1778 Dellwood City Rd, Waynesville, NC 28786
This exceptional 1,200 square foot retail property, situated on a 0.47-acre lot in Waynesville, North Carolina, presents a compelling investment opportunity. Located at 1778 Dellwood City Rd, this single-story, 1947-built building boasts a prime location between Maggie Valley and Waynesville, ensuring high visibility and significant traffic. Currently operating as a food service establishment under a long-term lease extending to 2029, the property generates a consistent income stream. The current monthly rent is $2,500, slated to increase to $3,000 per month in 2026. The property is zoned for commercial use (Comm) and features a single unit within a single building. The asking price is $486,900, translating to $405.75 per square foot. This represents a rare chance to acquire a profitable, established business in a high-demand area, offering both immediate income and significant long-term potential. The property's APN is 8617-10-6618. This turnkey operation is ideal for savvy investors seeking a stable and appreciating asset in a thriving community. The property's net rentable square footage is 1,200 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.