Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    001 Shoal Pond Cove Burnsville, NC 28714

    View on Map
    For Sale
    Under Contract
    $875,000

    LAND - Burnsville, NC

    Lot size:
    45.15 Acres
    Added:
    Mar 14, 2024
    Days on Market:
    750
    Last Refresh:
    Apr 2 at 11:06 pm

    Property Features for 001 Shoal Pond Cove

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    083002875607000,08302875341000,083002874116000
    Lot size
    45.15 Acres

    Taxes and HOA fees

    TaxDescription
    per legal descriptions in Yancey County Deed Registry

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Wanda Proffitt

    Listing agent Wanda Proffitt License #30603

    Listing office Carolina Mountain Realty, Inc. 423 West US Highway 19E ByPass, NC

    Listing date Mar 14, 2024

    MLS# 4117891

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burnsville Land with Pond & Pavilion

    This 45.15-acre property features a pond with an engineered dam and a covered pavilion. The land includes roadways and electric throughout, with spur roads leading to homesites ready for building. The location offers views looking south to Mt. Celo and the Black Mountain Range. The property fronts on a state road for easy access and is located approximately 3 miles from downtown Burnsville. The current restrictive covenants expire in 2025 or can be changed. The property is suitable for personal investment or development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Yancey
    State
    North Carolina
    Longitude
    -82.2975
    Latitude
    35.8703

    Nearby Similar for Sale

    • $699,999

      Multi-Use Suite Complex For Sale

      Multi-use suite complex in Celo Community, Yancey County.
      4188 State Hwy 80 S, Burnsville, NC 28714
      View Details
    • $995,000

      Prime Downtown Burnsville Commercial Property

      High-visibility commercial building on 0.85 acres in downtown Burnsville.
      506 W Main Street, Burnsville, NC 28714
      View Details
    • $675,000

      Commercial Property with Auto Service

      4.28 acres with tire shop on US Highway 19.
      23 Lana Lane, Burnsville, NC 28714
      View Details
    • $799,000

      Versatile Land with Mountain Views

      14.52 acres with hanger/building, suitable for various uses.
      124 Shootout Lane, Burnsville, NC 28714
      View Details
    • $61,000

      Homesite in Gated River Community

      1.95-acre homesite with amenities near Toe River.
      High Peak Drive unit: 16, Burnsville, NC 28740
      View Details
    • $199,000

      Highway Frontage Commercial Land Parcel

      Two-acre commercial parcel with highway frontage and versatile use potential.
      6045 US 19E Highway, Burnsville, NC 28714
      View Details
    • $799,000

      Main Street Commercial/Residential Property

      Renovated two-story building with retail and residential spaces.
      112 W Main Street, Burnsville, NC 28714
      View Details
    • $99,900

      Celo Mountain Homesite Opportunity

      6.01-acre homesite with septic approval and winter mountain views.
      Hickory Springs Road lot: 7B, Burnsville, NC 28714
      View Details
    • $720,000
      5,000 SF

      Burnsville Warehouse, Retail, Office Space

      5000 SF warehouse, retail, or office space in Burnsville.
      722 E Main Street, Burnsville, NC 28714
      View Details
    • $45,000

      Buildable Lot with Mountain Views

      1.91 acre lot in gated community near Appalachian Trail.
      Pearl Way unit: 12, Burnsville, NC 28714
      View Details
    • $135,000

      Mountain Land in Burnsville, NC

      14+ acres of mountain land perfect for cabin or homestead.
      Bee Branch Road, Burnsville, NC 28714
      View Details
    • $44,995

      Ready-to-Build Lot Near Downtown

      Eastward-facing lot near downtown Burnsville, perfect for building a dream home.
      Riverside Hills Road unit: 9, Burnsville, NC 28714
      View Details

    FAQs

    What type of property is this?
    Land - 45.15 acres with pond, pavilion, electric, and mountain views.
    Where is this land located?
    The property is located at 001 Shoal Pond Cove Burnsville, NC.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 45.15 acres with STUNNING VIEWS of Mt. Celo and Black Mountain Range.; Bucolic pond with engineered dam and covered pavilion.; Seasoned roadways and electric throughout the property, with spur roads to prime homesites.
    (828) 284-0234
    We can help!
    Listing Contact
    Wanda Proffitt
    Real Estate License ID: 30603
    Learn More
    Request Owner's contact information
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!