Technical
Financial
Distress signals
Property profile

419 Walnut St Waynesville, NC 28786

OFF-MARKET
Office Spaces
Property ID
US53-5608006
480 SF 0.06 ac lot Built 1982
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 756 square foot office building at 419 Walnut Street, Waynesville, NC, presents a fantastic opportunity for businesses seeking high visibility and convenient downtown access. Located just off Russ Avenue, the property boasts a prime location without the parking hassles often associated with central business districts. The building features handicap accessibility, including a dedicated handicap-accessible bathroom. The main level includes a conference room, ideal for meetings and client presentations. A private office, small kitchen, and seating area are located on the lower level, providing ample space for staff and operations. The total finished square footage is 756 square feet, situated on a 0.06-acre lot. The property is equipped with a ductless mini-split air conditioning and heating system, ensuring year-round comfort and energy efficiency. This versatile space is well-suited for a variety of office or medical uses, offering a blend of functionality and prime location in the heart of Waynesville. The asking price is $249,000. This is a rare opportunity to acquire a well-maintained, conveniently located office building in a thriving downtown area.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1982
Total area 480 SF
Lot 0.06 ac (2,801 SF)
Zoning code WS-ND
APN 8615-59-1866
UPID US53-5608006

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
  • Insurance Agency
  • Law Firm
  • Insurance Agency

Location

419 Walnut St Waynesville, NC 28786-3256
Waynesville metro Census 921000 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2025
Last sale
$235,000
7 recorded transactions
2025
$235,000
2023
$200,000
2008
$160,000
2008
Price N/A
2007
$28,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

WS-ND · Waynesville, NC

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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