Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot Near Folk School Title is generated by Realmo AI

    1ac Green Cove Road, Brasstown, NC 28902

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant Lot - Brasstown, NC

    Lot size:
    1.09 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    142
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 1ac Green Cove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    552000566518
    Lot size
    1.09 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William Banzhaf

    Listing agent William Banzhaf

    Listing office Mountain Place Realty 11 Overview Drive, Suite 102, Blue Ridge, NC

    Listing date Dec 31, 2025

    MLS# 406645 Listing URL

    Copyright © 2026 Northeast Georgia Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One acre+ wooded lot ready for building your dream home.
    • Located between Murphy & Hayesville, offering convenient access to both towns.
    • Close proximity to John Campbell Folk School.
    • Easy access to shops and restaurants.
    • Convenient access to Valley River Casino.
    • Situated in a small, quiet, wooded community.

    Overview

    This is a 1.09-acre wooded lot suitable for residential use. Located in a quiet community, the property is situated close to the John Campbell Folk School. The lot is located halfway between Murphy and Hayesville, providing convenient access to shops, restaurants, and the Valley River Casino. The property is located in Brasstown, Clay County, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Hotel & Motel Skin Care Clinic Bar & Pub Cafe & Coffee Shop Acupuncture Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Brasstown
    County
    Clay
    State
    North Carolina
    Longitude
    -83.9526825
    Latitude
    35.0381652

    Nearby Similar for Sale

    • $27,000

      Brasstown Vacant Land Opportunity

      3.59 acres in Laurel Mountain Estates, Brasstown, North Carolina.
      Lot 16 Laurel Mountain, Brasstown, NC 28902
      View Details
    • $30,000

      Brasstown, NC Vacant Mountain Lot

      Private 1.46-acre mountain lot in Brasstown, North Carolina.
      Lot25 Laurel Mountain Drive, Brasstown, NC 28902
      View Details
    • $55,000

      Brasstown Vacant Land with Views

      3-acre unrestricted Brasstown property with privacy and excellent views.
      1982 Pinelog Church Road, Brasstown, NC 28902
      View Details
    • $145,000

      Brasstown Acreage with Mountain Views

      5.74 acres with well, septic, power, and internet.
      12 Daisy Drive, Brasstown, NC 28902
      View Details
    • $29,000

      Brasstown, NC Vacant Lot

      Vacant lot in gated community with river access.
      Lot 10 Trillium Heights, Brasstown, NC 28902
      View Details
    • $145,000

      Brasstown, NC Vacant Lot

      5.74 acre vacant lot with mountain views and utilities.
      12 Daisy Drive, Brasstown, NC 28902
      View Details
    • $720,000

      Brasstown, NC Vacant Lot

      Commercial or residential property on a main highway in Brasstown.
      5822 US Hwy 64 W, Brasstown, NC 28902
      View Details
    • $34,900

      Creek Front Lot in Brasstown

      1.27 acre lot near Gumlog Creek in western North Carolina.
      Lot 13 Creekside Acres, Brasstown, NC 28902
      View Details
    • $24,900

      Brasstown, NC Wooded Lot

      One acre wooded lot ready for your dream home.
      1ac Bruce Wike Lane, Brasstown, NC 28902
      View Details
    • $29,900

      Brasstown, NC Wooded Lot

      Wooded lot in gated community with mountain views.
      Lot 4a Trillium Heights, Brasstown, NC 28902
      View Details
    • $30,000

      Brasstown Vacant Lot with View

      Spacious lot with seasonal mountain view in gated community.
      Lot 13 The Preserve at Beach Mountain, Brasstown, NC 28902
      View Details
    • $25,900

      Brasstown, NC Vacant Lot

      1.56 acre vacant lot in gated mountain subdivision.
      Lot 7 Trillium Heights, Brasstown, NC 28902
      View Details

    FAQs

    What type of property is this?
    Land - One acre wooded lot ready for a dream home.
    Where is this land located?
    The property is located at 1ac Green Cove Road Brasstown, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: One acre+ wooded lot ready for building your dream home.; Located between Murphy & Hayesville, offering convenient access to both towns.; Close proximity to John Campbell Folk School.
    (706) 851-5865
    We can help!
    Listing Contact
    William Banzhaf
    Real Estate License ID: 307421
    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

    Thank You for Inquiry
    1ac Green Cove Road, Brasstown, NC 28902
    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!