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    For Sale (21)

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    Unrestricted Land in Roaring River
    $49,900
    4.99 Acres

    Unrestricted Land in Roaring River

    4.99 acres of unrestricted land in a country setting.

    Mckinley Rd, Roaring River, NC 28669
    View details
    Wilkesboro Land Near Moravian Falls
    $135,000
    8.34 Acres

    Wilkesboro Land Near Moravian Falls

    8.34 acre property near trails, golf, lakes, and rivers.

    S Nc Highway 16, Wilkesboro, NC 28697
    View details
    Thurmond, NC 2.58-Acre Land
    $45,000
    2.58 Acres

    Thurmond, NC 2.58-Acre Land

    2.58-acre property in Thurmond, NC, perfect for mountain retreat.

    153 Pineway Ln, Thurmond, NC 28683
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    Wooded Lot in Doe Mountain
    Contact for pricing
    3.02 Acres

    Wooded Lot in Doe Mountain

    Wooded 3.02-acre lot with creek in Doe Mountain Estates.

    Antler Dr, McGrady, NC 28649
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    Land in Doe Mountain Estates
    Contact for pricing
    3.07 Acres

    Land in Doe Mountain Estates

    Three-acre lot in a peaceful mountain community.

    Antler Dr, McGrady, NC 28649
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    Land in Purlear, North Carolina
    $699,900
    61.20 Acres

    Land in Purlear, North Carolina

    61.2 acres of hunting and recreational land near Cielo Falls.

    Summit Rd, Purlear, NC 28665
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    North Wilkesboro Quadplex Investment
    $799,000
    0.70 Acres

    North Wilkesboro Quadplex Investment

    Pristine quadplex near schools, shopping, and Blue Ridge Parkway.

    617 John Mcgrady Rd, North Wilkesboro, NC 28659
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    Cleared Land in North Wilkesboro
    $34,900
    0.87 Acres

    Cleared Land in North Wilkesboro

    0.87 acres of land suitable for residential development.

    Baptist Home Rd, North Wilkesboro, NC 28659
    View details
    Partially Cleared Land with Views
    $63,900
    8.06 Acres

    Partially Cleared Land with Views

    8-acre lot ready for building with mountain views.

    Carriage House Trl, McGrady, NC 28649
    View details
    Wilkesboro Land For Sale
    $309,900
    10.83 Acres

    Wilkesboro Land For Sale

    10.83 acre property suitable for multiple uses.

    Us Highway 421 W, Wilkesboro, NC 28697
    View details
    Unrestricted Land Near Highway 115
    $90,000
    9.70 Acres

    Unrestricted Land Near Highway 115

    9.7 acres of unrestricted land near Hwy 115.

    Balls Mill Rd, North Wilkesboro, NC 28659
    View details
    McGrady, NC Land with Views
    $359,900
    21.16 Acres

    McGrady, NC Land with Views

    Two lots with panoramic mountain views in Blackberry Ridge.

    65 And 66, McGrady, NC 28659
    View details
    Highway Business Zoned Commercial Lot
    $99,900
    1.32 Acres

    Highway Business Zoned Commercial Lot

    1.32 acre commercial lot with highway access.

    Elkin Hwy, North Wilkesboro, NC 28659
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    Residential Land in Traphill, NC
    $33,000
    1.93 Acres

    Residential Land in Traphill, NC

    1.93-acre parcel with natural building site and mature trees.

    Austin Traphill Rd, Traphill, NC 28685
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    610 Bethany Church Rd, Wilkesboro, NC 28697
    $900,000

    610 Bethany Church Rd, Wilkesboro, NC 28697

    Industrial properties

    610 Bethany Church Rd, Wilkesboro, NC 28697
    View details
    Mixed-Use Investment Opportunity
    Contact for pricing

    Mixed-Use Investment Opportunity

    36,000 sq ft mixed-use property for retail, office, manufacturing.

    610 Bethany Church Rd, Moravian Falls, NC 28654
    View details
    Commercial Lot in West Jefferson
    $439,900

    Commercial Lot in West Jefferson

    Commercial lot suitable for retail, industrial, medical, or service.

    Hice Ave, West Jefferson, NC 28694
    View details
    Land Near W Kerr Scott Reservoir
    $349,900

    Land Near W Kerr Scott Reservoir

    Over 24 acres near W Kerr Scott Reservoir.

    000 Rocky Point Rd, Wilkesboro, NC 28697
    View details
    Roaring River Frontage Land Opportunity
    $110,000

    Roaring River Frontage Land Opportunity

    Land with river frontage near Roaring River Vineyards.

    447 Brewer Mill Rd, Traphill, NC 28685
    View details
    Wooded Lot in Doe Mountain
    Contact for pricing

    Wooded Lot in Doe Mountain

    Wooded lot with creek in Doe Mountain Estates Community.

    000 Antler Dr, McGrady, NC 28649
    View details
    Unrestricted Land Parcel For Sale
    $49,900

    Unrestricted Land Parcel For Sale

    4.99 acres of unrestricted land in a country setting.

    00 Mckinley Rd, Roaring River, NC 28669
    View details

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    Properties for sale

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    Blair Properties, LLC
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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.

    More about this property
    Blair Properties, LLC
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