Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    68 Asheville Hwy Sylva, NC 28779-5118
    Back to Search
    Property profile & analytics

    68 Asheville Hwy, Sylva, NC 28779-5118

    View on Map
    • Community centers
    • 5,000 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Apr 18, 2023
    Property ID
    US53-1357867
    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

    • Jason K. Leibowitz, LAC / Medical Clinic / Alternative Medicine Practice
    • Enberg Asphalt and Sealcoat / General Contractor / Construction Company

    Property Details for 68 Asheville Hwy

    Year built
    2002
    Lot size
    0.27 lot acres
    Zone code
    B2 BUSINESS DISTRICT
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    7641-48-5118
    APU
    7641485118

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 18, 2023 $1,474,296 Department Of Transportation Nhn Holdings LLC Deed —
    Oct 25, 2007 — Nhn Holdings LLC Clapsaddle,kole K & Kim G Warranty 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
    Sylva
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.2128
    Latitude
    35.3755
    CBSA code
    19000
    CBSA name
    CULLOWHEE, NC MICROPOLITAN 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
    2024
    $408
    $107,490
    $0.00
    $107,490
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,307 SF

      18 Marsh Lily Dr

      MINI-MALL
      18 Marsh Lily Dr, Sylva, NC 28779-9459
      View Details
    • Value Estimation
      $815,000
      93,577 SF

      271 Jackson Plz

      MINI-MALL
      271 Jackson Plz, Sylva, NC 28779-2525
      View Details
    • Value Estimation by Request
      4,000 SF

      318 Skyland Dr

      MINI-MALL
      318 Skyland Dr, Sylva, NC 28779-5216
      View Details
    • Value Estimation
      $1,075,000
      5,670 SF

      91 Main St

      RETAIL STORES (PERSONAL SERVICES)
      91 Main St, Sylva, NC 28779-2925
      View Details
    • Value Estimation by Request
      8,794 SF

      1746 Main St

      FINANCIAL BUILDING
      1746 Main St, Sylva, NC 28779-5602
      View Details
    • Value Estimation by Request
      2,911 SF

      1148 Mineral Spgs Dr

      AUTO REPAIR, GARAGE
      1148 Mineral Spgs Dr, Sylva, NC 28779
      View Details

    Similar Nearby for Sale

    • $695,000
      6,900 SF

      Commercial Building in Sylva, NC

      Large commercial building suitable for retail or automotive use.
      478 Asheville Hwy, Sylva, NC 28779
      View Details
    • Contact for pricing

      Skyland Drive Commercial Property For Sale

      Commercial property on Skyland Drive, ideal for various business uses.
      286 Skyland Dr, Sylva, NC 28779
      View Details
    • $899,000
      1,121 SF

      Sylva Commercial Property For Sale

      Commercial property in Sylva, NC, suitable for office, retail, restaurant.
      307 E Main St, Sylva, NC 28779
      View Details
    • $2,500,000
      1.46 Acres

      Prime Retail Site in Sylva

      Highly visible retail property on 1.46 acres with city utilities.
      30 Main St, Sylva, NC 28779
      View Details
    • $390,000
      1,020 SF

      Zoned B2 Commercial Building

      Daycare-ready commercial building on a flat lot with natural gas heating/cooling and a flexible office-oriented layout.
      286 Skyland Dr, Sylva, NC 28779
      View Details
    • $1,250,000
      11,000 SF

      Two-Building Retail and Office Property

      Two buildings combine retail on lower levels with 13 upper office spaces and additional finished basement retail.
      562 W Main St, 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.
      609 Asheville Hwy, Sylva, NC 28779
      View Details
    • Contact for pricing

      Former Medical Clinic For Lease

      Medical clinic with offices, lab, and ample parking.
      609 Asheville Hwy, Sylva, NC 28779
      View Details
    • 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
    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.
    68 Asheville Hwy
    Sylva, NC 28779-5118
    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
    68 Asheville Hwy, Sylva, NC, 28779
    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!