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    For Sale (34)

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    Sunset Mountain Land For Sale
    $139,900
    1.25 Acres

    Sunset Mountain Land For Sale

    Historical 1.25+ acre lot with mountain views near downtown.

    99999 Sunset Dr, Black Mountain, NC 28711
    View details
    Black Mountain Land in Creston
    $67,000
    2.58 Acres

    Black Mountain Land in Creston

    2.58-acre lot in gated community near Black Mountain, NC.

    94 Galax Dr, Black Mountain, NC 28711
    View details
    Ready-to-Build Homesite with Mountain Views
    Contact for pricing
    1.89 Acres

    Ready-to-Build Homesite with Mountain Views

    Homesite in gated community with mountain views near downtown Marion.

    V/L Black Lark Dr, Marion, NC 28752
    View details
    Lake James Waterfront Land
    $725,000
    1.49 Acres

    Lake James Waterfront Land

    Waterfront land on Lake James with dock and gazebo.

    2361 Lake Forest Cv, Nebo, NC 28761
    View details
    Black Mountain Investment Opportunity
    $1,000,000
    7,818 SF

    Black Mountain Investment Opportunity

    Income-producing properties with redevelopment potential in Black Mountain, NC.

    2968 Us 70 Hwy, Black Mountain, NC 28711
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    Land in Gateway Mountain Community
    $98,000
    6.00 Acres

    Land in Gateway Mountain Community

    6+- acre land parcel in gated mountain community near Asheville.

    Mckenzie Way N, Old Fort, NC 28762
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    Land in Black Mountain, NC
    Contact for pricing
    0.21 Acres

    Land in Black Mountain, NC

    Homesite with long-range views near downtown Black Mountain.

    31 Old Lafayette Ln, Black Mountain, NC 28711
    View details
    Land in Gateway Mountain Community
    Contact for pricing
    2.00 Acres

    Land in Gateway Mountain Community

    Two-acre lot in gated community near Asheville.

    Mckenzie Way S, Old Fort, NC 28762
    View details
    Lake James Waterfront Lot
    $719,500
    1.46 Acres

    Lake James Waterfront Lot

    Waterfront lot with mountain views and dock on Lake James.

    183 Crst Vw Dr NE, Nebo, NC 28761
    View details
    Land in Gateway Mountain Community
    Contact for pricing
    2.00 Acres

    Land in Gateway Mountain Community

    Two-acre lot in gated community near Asheville.

    Mckenzie Way S, Old Fort, NC 28762
    View details
    Swannanoa View Lot For Sale
    Contact for pricing
    1.87 Acres

    Swannanoa View Lot For Sale

    View lot near Black Mountain shops and restaurants.

    Wildflower Cv Rd, Swannanoa, NC 28778
    View details
    Black Mountain Buildable Lot
    $43,000
    1.69 Acres

    Black Mountain Buildable Lot

    1.69 acre lot in Catawba Falls Preserve neighborhood.

    100 Comet Falls Trl, Black Mountain, NC 28711
    View details
    Black Mountain Residential Lot
    $149,000
    0.65 Acres

    Black Mountain Residential Lot

    Residential lot with water and sewer access in Black Mountain.

    Hunting Lodge Dr, Black Mountain, NC 28711
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    Black Mountain Buildable Lot
    $53,000
    0.87 Acres

    Black Mountain Buildable Lot

    Buildable lot in Catawba Falls Preserve, near hiking trails.

    1696 Catawba Falls Pkwy, Black Mountain, NC 28711
    View details
    Nebo, NC Land with Views
    $35,000
    1.81 Acres

    Nebo, NC Land with Views

    Land with mountain views, near Fonta Flora and Lake James.

    35-12 Sycamore Dr, Nebo, NC 28761
    View details
    Black Mountain Land with Mountain Views
    $130,000
    2.50 Acres

    Black Mountain Land with Mountain Views

    2.51-acre lot in gated Creston community with mountain views.

    2523 Creston Dr, Black Mountain, NC 28711
    View details
    Black Mountain Land Near Town
    $60,000
    0.99 Acres

    Black Mountain Land Near Town

    Vacant land near town with easy interstate access.

