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Property profile & analytics
OFF-MARKET
Land

19437 Rosman Hwy Sapphire, NC 28774

1.77 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.77-acre commercial land parcel presents a unique investment opportunity. Located adjacent to a Dollar General store on Rosman Highway in Sapphire, North Carolina, this property boasts approximately 4,798 vehicles per day passing by. The area shows significant growth, with a 27.34% population increase within a 10-mile radius from 2020 to 2024. Sapphire, home to Whitewater Falls, the highest waterfall east of the Rockies, is a thriving tourist destination known for second homes, vacation properties, and luxury residential developments. The property benefits from strong demographics, with a 5-mile average household income of approximately $104,262 and a 10-mile population of approximately 12,181 individuals, boasting an average household income of approximately $88,523. Situated in unincorporated Transylvania County, the flexible zoning allows for a variety of commercial uses. This is an absolute $1 auction with no reserve, taking place November 4-6, 2024. The property's prime location and strong market fundamentals make it an attractive investment for developers and entrepreneurs seeking a foothold in this rapidly growing area. The land is fee simple ownership. The address is adjacent to 19437 Rosman Hwy, Sapphire, NC 28774.

Property profile
Verified
Property type Land
Lot 1.77 ac (77,101 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Western Union Bank Credit Union
  • FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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