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    For Sale (27)

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    Large Flat Lot in Cullowhee
    $175,000
    0.82 Acres

    Large Flat Lot in Cullowhee

    Buildable 0.82-acre lot near golf and fitness center.

    16 Trillium Ridge Rd, Cullowhee, NC 28723
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    Residential Land in Lake Club
    $140,000
    3.00 Acres

    Residential Land in Lake Club

    Three-acre lot in gated community with lake access.

    9 Old Forester Trl, Cullowhee, NC 28723
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    Cullowhee Golf Course Lot
    $89,500
    0.62 Acres

    Cullowhee Golf Course Lot

    0.62 acre golf course lot with mountain views.

    16 Trillium Ridge Rd, Cullowhee, NC 28723
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    Residential Land in Trillium
    $95,000
    1.07 Acres

    Residential Land in Trillium

    Acreage in Trillium Links & Lake Club.

    14 Trellis Ln, Cullowhee, NC 28723
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    Highlands Land with Lake Access
    $215,000
    0.50 Acres

    Highlands Land with Lake Access

    Gated lakefront community lot with creek and lake access.

    Streamside Ln, Highlands, NC 28741
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    Two-Parcel Lot with Mountain Views
    $275,000
    0.63 Acres

    Two-Parcel Lot with Mountain Views

    Two-parcel lot with mountain and lake views in Trillium.

    26 2A, Cashiers, NC 28717
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    Golf Course Lot in Trillium
    $295,000
    0.55 Acres

    Golf Course Lot in Trillium

    Premium lot with golf course and mountain views.

    238 Wild Iris Trl, Cashiers, NC 28717
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    Gated Community Mountain Homesite
    $125,000
    0.63 Acres

    Gated Community Mountain Homesite

    Build a custom mountain retreat on one of the few undeveloped lots within Cullasaja Club’s gated community.

    124 Cove View Dr, Highlands, NC 28741
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    LAND - Highlands, NC
    $275,000
    1.21 Acres

    LAND - Highlands, NC

    Land

    125 Cove View Dr, Highlands, NC 28741
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    Wooded Golf Course View Lot
    $85,000
    0.84 Acres

    Wooded Golf Course View Lot

    0.84-acre wooded lot with golf course and mountain view potential.

    11 Trillium Ridge Rd, Cullowhee, NC 28723
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    Highlands Land Near National Forest
    $449,900
    3.94 Acres

    Highlands Land Near National Forest

    3.94 acres near downtown Highlands, bordered by National Forest.

    Dillard Rd, Highlands, NC 28741
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    Land Near Highlands, NC
    $1,100,000
    2.95 Acres

    Land Near Highlands, NC

    2.95 acres of land close to Highlands' amenities.

    Hardscrabble Ridge Rd, Highlands, NC 28741
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    Highlands Land with Blue Valley Views
    $3,300,000
    34.37 Acres

    Highlands Land with Blue Valley Views

    34+/- acre property with long-range views near downtown Highlands.

    4431 Dillard Rd, Highlands, NC 28741
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    Cashiers Land with View Potential
    $425,000
    2.89 Acres

    Cashiers Land with View Potential

    2.89-acre lot with building options and view potential.

    Drystack Way, Cashiers, NC 28717
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    Lakefront Land in Gated Community
    $215,000
    0.50 Acres

    Lakefront Land in Gated Community

    Lakefront lot with lake access and canoe storage.

    Lake Osseroga Dr, Highlands, NC 28741
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    Highlands Land with Mountain Views
    $175,000
    0.50 Acres

    Highlands Land with Mountain Views

    Gated lakefront community lot with mountain and waterfall views.

    High Pond Ln, Highlands, NC 28741
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    Mountain Land in Franklin, NC
    Contact for pricing
    0.60 Acres

    Mountain Land in Franklin, NC

    Serene 0.6-acre lot for a mountain retreat.

    Mountain Air Rd, Franklin, NC 28734
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    Cashiers Land Near Club Amenities
    $175,000
    0.42 Acres

    Cashiers Land Near Club Amenities

    Homesite near tennis, croquet, golf, and fitness center.

    10 Trellis Ln, Cashiers, NC 28717
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    Franklin NC Multifamily Investment Opportunity
    $3,100,000
    8.20 Acres

    Franklin NC Multifamily Investment Opportunity

    8.2-acre multifamily property with 14 units and expansion potential.

    520 Baird Cove Rd, Franklin, NC 28734
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    Highlands Point Homesite Opportunity
    $77,500
    0.62 Acres

    Highlands Point Homesite Opportunity

    Homesite in gated community near downtown Highlands, North Carolina.

    Highlands Pt Rd, Highlands, NC 28741
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    Land with Forest Service Frontage
    $75,000
    1.00 Acre

    Land with Forest Service Frontage

    One-acre lot near Stephens Creek with existing septic system.

    Deuce Rd, Highlands, NC 28741
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    Cashiers Land For Sale
    $1,500,000
    2.40 Acres

    Cashiers Land For Sale

    2.4-acre lot in central Cashiers, North Carolina.

    Valley Rd, Cashiers, NC 28717
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    Highlands Homesite in Gated Community
    $75,000
    0.98 Acres

    Highlands Homesite in Gated Community

    0.98-acre homesite near Main Street in Highlands, North Carolina.

    Highlands Pt Rd, Highlands, NC 28741
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    Highlands NC Homesite Opportunity
    $139,000
    2.46 Acres

    Highlands NC Homesite Opportunity

    2+ acre homesite near Main Street Highlands, North Carolina.

    Highlands Pt Rd, Highlands, NC 28741
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    Highlands NC Wooded Homesite
    $125,000
    0.92 Acres

    Highlands NC Wooded Homesite

    0.92-acre wooded homesite within Highlands Country Club community.

    43A Hudson Rd, Highlands, NC 28741
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    LAND - Highlands, NC
    $795,000
    3.95 Acres

    LAND - Highlands, NC

    Residential land & home lots

    Hardscrabble Ridge Rd, Highlands, NC 28741
    View details
    Highlands NC Land For Sale
    $485,000
    2.86 Acres

    Highlands NC Land For Sale

    2.86-acre lot in Highlands, city water available, no HOA.

    Bowery Rd, Highlands, NC 28741
    View details

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    EXURBIA SOTHEBY'S INTERNATIONAL REALTY
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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
    EXURBIA SOTHEBY'S INTERNATIONAL REALTY
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