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    L5 Market St Unit L5 Brevard, NC 28712

    • Commercial real estate
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for L5 Market St Unit L5

    Lot size
    0.37 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.37-acre commercial building pad presents a prime opportunity in Brevard, North Carolina. Located on Market Street in Straus Park, the property boasts unparalleled visibility due to its prominent position overlooking US 64. Zoned Neighborhood Mixed Use (NMU), this site allows for the construction of a substantial 22,500 square foot building, catering to a wide range of commercial uses. All city utilities are readily available, ensuring seamless development. The property includes rights to utilize the existing Market Street parking lot, providing ample parking for future tenants or customers. Furthermore, the site offers the potential to create additional parking spaces, enhancing its overall appeal and functionality. This is a rare chance to acquire a highly visible and versatile commercial lot in a thriving Brevard location, ready for immediate development. The asking price is $850,000. Don't miss this exceptional investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brevard
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.7215
    Latitude
    35.2527

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    L5 Market St Unit L5
    Brevard, NC 28712
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    Realmo Value Estimation

    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.

    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.

    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
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