Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Cabin Business Opportunity Title is generated by Realmo AI

    5830 NC 209 Highway, Hot Springs, NC 28743

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    MULTI_FAMILY - Other - Hot Springs, NC

    Lot size:
    11.44 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    65
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 5830 NC 209 Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 4, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Pets allowed
    Yes
    Exterior features
    Hot Tub
    Fireplace
    1
    Appliances
    Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
    Standard status
    Active
    APN
    8758-73-9590
    Lot size
    11.44 Acres

    Taxes and HOA fees

    Tax Description
    5 cabins on 11.44 MOL acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Wood
    Building materials
    Wood
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Clarissa Marshall

    Listing agent Clarissa Marshall License #274579

    Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC

    Listing date Mar 14, 2026

    MLS# 4356324 Listing URL

    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.

    HighLights

    • Established, turnkey nightly rental business with high occupancy rate (85% projected for 2025) and documented bookings for over 20 years.
    • Five meticulously‑maintained log cabins on 11.44 acres, each with a private covered deck and hot tub offering mountain views.
    • Strong direct booking rate (80%+) minimizing reliance on third‑party platforms.
    • Existing, experienced local staff willing to stay on with the new owner.
    • Each cabin includes a fireplace, gas grill, one bedroom, one bath, and access to high‑speed internet and TV/streaming.
    • Located near popular destinations (Asheville, Mars Hill, etc.) and outdoor recreation areas (Pisgah National Forest, Appalachian Trail).

    Overview

    Located in the mountains of Madison County, this property features meticulously maintained cabins, a short drive from Marshall, Mars Hill, Asheville, Weaverville, and Tennessee. This established nightly rental business has an occupancy of over 85% for 2025, with 80%+ of bookings made directly. The property includes five log cabins on 11.44 acres. Each cabin has one bedroom, one bath, a fireplace, and a gas grill. Guests can enjoy mountain views from a private covered deck with a hot tub. Commercial washer and dryers are housed in a utility building added in 2025. High-speed internet and TV/streaming are available for guests. The property is near Pisgah National Forest and the Appalachian Trail. Each cabin has its own septic system. The website and all future bookings convey with the sale. A survey was obtained in 2020. The existing local staff is long-tenured and wishes to stay on with a new buyer. The property has very low property taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Hotel & Motel Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Madison
    State
    North Carolina
    Longitude
    -82.852951
    Latitude
    35.841833

    Nearby Similar for Sale

    • $299,000

      Renovated Commercial Property in Hot Springs

      Turnkey commercial property in a high-traffic tourist destination.
      24 Andrews Avenue S, Hot Springs, NC 28743
      View Details
    • $325,000
      1,108 SF

      Renovated Commercial Building in Hot Springs

      Fully renovated commercial building in the heart of Hot Springs.
      24 Andrews Avenue S #3, Hot Springs, NC 28743
      View Details
    • $1,190,000

      Versatile Homestead in Hot Springs

      184-acre homestead with two houses, greenhouse, and commercial building.
      8020 Meadow Fork Road, Hot Springs, NC 28743
      View Details
    • $164,500

      Corner Lot with Stone Building

      Half-acre lot with a 1950s stone building and residence.
      41 Upper Shut In Road, Hot Springs, NC 27843
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Established short-term rental business with high occupancy and mountain views.
    Where is this short term rental property located?
    The property is located at 5830 NC 209 Highway Hot Springs, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Established, turnkey nightly rental business with high occupancy rate (85% projected for 2025) and documented bookings for over 20 years.; Five meticulously‑maintained log cabins on 11.44 acres, each with a **private covered deck and hot tub offering mountain views.**; Strong direct booking rate (80%+) minimizing reliance on third‑party platforms.
    (828) 774-6343
    We can help!
    Listing Contact
    Clarissa Marshall
    Real Estate License ID: 274579
    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
    5830 NC 209 Highway, Hot Springs, NC 28743
    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!