Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waynesville Business Park Investment Title is generated by Realmo AI

    367 Dellwood Road, Waynesville, NC 28786

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,301,000

    Fully leased business park near downtown Waynesville with strong returns.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 367 Dellwood Road

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Brian K. Noland
    Brian K. Noland

    Listing agent Brian K. Noland License #263678

    Listing office Beverly Hanks & Associates

    Listing date Mar 6, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of Beverly Hanks & Associates

    HighLights

    • 100% Occupancy: Provides immediate and consistent income.
    • Prime Location: Corner lot in Waynesville's thriving business district, a 5‑minute walk to downtown.
    • Meticulously Maintained: Complex has an "A" rating, indicating pristine condition.
    • Recently Updated: Features updated architectural shingles and high‑efficiency Trane HVAC systems.
    • Ample Parking: Includes 75 parking spaces with designated handicap spaces.
    • Resilient Asset: Unaffected by Hurricane Helene in 2024, indicating low‑maintenance.

    Overview

    Located on a prime corner lot in Waynesville’s thriving business district, this business park offers an investment opportunity. The fully leased property boasts 100% occupancy. The meticulously maintained complex features 75 parking spaces, including designated handicap spaces. The exterior showcases a blend of stucco and wood, complemented by updated architectural shingles and high-efficiency Trane HVAC systems, earning an “A” rating for its condition. City utilities, including Spectrum cable, ensure operations for all tenants. The property is located a 5-minute walk to downtown Waynesville, near shops, restaurants, and cultural attractions. This property stands as a resilient and low-maintenance asset in a high-demand location. Ideal for investors seeking a turnkey commercial property with strong returns, this business park combines modern updates, infrastructure, and a location in one of Western North Carolina’s markets. The property was unaffected by Hurricane Helene in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Natural Paths Acupuncture Medical Clinic Hazelwood Healthcare of Waynesville Medical Clinic MATTHEW E HOLMES Physician Dr. Todd McDougall, ... Alternative Medicine Practice Advantage Insurance Solutions Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.9909
    Latitude
    35.4957

    Nearby Similar for Sale

    • $599,000

      Updated Commercial Property, Waynesville, NC

      Updated commercial property with development potential in Waynesville, North Carolina.
      95 Elysinia Avenue, Waynesville, NC 28786
      View Details
    • $585,500
      2,139 SF

      Downtown Waynesville Professional Office Building

      Professional office building in Waynesville's courthouse district.
      89 Walnut Street, Waynesville, NC 28786
      View Details
    • $195,000
      2,554 SF

      Versatile Commercial Building Near Waynesville

      2,554 sq ft building suitable for various business needs.
      29 Asbury Road, Waynesville, NC 28785
      View Details
    • $919,000
      4,400 SF

      Waynesville Commercial Building For Sale

      Prime corner location, updated building, and ample parking.
      595 N Main Street, Waynesville, NC 28786
      View Details
    • $1,750,000

      Historic Waynesville Commercial Property

      Landmark property with multiple income streams and business potential.
      123 S Main Street, Waynesville, NC 28786
      View Details
    • $2,870,000
      4,000 SF

      Waynesville Commercial Property For Sale

      Prime corner location with high occupancy and expansion potential.
      40 Eagles Nest Road, Waynesville, NC 28786
      View Details
    • $725,000

      Historical Arts and Crafts Office

      Historical office building in central business district with parking.
      99 Walnut Street, Waynesville, NC 28786
      View Details
    • $1,990,000
      19,700 SF

      Versatile Creekside Commercial Opportunity

      19,700+ sq ft commercial space on 1.5 acres.
      1940 S Main Street, Waynesville, NC 28786
      View Details
    • $605,000
      1,462 SF

      Updated Commercial Property in Hazelwood

      Move-in-ready commercial property with expansion potential in thriving Hazelwood community.
      95 Elysinia Avenue, Waynesville, NC 28786
      View Details
    • $725,000
      3,284 SF

      Historical Arts and Crafts Office

      Historical office building in central business district with parking.
      99 Walnut Street, Waynesville, NC 28786
      View Details
    • $950,000
      10,248 SF

      Historic Automotive Retail Opportunity

      Historic 9,600+ SF building on 3.99 acres for sale.
      94 Providence Place, Waynesville, NC 28786
      View Details
    • $799,000

      Two Buildings in Waynesville

      Two well-maintained buildings in Waynesville, suitable for various businesses.
      163 + 157 Depot Street, Waynesville, NC 28786
      View Details

    FAQs

    What type of property is this?
    Office building - Fully leased business park near downtown Waynesville with strong returns.
    Where is this office building located?
    The property is located at 367 Dellwood Road Waynesville, NC.
    What is the asking price?
    The asking price for this property is $3,301,000.
    What are key features of this property?
    This property features: 100% Occupancy: Provides immediate and consistent income.; Prime Location: Corner lot in Waynesville's thriving business district, a 5‑minute walk to downtown.; Meticulously Maintained: Complex has an "A" rating, indicating pristine condition.
    (828) 452-5809
    We can help!
    Listing Contact
    Brian K. Noland
    Brian K. Noland
    Real Estate License ID: 263678
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    367 Dellwood Road, Waynesville, NC 28786
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!