Metal Flex Building on
For Sale
Under Contract
$279,000
50 Firefly Springs Lane, Candler, NC 28715
COMMERCIAL - Candler, NC
Property Size2,475 SF
Lot Size5.40 Acres
Price / SF$112.73
Days on Market387
Property Features for 50 Firefly Springs Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OU
Zoning description
OU
Parking
10
Lot features
Private, Wooded, Views
Directions
Take 151 toward Blue Ridge Parkway, when speed limit drops to 35 you pass campground and go across bridge. After bridge bear right in the curve on Chestnut Creek Rd. Continue up paved road which turns to gravel. Firefly Springs lane will turn right. Continue up hill to gate. Take first left after going thru gate. Code is available from showing service.
Standard status
Active Under Contract
APN
8684-30-8102-00000
Lot size
5.40 Acres
Taxes and HOA fees
Tax Description
DEED DATE: 10/31/2003 DEED: 3447-0820 SUBDIV: BLOCK: LOT: SECTION: PLAT: 0000-0000
Legal Description
DEED DATE: 10/31/2003 DEED: 3447-0820 SUBDIV: BLOCK: LOT: SECTION: PLAT: 0000-0000
Utilities
Sewer type
Septic Needed
Water source
Well Needed, Spring
Building Details
Year built
2000
Floors in Building
2
Flooring type
Concrete
Building materials
Aluminum
Roof type
Metal
Additional Structures
Packing Shed
Listing Agency:
Mark White And Associates
(828) 693-3962
Listed By:
Doug King · License #259200
(828) 691-3503
Added: Jul 31, 2025
Changed: Aug 4
Last Checked: Aug 21 at 6:06AM
MLS# 4287462
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale is a 5.4-acre portion of a larger parcel, offered with a metal building measuring 30x60. The building includes a roll-up door and barn-style doors opening to 9.5-foot high clearance, with wall insulation plus a floored loft area adding approximately 675 square feet. A bathroom is already in place, along with electrical service that includes higher-amp plugs and lighting. Additional improvements include a 23x30 covered area and ample parking.
The property is located about 1.5 miles from the New NC State Park in Candler, and it borders property associated with Pisgah National Forest lands. The seller notes that access is via a private road that is narrow and may be difficult for larger delivery vehicles.
Zoning is listed as Open Use (OU). The property currently has spring water and no septic system, and several areas are described as suitable for a future home site, with the existing building able to accommodate equipment and vehicles.
The property is located about 1.5 miles from the New NC State Park in Candler, and it borders property associated with Pisgah National Forest lands. The seller notes that access is via a private road that is narrow and may be difficult for larger delivery vehicles.
Zoning is listed as Open Use (OU). The property currently has spring water and no septic system, and several areas are described as suitable for a future home site, with the existing building able to accommodate equipment and vehicles.
Key Highlights
- 5. 4 acre parcel bordering property that borders Pisgah National Forest lands.
- Located just 1.5 miles from the New NC State Park and the Blue Ridge Parkway.
- 30x60 metal building** with wall insulation, electrical service, bathroom, and a 675 sf floored loft.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,943
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,860
$418.9K
Cap Rate 7%
$299,186
$299.2K
Cap Rate 9%
$232,700
$232.7K
Market Conditions
NOI Build-Up for 2,475 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.2K $10.20/SF
− Vacancy
−$606 −$0.24/SF
EGI
$24.6K $9.96/SF
− OpEx
−$3.7K −$1.49/SF
NOI
$20.9K $8.46/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,860
Cap Rate 7%
$299,186
Cap Rate 9%
$232,700
Alternative Uses
Best Use
Warehouse
$299.2K
$261.8K – $349.1K
NOI $20,943 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$246.4K
$215.6K – $287.5K
NOI $17,247 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$782.6K
$684.8K – $913.1K
NOI $54,784 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28715, NC
27,810
Population
12,519
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
78.1 sq mi
ZIP Area
356
Density / Sq Mi
$70,950
Median Household Income
$38,620
Median Earnings
$1,208
Median Rent
$291,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 5.4-acre parcel includes an insulated 30x60 metal building with roll-up door, bathroom, and covered area.
Where is this flex space located?
The property is located at 50 Firefly Springs Lane Candler, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 5. 4 acre parcel bordering property that borders Pisgah National Forest lands.; Located just 1.5 miles from the New NC State Park and the Blue Ridge Parkway.; 30x60 metal building** with wall insulation, electrical service, bathroom, and a 675 sf floored loft.
