Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    716 N Jefferson Avenue West Jefferson, NC 28694

    View on Map
    Claim this Listing
    For Sale
    $299,000

    COMMERCIAL - West Jefferson, NC

    Lot size:
    0.06 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    9
    Last Refresh:
    May 1 at 3:06 pm

    Property Features for 716 N Jefferson Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.06 Acres

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Andrea B Reeves

    Listing agent Andrea B Reeves

    Listing office Regency Properties 204 E Main St., West Jefferson, NC

    Listing date Apr 23, 2026

    MLS# 261437

    Copyright © 2026 High Country 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.

    Overview

    Remodeled Commercial Building Near Downtown

    This newly remodeled commercial building is located a short walk from downtown West Jefferson. The property features a flexible layout suitable for various uses, including offices, retail shops, hair salons, or storage space on the main level. The upstairs area presents possibilities for short-term or long-term rental use, such as Airbnb, with zoning and approvals already possible. A new HVAC system is being installed within the next three weeks, ensuring comfort and efficiency. The property offers mountain and town views and is within walking distance of downtown parks, restaurants, art galleries, breweries, and boutique shopping. This property is located in Ashe County and sits on a lot of approximately 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jefferson
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.4953062
    Latitude
    36.4089553

    Nearby Similar for Sale

    • $379,900

      Versatile Commercial Property with Income

      Mixed-use property featuring commercial space and a leased apartment.
      123 Buck Mountain Circle, West Jefferson, NC 28694
      View Details
    • $1,250,000
      4,500 SF

      West Jefferson Commercial Farmhouse Opportunity

      Unique 1924 farmhouse, renovated for retail, spa, or office.
      424 E Second Street, West Jefferson, NC 28694
      View Details
    • $180,000

      Creekside Living in West Jefferson

      Furnished 1-bedroom RV with creek views and modern comforts.
      177 Finch Way, West Jefferson, NC 28694
      View Details
    • $160,000

      West Jefferson RV Creek-Side Living

      Furnished 1-bedroom RV with creek access in West Jefferson.
      195 Finch Way, West Jefferson, NC 28694
      View Details
    • $1,100,000

      Prime Commercial Building, West Jefferson

      High-visibility commercial building with multiple-use applications in growing Ashe County.
      926 Business Hwy 221, West Jefferson, NC 28694
      View Details
    • $898,000

      Mixed-Use Property with Rental Income

      Mixed-use property featuring retail space and two apartments.
      210 S Jefferson Avenue, West Jefferson, NC 28694
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Newly remodeled commercial building with flexible layout near downtown.
    Where is this mixed-use property located?
    The property is located at 716 N Jefferson Avenue West Jefferson, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Remodeled commercial building with a flexible layout ideal for offices, retail, salon, or storage.; Consider the potential for Airbnb or rental use upstairs (subject to zoning/approvals).; Prime location within walking distance to downtown West Jefferson's amenities like parks, restaurants, and shops.
    (336) 246-2307
    We can help!
    Listing Contact
    Andrea B Reeves
    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

    716 N Jefferson Avenue, West Jefferson, NC 28694

    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!