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

    239 Cross Vine Drive lot 239 Tuckasegee, NC 28783

    View on Map
    For Sale
    $200,000

    LAND - Tuckasegee, NC

    Lot size:
    2.28 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    222
    Last Refresh:
    Apr 7 at 2:06 am

    Property Features for 239 Cross Vine Drive lot 239

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7586-73-3571
    Lot size
    2.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LT 239 PH 2 BEAR LAKE RESERVE
    Tax Annual Amount
    950

    Utilities

    Water source
    Private
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    John Dotson

    Listing agent John Dotson License #125320

    Listing office Preferred Properties 108 Trillium Circle, NC

    Listing date Aug 29, 2025

    MLS# 1001767 Listing URL

    Copyright © 2026 Highlands Cashiers 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.

    Overview

    Land in Tuckasegee, North Carolina

    This 2.28-acre property is located in Tuckasegee, North Carolina, near Bear Lake Reserve. The land is situated less than 1.5 miles from the Lake Club and offers the potential for lake views with selective clearing. According to the listing, Bear Lake Reserve features vacation homes, activities, and views of the Blue Ridge Mountains, offering a lifestyle suitable for either a seasonal getaway or permanent residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Building Supply Department Store Food Market Grocery & Convenience Store Travel Agency Supermarket

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuckasegee
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.026
    Latitude
    35.2377

    Nearby Similar for Sale

    • $326,000

      Lakefront Homesite on Cedar Cliff

      2.22-acre lakefront homesite with utilities in place.
      134 Dars Lane lot: 7, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Land with Mountain Views

      Large lot with long-range mountain views in Waterdance community.
      Waterdance Drive lot: 85, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Land with Mountain Views

      Spacious 1.69-acre lot with long-range mountain views.
      Waterdance Drive lot: 85, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Mountain View Lot

      Spacious 1.25-acre lot with long-range mountain views.
      Waterdance Drive lot: 84, Tuckasegee, NC 28783
      View Details
    • $248,000

      Charming Farmhouse on .90 Acres

      Updated 2BD/1BA farmhouse with mountain views and rental potential.
      241 Canada Rd, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Mountain View Lot

      Spacious 1.25-acre lot with mountain views and community amenities.
      Waterdance Drive lot: 84, Tuckasegee, NC 28783
      View Details
    • $24,900

      Tuckasegee Land with Sunset Views

      7.17 acres with elevated west-facing views, ideal homesite.
      Stone Pillow Road lot: 14B, Tuckasegee, NC 28783
      View Details
    • $199,000

      Tuckasegee Lake Lot with Dock

      Lake lot with oversized boat dock ready for building.
      Dars Lane lot: 5, Tuckasegee, NC 28783
      View Details
    • $899,000

      Wolf Lake Waterfront Land Opportunity

      Rare 6.35-acre waterfront property on Wolf Lake, North Carolina.
      16C/16D Vess Owen Road, Tuckasegee, NC 28783
      View Details
    • $59,000

      Wooded Lot Near Cedar Cliff Lake

      1.53-acre wooded lot with lake access in Tuckasegee, NC.
      Bello Lago Ln. lot: 5, Tuckasegee, NC 28783
      View Details
    • $9,900

      Tranquil Wooded Lot in Tuckasegee

      1.84 acre lot with waterfall sounds near Neddie Creek.
      Crisscross Lane lot: 18, Tuckasegee, NC 28783
      View Details
    • $43,700

      Land with Wolf Lake View

      Unrestricted 1.69-acre land with views of Wolf Lake.
      Vess Owen Road, Tuckasegee, NC 28783
      View Details

    FAQs

    What type of property is this?
    Land - 2.28 acres of recreational land near Bear Lake Reserve.
    Where is this land located?
    The property is located at 239 Cross Vine Drive lot 239 Tuckasegee, NC.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Sweeping Blue Ridge Mountain views; Less than 1.5 miles to Lake Club; Lakefront property with endless activities
    (828) 421-7325
    We can help!
    Listing Contact
    John Dotson
    Real Estate License ID: 125320
    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!