Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3281 Dellwood Rd Waynesville, NC 28786-7215
    Property profile & analytics

    3281 Dellwood Rd, Waynesville, NC 28786-7215

    View on Map
    • Auto shops
    • 3,665 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Dec 7, 2023
    $200,000
    Property ID
    US53-1691126
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 3281 Dellwood Rd

    Year built
    2014
    Lot size
    0.44 lot acres
    Property type
    Auto shops
    APN
    8606-39-9323
    APU
    8606399323

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2023 $200,000 Mitchell Armenante Zebulon Kyle Edwards Warranty Deed —
    Dec 27, 2012 $30,000 Kyle Edwards Construction Sheriff Of Haywood County Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.0207
    Latitude
    35.5227
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $760
    $61,600
    $66,100
    $127,700
    -
    $61,600
    $66,100
    $127,700

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      27 Norman St

      AUTO REPAIR, GARAGE
      27 Norman St, Waynesville, NC 28786
      View Details
    • Value Estimation by Request
      1,500 SF

      20 Oshea Ln

      AUTO REPAIR, GARAGE
      20 Oshea Ln, Waynesville, NC 28786-4558
      View Details
    • Value Estimation by Request
      1,433 SF

      Dellwood Rd

      AUTO REPAIR, GARAGE
      Dellwood Rd, Waynesville, NC 28786
      View Details
    • Value Estimation by Request
      1,500 SF

      5292 Old Riv Rd

      AUTO REPAIR, GARAGE
      5292 Old Riv Rd, Waynesville, NC 28786
      View Details
    • Value Estimation by Request
      2,245 SF

      1559 Main St

      AUTO REPAIR, GARAGE
      1559 Main St, Waynesville, NC 28786-2155
      View Details
    • Value Estimation by Request
      4,440 SF

      2311 Russ Ave

      AUTO REPAIR, GARAGE
      2311 Russ Ave, Waynesville, NC 28786-6906
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Location Flat Land

      1.34 acre flat land in high-traffic area.
      1727 S Main St, Waynesville, NC 28786
      View Details
    • Contact for pricing

      Waynesville Redevelopment Assemblage Opportunity

      1.53 acres with 15 units, redevelopment potential in Waynesville.
      1659 S Main St, Waynesville, NC 28786
      View Details
    • $294,000
      Pending

      Waynesville Commercial Property For Sale

      Prime commercial property with high visibility near the highway.
      1478 Dellwood Rd, Waynesville, NC 28786
      View Details
    • Contact for pricing

      Waynesville Commercial Property For Sale

      Prime corner location with high occupancy and expansion potential.
      40 Eagles Nest Rd, Waynesville, NC 28786
      View Details
    • $2,200,000
      0.81 Acres

      Waynesville Mixed-Use Investment Opportunity

      Retail and residential income property in high-growth Waynesville area.
      62 Overbrook Dr, Waynesville, NC 28786
      View Details

    Similar Nearby for Lease

    • $2,495 /Mo

      Bethel Commercial Building For Lease

      Charming commercial building in Bethel with versatile space and accessibility.
      62 Birdsong Trl, Waynesville, NC 28786
      View Details
    • Contact for pricing

      Storefront Available on Retail Corridor

      Storefront property with side and rear access for lease.
      263 Waynesville Plz, Waynesville, NC 28786
      View Details
    • $23 SF/Yr
      54,450 SF

      Open Commercial Space in Waynesville

      Remodel-ready space with high visibility and ample car traffic.
      1902 S Main St, Waynesville, NC 28786
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3281 Dellwood Rd
    Waynesville, NC 28786-7215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3281 Dellwood Rd, Waynesville, NC, 28786
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!