude
    35.3814893

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    FAQs

    What type of property is this?
    Day care center - Move-in ready building suitable for retail, office, or daycare.
    Where is this day care center located?
    The property is located at 286 Skyland Drive Sylva, NC.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Prime location on Skyland Drive, ideal for businesses transitioning from Highway 107 in Sylva's growing commercial hub.; B2 General Business zoning offers immense versatility for various business uses (offices, medical, retail).; Move‑in ready building, currently configured as a daycare, featuring a reception area, offices, break room, and bathrooms.
    (828) 342-1721
    We can help!
    Listing Contact
    April Monday
    April Monday
    Real Estate License ID: 295690
    Learn More
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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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