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

    115 Scenic Ridge Drive Mooresboro, NC 28114

    View on Map
    For Sale
    $69,999

    LAND - Mooresboro, NC

    Lot size:
    3.48 Acres
    Added:
    Sep 7, 2025
    Days on Market:
    207
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 115 Scenic Ridge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    60315
    Lot size
    3.48 Acres

    Taxes and HOA fees

    TaxDescription
    #34PB31-99 BROAD RIVER HIGHLANDS PH1

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Cindy Hogston

    Listing agent Cindy Hogston License #136749

    Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC

    Listing date Sep 7, 2025

    MLS# 4300154

    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

    Land in Gated Community

    Located in Broad River Highlands, this 3.48-acre lot presents an opportunity to build a dream home within a gated community. Situated at the end of a private street, the property offers privacy and a wooded backdrop. Community amenities include river access, scenic walking trails, and a covered picnic shelter. The area is home to wildlife such as deer, turkey, and hawks. Conveniently located a short drive from dining, shopping, and entertainment, the property balances natural beauty with accessibility. The HOA's Restrictive Covenants do allow Off Frame Modulars. However, Manufactured Homes, including single-wide and doublewide homes, ARE NOT allowed per restrictive covenants.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mooresboro
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.7126
    Latitude
    35.2696

    Nearby Similar for Sale

    • $369,000

      40 Acres of Land in Mooresboro

      40-acre parcel with stream and trails in Mooresboro, NC.
      Island Ford Road, Mooresboro, NC 28114
      View Details
    • $90,000

      7-Acre Wooded Homesite in Mooresboro

      Buildable 7-acre wooded lot in a quiet residential area.
      0 Ferry Road, Mooresboro, NC 28114
      View Details
    • $69,900

      Land in Gated Community

      Two adjoining lots in Broad River Highlands community.
      114 River View Dr, Mooresboro, NC 28114
      View Details
    • $37,500

      Homesite in Gated Community

      1.03-acre lot in Broad River Highlands, Mooresboro, NC.
      116 River View Dr, Mooresboro, NC 28114
      View Details
    • $37,500

      Mooresboro Vacant Land Opportunity

      1.19+/- acre lot in Broad River Highlands.
      114 River View Dr, Mooresboro, NC 28114
      View Details
    • $76,000

      9.5+ Acres in Gated Community

      Wooded acreage in gated community with river access.
      142 Broad River Highlands Drive, Mooresboro, NC 28114
      View Details
    • $90,000

      Land in Mooresboro, NC

      Approximately 6 acres of land with frontage on Camp Creek.
      105 Grandon Drive, Mooresboro, NC 28114
      View Details
    • $28,750

      Two-Acre Lot in Mooresboro, NC

      2-acre lot with creek, partially cleared homesite near amenities.
      State Line Road lot: 10, Mooresboro, NC 28114
      View Details
    • $179,900

      Riverfront Land in Gated Community

      10.2+/- acre riverfront lot with unmatched privacy.
      Lot 3B Broad River Highlands Dr, Mooresboro, NC 28114
      View Details
    • $125,000

      Mooresboro Land Near Greenway Trails

      8.18 acres of land, ideal for mini/horse farm.
      2322 McCraw Road, Mooresboro, NC 28114
      View Details
    • $50,000

      Corner Lot in Mooresboro, NC

      2.56 acre corner lot suitable for country living.
      Painter Road lot: 5, Mooresboro, NC 28114
      View Details
    • $67,500

      Land in Gated Community

      Large lot with community amenities and Broad River access.
      105 Cranberry Lane unit: 80, Mooresboro, NC 28114
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.48-acre lot in Broad River Highlands, Mooresboro, NC.
    Where is this residential land & home lot located?
    The property is located at 115 Scenic Ridge Drive Mooresboro, NC.
    What is the asking price?
    The asking price for this property is $69,999.
    What are key features of this property?
    This property features: Expansive 3.48‑acre lot in Broad River Highlands, offering ample space for building your dream home.; Enjoy enhanced security and privacy within a gated community.; Community amenities include river access, scenic walking trails, and a covered picnic shelter.
    (704) 418-0738
    We can help!
    Listing Contact
    Cindy Hogston
    Real Estate License ID: 136749
    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!