Technical
Financial
Distress signals
Property profile

89 Sycamore St Murphy, NC 28906

FOR SALE
Office buildings
Property ID
US53-4908597
5,910 SF 0.2 ac lot Built 2007
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a commercial site in Murphy, containing approximately 14,396 square feet of space under roof across two buildings on about 1.52 acres. It historically operated as the Cherokee Scout Newspaper facility and features mountain and Hiawassee River views, with access to major corridors and proximity to regional infrastructure. The site is zoned HB, supporting a range of commercial and redevelopment uses. One building is a 5,768-square-foot, two-story office structure built in 2007, described as a modular metal/class B-C type construction in good condition, with multiple private offices, conference rooms, reception and break areas, and a clear-span accessible layout. The office space includes modern mechanical systems and flexible floor plans that can be configured for single-tenant or multi-tenant use. The second building is an 8,628-square-foot, single-story prefabricated metal industrial building with a brick front office component, originally part-constructed in the mid-1960s and expanded over time, and formerly used as a newspaper printing facility. It offers an open-span warehouse/manufacturing layout with dock-high rear loading, multi-height ceilings, an approximately 8-inch slab, and existing utility infrastructure. Municipal utilities are available, and the site includes ample on-site parking. The overall configuration supports office with flex/light industrial uses, and potential conversions for light manufacturing, distribution, storage, media/technology/creative studio use, regional operations or call-center use, as well as mixed-commercial redevelopment and adaptive reuse.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 5,910 SF
Lot 0.2 ac (8,712 SF)
Zoning code HB
APN 459214444398000
UPID US53-4908597

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
  • Publishing House Newspaper & Magazine

Location

89 Sycamore St Murphy, NC 28906
Murphy metro Census 930402
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$514k
Blend (final) Blend
$450k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

HB · Murphy, NC
Top alternative use upside
Commercial (general) $665,000 +22.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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