Technical
Financial
Distress signals
Property profile

19437 Rosman Hwy Sapphire, NC 28774

OFF-MARKET
Land
1.77 ac lot
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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

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union
  • Postal Service Courier Service

Location

19437 Rosman Hwy Sapphire, NC 28774
Sapphire metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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