Property profile

82 Locust Dr Waynesville, NC 28786

OFF-MARKET
Outlet malls
Property ID
US53-1280074
6,900 SF 1.23 ac lot Built 1973
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Waynesville, NC commercial property boasts over 14,000 square feet of versatile space, perfectly situated just off Highway 23/74. The 1.23-acre lot provides 170+ feet of road frontage and ample parking with 30 spaces. The building features a mix of retail sales space, offices, storage, and a warehouse/shop, making it suitable for a wide range of businesses. The interior offers dedicated sales offices, five restrooms, and impressive ceiling heights ranging from 11'6" to 18', providing flexibility for various layouts and needs. Three-phase power is available, along with convenient access to city water and sewer services. This high-traffic location in beautiful Waynesville offers excellent visibility and accessibility, making it an ideal investment opportunity for entrepreneurs seeking a thriving business environment. The property's size and features provide significant potential for expansion and customization, catering to a diverse range of commercial ventures. The combination of prime location, ample space, and modern amenities makes this property a truly exceptional opportunity in the heart of Waynesville.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1973
Total area 6,900 SF
Lot 1.23 ac (53,666 SF)
Zoning code H-TC
APN 8605-53-8017
UPID US53-1280074

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
  • Motorcycle Shop
  • Car Dealership
  • Motorcycle Shop

Location

82 Locust Dr Waynesville, NC 28786-2216
Waynesville metro Census 920800 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.53M

Owner & transaction history

since 2025
Last sale
$1.6M
6 recorded transactions
2026
Price N/A
2025
$1.6M
2012
$832,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

H-TC · Waynesville, NC
Top alternative use upside
Restaurant $1.7M +59.0%
Commercial (general) $1.4M +23.7%

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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