    99999 Yates Ave, Black Mountain, NC 28711
    View details
    Marion Land with Mountain Views
    $38,900
    5.00 Acres

    Marion Land with Mountain Views

    Buildable 5-acre lot in gated community with mountain views.

    2724 Mountain Crest Dr S, Marion, NC 28752
    View details
    Mountain View Lots Near Downtown
    $109,000
    0.64 Acres

    Mountain View Lots Near Downtown

    Two residential lots with winter mountain views near Black Mountain.

    146 Center St, Black Mountain, NC 28711
    View details
    Fairview, NC Homesite Land
    $354,000
    6.32 Acres

    Fairview, NC Homesite Land

    6+ acre homesite with mountain views near Asheville, NC.

    V/L Smith Knl Rd, Fairview, NC 28730
    View details
    Lake Lure Land Opportunity
    $72,000
    3.39 Acres

    Lake Lure Land Opportunity

    3.39 acre lot in gated community near resort.

    V/L Easy St, Lake Lure, NC 28746
    View details
    Land in Gated Community
    $53,000
    1.95 Acres

    Land in Gated Community

    Residential land in Black Mountain with mountain views and amenities.

    23 Winding Poplar Rd, Black Mountain, NC 28711
    View details
    Modern Container Homes Near Asheville
    $475,000
    1.92 Acres

    Modern Container Homes Near Asheville

    Two designer tiny homes with development potential near Asheville.

    8 George Allen Rdg, Arden, NC 28704
    View details
    Land with Mountain Views
    $124,900
    2.34 Acres

    Land with Mountain Views

    Residential land in Black Mountain, NC, with layered views.

    103 Sugar Maple Dr, Black Mountain, NC 28711
    View details
    Swannanoa Land with Mountain Views
    $49,000
    1.50 Acres

    Swannanoa Land with Mountain Views

    Wooded land parcel in established mountaintop community.

    Summer Haven Rd, Swannanoa, NC 28778
    View details
    Nebo, NC Land Opportunity
    $99,000
    2.86 Acres

    Nebo, NC Land Opportunity

    2.86-acre lot in gated community with mountain views.

    254 Peninsula Reserve Rd, Nebo, NC 28761
    View details
    Mills River Land with Development Potential
    $2,400,000
    12.00 Acres

    Mills River Land with Development Potential

    12 acres near Asheville Airport with multiple development opportunities.

    467 Butler Farm Rd, Mills River, NC 28759
    View details
    Waterfront Lot with Mountain Views
    $825,000
    3.00 Acres

    Waterfront Lot with Mountain Views

    3-acre waterfront lot with lake and mountain views.

    West Point Dr, Nebo, NC 28761
    View details
    Black Mountain Estate Lot
    $598,900
    10.04 Acres

    Black Mountain Estate Lot

    10+ acre estate lot with mountain views near downtown.

    66 Sisters View Dr, Black Mountain, NC 28711
    View details
    Dual-Home Property on Flat Top
    $895,000
    2.44 Acres

    Dual-Home Property on Flat Top

    Two fully furnished homes on a scenic 2.44-acre lot.

    67/69 Flat Top Mountain Rd, Fairview, NC 28730
    View details
    Land in Gated Community
    $100,000
    2.08 Acres

    Land in Gated Community

    2-acre lot with mountain views, ready for custom home.

    149 Turkey Trot Trl, Marshall, NC 28753
    View details
    112 Acres Near Crooked Creek
    $699,000
    112.00 Acres

    112 Acres Near Crooked Creek

    112-acre property with creek frontage near Old Fort, NC.

    187 Hodges Crk Rd, Old Fort, NC 28762
    View details
    Mills River Land with Development Potential
    $2,400,000

    Mills River Land with Development Potential

    12 acres near Asheville Airport with industrial and multifamily potential.

    467 Butler Farm Rd, Mills River, NC 28759
    View details
    Land For Sale
    $67,000

    Land For Sale

    Land available in Black Mountain, North Carolina.

    94 Galax Dr, Black Mountain, NC 28711
    View details

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    GreyBeard 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
    GreyBeard Realty
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