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    Lake Lure Building Site
    $50,000
    2.47 Acres

    Lake Lure Building Site

    Open, gently rolling 2.47-acre building site with stream.

    Laurel Lakes Pkwy, Lake Lure, NC 28746
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    Lake Lure Building Lot
    $80,000
    2.14 Acres

    Lake Lure Building Lot

    2.14 acre building lot with septic and well.

    Laurel Lakes Pkwy, Lake Lure, NC 28746
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    Lake Lure Mountain Home Lot
    $39,000
    3.05 Acres

    Lake Lure Mountain Home Lot

    3.05-acre lot in gated community near Lake Lure, NC.

    14 Spg Holw Rd, Lake Lure, NC 28746
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    Wooded Mountain Retreat Land
    $38,000
    0.12 Acres

    Wooded Mountain Retreat Land

    0.12-acre wooded property in Western North Carolina's gated community.

    66 Boone Cove Rd, Zirconia, NC 28790
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    Land in Gated Community
    $89,500
    1.90 Acres

    Land in Gated Community

    1.9-acre wooded lot with potential views in Chimney Rock.

    Cascada Vis Dr, Chimney Rock, NC 28720
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    Lake Lure Waterfront Lot
    $380,000
    0.60 Acres

    Lake Lure Waterfront Lot

    Waterfront lot in gated community with lake access.

    167 Firefly Pt, Lake Lure, NC 28746
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    Lake Lure Buildable Lot
    $50,000
    0.51 Acres

    Lake Lure Buildable Lot

    Buildable lot with lake access in Sunset Reserve community.

    Lure Ridge Dr, Lake Lure, NC 28746
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    Land in Yellowtop Mountain Estates
    $99,900
    9.22 Acres

    Land in Yellowtop Mountain Estates

    9.22 acre blank canvas in Yellowtop Mountain Estates.

    Brighton Dr, Bostic, NC 28018
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    Lake Lure Mountain View Lot
    $80,000
    0.60 Acres

    Lake Lure Mountain View Lot

    0.6 acre lot with mountain and lake views.

    Holmes Rd, Lake Lure, NC 28746
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    Wooded Lot in Vista Development
    Contact for pricing
    1.17 Acres

    Wooded Lot in Vista Development

    Wooded lot with flat building area and community amenities.

    Rock Ledge Dr, Lake Lure, NC 28746
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    Flat Lot in Weatherstone Neighborhood
    $35,000
    0.51 Acres

    Flat Lot in Weatherstone Neighborhood

    0.51 acre flat lot near Forest City, North Carolina.

    Weatherstone Dr, Forest City, NC 28043
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    Land Near Yellowtop Mountain Estates
    $499,900
    45.54 Acres

    Land Near Yellowtop Mountain Estates

    45.54 acres of land near Yellowtop Mountain Estates in Bostic.

    Brighton Dr, Bostic, NC 28018
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    Land on White Oak Mountain
    $33,500
    1.14 Acres

    Land on White Oak Mountain

    1+ acre corner lot with mountain views near Columbus, NC.

    Blockaders Den, Columbus, NC 28722
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    Lake Lure Mountain View Lot
    $44,500
    1.50 Acres

    Lake Lure Mountain View Lot

    1.5-acre mountain lot near Lake Lure with long-range views.

    Golden Ridge Dr, Lake Lure, NC 28746
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    Lake Lure Buildable Lot
    $50,000
    0.53 Acres

    Lake Lure Buildable Lot

    Buildable lot with Lake Lure access and community amenities.

    Lure Ridge Dr, Lake Lure, NC 28746
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    Spindale NC Wooded Land
    $69,900
    3.83 Acres

    Spindale NC Wooded Land

    3.83+/- acres of wooded land in Spindale, NC.

    Rutherford St, Spindale, NC 28160
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    Land in Spindale, North Carolina
    Contact for pricing
    1.76 Acres

    Land in Spindale, North Carolina

    1.76 acres of land ready for development.

    Ledbetter Rd, Spindale, NC 28160
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    Lake Lure Waterfront Lot
    $380,000
    2,400 SF

    Lake Lure Waterfront Lot

    Waterfront lot in gated community with lake access.

    167 Firefly Cv, Lake Lure, NC 28746
    View details

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    Weichert, Realtors Mountain Executives
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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
    Weichert, Realtors Mountain Executives
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