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    628 E Main St Sylva, NC 28779
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    628 E Main St Sylva, NC 28779

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    • Commercial land
    For Sale
    $989,000
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    Commercial Land Near Western Carolina For Sale
    $989,000
    0.90 Acres

    Commercial Land Near Western Carolina

    0.9+/- acre commercial land with utilities on HWY 107.

    628 E Main Street, Sylva, NC 28779
    View Listing
    Property ID
    US53-4829725
    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

    • Cotton Leigh Bakery / Wedding Service / Bakery

    Property Details for 628 E Main St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial on HWY 107 in route to Western Carolina University. .9 +/- of an acre with all utilities including TWSA water/sewer, electrical, and gas. Level and a blank canvas for your building needs. Food, Retail, Office Medical/Dental, - ready to go. This property is not located in the Flood Zone li ... ke several are on HWY 107. AAADT 32K. New Hot Spot gas station being built on one side and UPS on the other side. Take your plans to Jackson County Planning for your plans. Seller is willing to do seller financing with 1/3 of sale price down. Also willing to do a ground NNN lease. Discuss tax credits with your accountant on a ground lease. Prices surely to increase as development occurs on HWY 107.

    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
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.224135
    Latitude
    35.37368

    Comparable in this City

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      Sylva, NC Commercial Land

      5.5+/- acre commercial parcel in Sylva, NC for sale.
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      Commercial Land in High-Traffic Location

      Corner commercial property in Sylva, NC with high visibility.
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    • $750,000

      Commercial Land in High Traffic Area

      Corner commercial property in Sylva, NC with high visibility.
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    • $600,000
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      Commercial Land in Sylva, NC

      Almost 8 acres of commercial property zoned General Business.
      Grindstaff Cove Rd, Sylva, NC 28779
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    • $280,000
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      Sylva Land For Sale

      1.22 acres of flat land within Sylva city limits.
      887 Skyland Dr, Sylva, NC 28779
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    • $3,000,000

      Commercial Site on East Main

      Shovel-ready commercial site with high visibility and traffic count.
      Unknown, Sylva, NC 28779
      View Details

    Similar Nearby for Sale

    • $600,000
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      Commercial Land in Sylva, NC

      Almost 8 acres of commercial property zoned General Business.
      Grindstaff Cove Rd, Sylva, NC 28779
      View Details
    • $280,000
      Pending

      Sylva Land For Sale

      1.22 acres of flat land within Sylva city limits.
      887 Skyland Dr, Sylva, NC 28779
      View Details
    • $3,000,000

      Commercial Site on East Main

      Shovel-ready commercial site with high visibility and traffic count.
      Unknown, Sylva, NC 28779
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    • $1,275,000
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      Sylva, NC Commercial Land

      54.4 acres of commercial and residential land near hospital.
      Arnold Hl Rd, Sylva, NC 28779
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    • $925,000
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      Large Acreage Near Harris Hospital

      50+ acre property near hospital with development potential.
      Arnold Hl Rd And Westridge Rd, Sylva, NC 28779
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    • $225,000
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      Unrestricted Land Near Highway 74

      13.31+/- acres suitable for commercial or residential use.
      Us 74 Hwy, Sylva, NC 28779
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Former Medical Clinic for Lease

      Turnkey medical clinic with 12 offices/exam rooms for lease.
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    • $25 SF/Yr

      Former Medical Clinic For Lease

      Medical clinic with offices, lab, and ample parking.
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    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space for rent, ranging from 500 to 2,000 SqFt.
      653 Scotts Creek Rd, Sylva, NC 28779
      View Details
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    Sylva, NC 28779
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    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.

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