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    Property profile & analytics
    OFF-MARKET Estimated value $1,555,000
    Outlet malls

    82 Locust Dr, Waynesville, NC 28786-2216

    6,900 SF 1.23 ac lot Built 1973
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1280074
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Smoky Mountain Steel Horses Motorcycle Shop
    • Smoky Mountain Steel Horses, LLC Car Dealership
    • Smoky Mountain Indian Motorcycle at Smoky Mountain Steel Horses Motorcycle Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.47M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.56M
    Owner & transaction history
    Gateway Church · 1 yrs held
    Gateway Church
    since 2025
    Last sale
    $1.6M
    6 recorded transactions
    2026
    2025
    $1.6M
    2012
    $832,000
    1969
    1969
    1969
    Zoning & alternative use
    H-TC · Waynesville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.7M +59.0%
    Commercial (general) $1.4M +23.7%
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