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    Sylva, NC Land For Sale Title is generated by Realmo AI

    Shagbark Dr lot 80, Sylva, NC 28779

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    For Sale
    $47,500

    LAND - Sylva, NC

    Lot size:
    1.08 Acres
    Added:
    May 19, 2026
    Days on Market:
    3
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for Shagbark Dr lot 80

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Heavily Wooded
    Standard status
    Active
    APN
    7527881689
    Lot size
    1.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    104

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Patricia Stanberry
    Patricia Stanberry

    Listing agent Patricia Stanberry License #189427

    Listing office Apple Realty, LLC 998 Hwy Us 441 S, SYLVA, NC

    Listing date May 19, 2026

    MLS# 26047306 Listing URL

    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

    • Gated community with year‑round paved access and underground utilities.
    • STR's (Short Term Rentals) are allowed.
    • 1+ acre wooded corner lot.
    • Enjoy the clubhouse with outdoor fireplace, meeting room, kitchen, saunas, and sitting room.
    • Convenient location: close to Hwy 441 and 1.5 hours to Asheville.
    • Near outdoor activities: hiking, biking, fishing, kayaking/tubing.

    Overview

    Located in the gated Garnet Ridge Preserve community, this 1.08-acre corner lot offers a tranquil mountain living experience. The wooded and rolling lot is easily accessible via wide, tree-lined paved roads, ensuring year-round access. Underground utilities and a shared well are available. Residents can enjoy community amenities at the Clubhouse, which features a large outdoor fireplace, a meeting room with a kitchen and fireplace, saunas, and a sitting room with a TV. The location provides convenient access to outdoor activities such as hiking the Blue Ridge Parkway, mountain biking in the Smoky Mountains, and trout fishing on the Tuckaseegee River, as well as kayaking and tubing. Several quaint mountain towns, including Dillsboro, Franklin, Sylva, Bryson City, and Cherokee, are nearby, offering year-round festivals. The property is located approximately 3 miles from Hwy 441 and 1.5 hours from Asheville. Short-term rentals are permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.262745
    Latitude
    35.265286

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    FAQs

    What type of property is this?
    Residential land & home lot - 1+ acre wooded corner lot in gated community near Asheville.
    Where is this residential land & home lot located?
    The property is located at Shagbark Dr lot 80 Sylva, NC.
    What is the asking price?
    The asking price for this property is $47,500.
    What are key features of this property?
    This property features: Gated community with year‑round paved access and underground utilities.; STR's (Short Term Rentals) are allowed.; 1+ acre wooded corner lot.
    (828) 506-7229
    We can help!
    Listing Contact
    Patricia Stanberry
    Patricia Stanberry
    Real Estate License ID: 189427
    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.

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