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    For Sale (29)

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    Mountain Retreat Land in Bostic
    Contact for pricing
    3.40 Acres

    Mountain Retreat Land in Bostic

    Serene, gated community with paved roads and underground utilities.

    Old Forge Dr, Bostic, NC 28018
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    Rutherfordton Land For Sale
    $45,000
    0.71 Acres

    Rutherfordton Land For Sale

    Wooded 0.71-acre lot outside Rutherfordton, NC town limits.

    Chimney Rock Rd, Rutherfordton, NC 28139
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    Wooded Land in Rutherfordton, NC
    $185,000
    16.48 Acres

    Wooded Land in Rutherfordton, NC

    16.48 acres of wooded land, subdividable, with road frontage.

    County Line Rd S, Rutherfordton, NC 28139
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    Spindale Commercial Property For Sale
    $96,000
    2.08 Acres

    Spindale Commercial Property For Sale

    2+ acre commercial property in Spindale, North Carolina.

    S Oak St, Spindale, NC 28160
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    Unrestricted Land in Bostic, NC
    $295,000
    33.42 Acres

    Unrestricted Land in Bostic, NC

    33+ acres of unrestricted land with privacy and versatility.

    Dead End Rd, Bostic, NC 28018
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    Lake Lure Acreage For Sale
    Contact for pricing
    2.95 Acres

    Lake Lure Acreage For Sale

    2.95 acre lot near Lake Lure, North Carolina.

    Roberts Trl, Lake Lure, NC 28746
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    Commercial Land in Forest City
    $199,000
    1.88 Acres

    Commercial Land in Forest City

    Level commercial building lot with frontage on three streets.

    W Main St W, Forest City, NC 28043
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    Commercial Buildings and Vacant Lot
    $500,000
    1.04 Acres

    Commercial Buildings and Vacant Lot

    Three tracts available: commercial buildings and vacant lot.

    632 S Broadway St, Forest City, NC 28043
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    Land Near Lake Lure
    Contact for pricing
    1.99 Acres

    Land Near Lake Lure

    Nearly 2 acres of land in a private community.

    Jones Ct, Lake Lure, NC 28746
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    Nebo NC Land Opportunity
    $109,000
    13.00 Acres

    Nebo NC Land Opportunity

    13 acres in gated mountain community with amenities and views.

    Saratoga Dr, Nebo, NC 28761
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    Residential Land in Willow Lakes
    Contact for pricing
    2.46 Acres

    Residential Land in Willow Lakes

    2.4 acre homesite in Rutherfordton, near Asheville and Charlotte.

    Bayberry Dr, Rutherfordton, NC 28139
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    Land in Gated Lake Lure Community
    $95,000
    2.23 Acres

    Land in Gated Lake Lure Community

    2.23-acre lot with mountain views and community amenities.

    Golden Ridge Dr, Lake Lure, NC 28746
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    Lake Lure Mountain View Land
    Contact for pricing
    1.21 Acres

    Lake Lure Mountain View Land

    Residential land with mountain views and community amenities.

    Willow Top Ln, Lake Lure, NC 28746
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    Lake Lure Land with Views
    $95,000
    2.18 Acres

    Lake Lure Land with Views

    2.18-acre lot with long-range views in gated community.

    Bills Mountain Trl, Lake Lure, NC 28746
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    Unrestricted Land in Sunshine Area
    $60,000
    5.00 Acres

    Unrestricted Land in Sunshine Area

    Five acre wooded land with creek and spring near Bostic.

    Toney Rd, Bostic, NC 28018
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    MULTI_FAMILY - Rutherfordton, NC
    $230,000
    1,380 SF

    MULTI_FAMILY - Rutherfordton, NC

    Duplexes • 1,380 SF

    114 S Mitchell St, Rutherfordton, NC 28139
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    Commercial Lot in Forest City
    $75,000
    0.56 Acres

    Commercial Lot in Forest City

    Ideal location for medical office with utilities available.

    Withrow Rd, Forest City, NC 28043
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    Secluded Mountain Land with Views
    $650,000
    100.00 Acres

    Secluded Mountain Land with Views

    100 acres of secluded mountain land with abundant wildlife.

    3024 Camp Creek Rd, Union Mills, NC 28167
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    Vacant Commercial Lot For Sale
    Contact for pricing

    Vacant Commercial Lot For Sale

    Vacant commercial lot with road frontage on West Main.

    W Main St, Forest City, NC 28043
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    Commercial Lots in Forest City
    Contact for pricing

    Commercial Lots in Forest City

    Three commercial lots available, graded and ready for building.

    Butler Rd, Forest City, NC 28043
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    276 Butler Rd, Forest City, NC 28043
    Contact for pricing

    276 Butler Rd, Forest City, NC 28043

    Commercial land

    276 Butler Rd, Forest City, NC 28043
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    Forest City Commercial Land Investment
    $199,000
    1.88 Acres

    Forest City Commercial Land Investment

    1.88 Acres, Zoned GC, $199,000

    0 Main St, Forest City, NC 28043
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    Turnkey Daycare Facility For Sale
    Contact for pricing
    2,366 SF

    Turnkey Daycare Facility For Sale

    Fully operational daycare facility licensed for 50 children in prime location.

    224 Piney Ridge Rd, Forest City, NC 28043
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    Prime Development Land in Champaign
    $1,900,000

    Prime Development Land in Champaign

    28,662 SF development land in Champaign, Illinois for sale.

    210 S Walnut St, Champaign, IL 61820
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    Commercial Land Ready For Development
    $75,000

    Commercial Land Ready For Development

    Prime commercial land in Forest City, NC, ready for development.

    00 Withrow Rd, Forest City, NC 28043
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    Spindale Commercial Property For Sale
    Contact for pricing

    Spindale Commercial Property For Sale

    2+ acre commercial property in Spindale, North Carolina.

    S Oak St, Spindale, NC 28160
    View details
    Land Beside Former Restaurant
    $45,000

    Land Beside Former Restaurant

    Wooded land parcel available outside Rutherfordton town limits.

    00 Chimney Rock Rd, Rutherfordton, NC 28139
    View details
    Wooded Tract for Residential Development
    $185,000

    Wooded Tract for Residential Development

    Subdividable wooded land with frontage on two roads.

    00 County Line Rd S, Rutherfordton, NC 28139
    View details
    Commercial Buildings and Vacant Lot
    $500,000
    4,501 SF

    Commercial Buildings and Vacant Lot

    Three tracts available: commercial buildings and a vacant lot.

    644 S Broadway St, Forest City, NC 28043
    View details

    For Lease (3)

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    Commercial Building in Forest City
    $5,000 / Mo
    87,120 SF

    Commercial Building in Forest City

    Versatile commercial building suitable for manufacturing, retail, or warehouse use.

    114 Michael Dr, Forest City, NC 28043
    View details
    Main Street Retail Space Available
    $3,000 / Mo
    5,227 SF

    Main Street Retail Space Available

    5040' retail space on Main Street in Forest City.

    140 W Main St, Forest City, NC 28043
    View details
    Forest City Commercial Building For Lease
    Contact for pricing

    Forest City Commercial Building For Lease

    Versatile commercial building suitable for manufacturing, retail, or warehouse use.

    141 Michael Dr, Forest City, NC 28043
    View details

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    Journey Realty 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
    Journey Realty LLC
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