Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (828) 307-0099
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (25)

    View map
    Davidson NC Estate Lot
    $3,499,000
    13.77 Acres

    Davidson NC Estate Lot

    13.77-acre estate lot near downtown Davidson and Fisher Farm Park.

    21121 Shearer Rd, Davidson, NC 28036
    View details
    Davidson, NC Estate Lot
    $1,999,900
    10.03 Acres

    Davidson, NC Estate Lot

    10.03-acre estate lot near historic downtown Davidson.

    21121 Shearer Rd, Davidson, NC 28036
    View details
    Residential Lot in Lakeside Reserve
    $119,900
    2.24 Acres

    Residential Lot in Lakeside Reserve

    2.24-acre lot with amenities in Lakeside Reserve Development.

    2281 Crestone Way, Connelly Springs, NC 28612
    View details
    Lenoir, NC Land Parcel
    Contact for pricing
    4.24 Acres

    Lenoir, NC Land Parcel

    4.24-acre land parcel in the foothills of North Carolina.

    Carsons Way, Lenoir, NC 28645
    View details
    Lenoir Land with Mountain Views
    $215,000
    13.61 Acres

    Lenoir Land with Mountain Views

    13.613 acres with mountain views and barn.

    2258 Sweet Maple Pl, Lenoir, NC 28645
    View details
    Lakefront Land in Valdese, NC
    $99,999
    1.21 Acres

    Lakefront Land in Valdese, NC

    1.21-acre lakefront property with community amenities and mountain views.

    199 Table Rock Trce NW, Valdese, NC 28690
    View details
    Buildable Lot in Lake Community
    $37,500
    0.40 Acres

    Buildable Lot in Lake Community

    Flat, buildable lot in gated lake community with amenities.

    218 Grandfathers Pass NW, Valdese, NC 28690
    View details
    Lenoir Land Opportunity: 8.82 Acres
    $40,000
    8.82 Acres

    Lenoir Land Opportunity: 8.82 Acres

    8.82 acres of land in Lenoir, North Carolina.

    Collette Rdg Cir, Lenoir, NC 28645
    View details
    Rutherfordton Estate with Mountain Views
    $3,400,000
    72.27 Acres

    Rutherfordton Estate with Mountain Views

    Luxury estate on 72+ acres near Tryon Equestrian Center.

    265 Phillip Henderson Rd, Rutherfordton, NC 28139
    View details
    Residential Land in Lenoir, NC
    Contact for pricing
    1.64 Acres

    Residential Land in Lenoir, NC

    1.64-acre parcel in The Bluffs of Wilson Creek.

    Conroy Ct, Lenoir, NC 28645
    View details
    Lenoir Land Near National Forest
    Contact for pricing
    1.57 Acres

    Lenoir Land Near National Forest

    1.57-acre parcel near Pisgah National Forest.

    National Frst Dr, Lenoir, NC 28645
    View details
    Davidson Estate Lot Near Park
    $1,499,000
    3.74 Acres

    Davidson Estate Lot Near Park

    3.74-acre estate lot near downtown Davidson and Fisher Farm Park.

    21121 Shearer Rd, Davidson, NC 28036
    View details
    Lenoir Land Opportunity
    $40,000
    8.82 Acres

    Lenoir Land Opportunity

    8.82 acres of land in Lenoir, North Carolina.

    Collette Rdg Cir, Lenoir, NC 28645
    View details
    Cleared Land Ready to Build
    $64,900
    1.55 Acres

    Cleared Land Ready to Build

    1.55 acres, utilities installed, no HOA, build-ready land.

    5924 Adako Rd, Lenoir, NC 28645
    View details
    Hickory, NC Development Opportunity
    $175,000
    3.50 Acres

    Hickory, NC Development Opportunity

    Expansive wooded parcel in growing area, ideal for development.

    Catawba Valley Blvd SE, Hickory, NC 28601
    View details
    Lakefront Land Ready For Building
    $99,999
    1.18 Acres

    Lakefront Land Ready For Building

    Cleared 1.18 acre lot with lake frontage.

    193 Table Rock Trce NW, Valdese, NC 28690
    View details
    Buildable Lot in Lakeside Community
    $33,000
    0.61 Acres

    Buildable Lot in Lakeside Community

    Cleared 0.61-acre lot in Lake Rhodhiss Estates, Valdese, NC.

    234 E Settings Blvd NW, Valdese, NC 28609
    View details
    Lenoir Land with Mountain Views
    $139,000
    6.88 Acres

    Lenoir Land with Mountain Views

    6.88 acres with mountain views, spring, and utilities in place.

    2340 Twin Poplars Ln, Lenoir, NC 28645
    View details
    Land in Chestnut Mountain Farms
    $49,900
    11.72 Acres

    Land in Chestnut Mountain Farms

    11.72-acre lot with creek views and community amenities.

    Wheel Team Trl S, McGrady, NC 28649
    View details
    Residential Land in Lake Community
    Contact for pricing
    0.31 Acres

    Residential Land in Lake Community

    0.31-acre lot with community dock and mountain views.

    164 W Settings Blvd NW, Valdese, NC 28690
    View details
    Valdese Land with Community Amenities
    Contact for pricing
    0.50 Acres

    Valdese Land with Community Amenities

    Half-acre lot with lake access and mountain views.

    200 W Settings Blvd NW, Valdese, NC 28655
    View details
    Mineral Springs Mountain Land Parcel
    $34,500
    1.24 Acres

    Mineral Springs Mountain Land Parcel

    1.24 acre wooded lot with long-range views near Valdese.

    Methodist Park Rd, Valdese, NC 28690
    View details
    Lenoir Wooded Land For Sale
    $280,000
    36.05 Acres

    Lenoir Wooded Land For Sale

    35.7-acre wooded tract perfect for building a dream home.

    Duck Creek Rd, Lenoir, NC 28645
    View details
    Lenoir Land Parcel For Sale
    Contact for pricing
    2.59 Acres

    Lenoir Land Parcel For Sale

    2.59-acre land parcel in The Bluffs community.

    Narrow Gauge Dr, Lenoir, NC 28645
    View details
    Secluded Land with Equestrian Amenities
    Contact for pricing

    Secluded Land with Equestrian Amenities

    11.41 acres in gated community with trails and equestrian center.

    0000 Wheel Team Trl, McGrady, NC 28649
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    True North Realty
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    True North Realty
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!