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

    119 123 127 Randolph Avenue Black Mountain, NC 28711

    View on Map
    For Sale
    $350,000

    Land, Other - Black Mountain, NC

    Lot size:
    0.93 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    139
    Last Refresh:
    Mar 31 at 4:06 pm

    Property Features for 119 123 127 Randolph Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Thomas
    Brad Thomas

    Listing agent Brad Thomas License #305463,PersonLicenseNumber

    Listing office NextHome Partners 35 B Montford Ave, NC

    Listing date Nov 12, 2025

    MLS# 4316569 Listing URL

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

    Overview

    Black Mountain Buildable Lots Package

    This is an opportunity to own three buildable lots near Black Mountain, North Carolina. The cleared lots offer potential for single-family homes or residential duplex construction, subject to buyer verification. City water and sewer are available. The lots are situated close to shopping, dining, and local amenities. The lots are being sold together as one package. The total lot size is 0.93 acres. Black Mountain is known for its arts and music scene, walkable downtown, and community atmosphere.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.31707
    Latitude
    35.6071358

    Nearby Similar for Sale

    • $495,000

      Black Mountain Commercial Land For Sale

      0.30-acre site at the entrance to downtown Black Mountain.
      11 Terry Estate Drive, Black Mountain, NC 28711
      View Details
    • $1,000,000

      Black Mountain Investment Opportunity

      Income-producing properties with redevelopment potential in Black Mountain, NC.
      2968 US 70 Highway, Black Mountain, NC 28711
      View Details
    • $850,000

      Two Homes in Black Mountain

      Two homes on one property, ideal for multi-generational living.
      416 S Cherokee Avenue, Black Mountain, NC 28711
      View Details
    • $55,000

      Laurel Ridge Mountain View Lot

      1.1-acre lot in gated community near Black Mountain.
      Acacia Court unit: 936, Black Mountain, NC 28711
      View Details
    • $975,000

      Secluded Acreage Near Chimney Rock

      123+ acre parcel offers seclusion and recreation.
      2726 Lower Flat Creek Road, Black Mountain, NC 28711
      View Details
    • $28,900

      Land in Black Mountain, NC

      Homesite with long-range views near downtown Black Mountain.
      31 Old Lafayette Lane unit: 22, Black Mountain, NC 28711
      View Details
    • $985,000
      4,700 SF

      Black Mountain Investment Opportunity

      Highway business zoned property near downtown Black Mountain.
      508 W State Street, Black Mountain, NC 28711
      View Details
    • $88,000

      Black Mountain Homesite Opportunity

      Homesite in Black Mountain, build your dream mountain home.
      5 Crockett Ridge Road unit: 179, Black Mountain, NC 28711
      View Details
    • $265,000

      Black Mountain Land Opportunity

      0.51-acre parcel in the heart of Black Mountain, NC.
      109 W College Street, Black Mountain, NC 28711
      View Details
    • $9,999

      Land in Creston Community

      1.62 acre lot in gated mountain community near Asheville.
      144 Galax Drive, Black Mountain, NC 28711
      View Details
    • $55,000

      Black Mountain Homesite with Mountain Views

      Homesite in gated community with winter mountain vistas.
      75 Cottage Settings Lane, Black Mountain, NC 28711
      View Details
    • $200,000

      Black Mountain Land For Sale

      0.42 acre lot near Lake Tomahawk and downtown.
      226 Mount Allen Heights, Black Mountain, NC 28711
      View Details

    FAQs

    What type of property is this?
    Land - Three cleared, buildable lots near Black Mountain's vibrant downtown.
    Where is this land located?
    The property is located at 119 123 127 Randolph Avenue Black Mountain, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Three buildable lots in a desirable location near Black Mountain, NC.; Convenient access to city water and sewer.; Cleared lots save on initial development costs and time.
    (828) 620-1199
    We can help!
    Listing Contact
    Brad Thomas
    Brad Thomas
    Real Estate License ID: 305463,PersonLicenseNumber
    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!