Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Development Potential Title is generated by Realmo AI

    270 Cover Avenue, Andrews, NC 28901

    View on Map
    Claim this Listing
    For Sale
    $989,000

    Farm,Land - ANDREWS, NC

    Added:
    Nov 19, 2025
    Days on Market:
    183
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 270 Cover Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Barn, Fence
    Fencing
    Fenced
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Gayle Horton

    Listing agent Gayle Horton

    Listing office Nantahala Real Estate 17838 Wayah Road, Topton, NC

    Listing date Nov 19, 2025

    MLS# 154195 Listing URL

    Copyright © 2026 Mountain Lakes 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

    • 15+ acres of land with Valley River frontage
    • Unlimited development possibilities: commercial, residential, apartments, RV park
    • Beautiful mountain views
    • Current agricultural use
    • Located in the Town of Andrews
    • Includes barn and fencing

    Overview

    This property features over 15 acres of land in Andrews, North Carolina, currently utilized for agricultural purposes. The site presents possibilities for commercial development, residential development, apartments, or an RV park. The property offers mountain views and includes frontage on the Valley River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Andrews
    County
    Cherokee
    State
    North Carolina
    Longitude
    -83.8167
    Latitude
    35.1977

    Nearby Similar for Sale

    • $255,000
      2,440 SF

      Downtown Andrews Commercial Space

      Unique commercial space in downtown Andrews with flexible layout.
      992 Main Street, Andrews, NC 28902
      View Details
    • $399,800
      4,416 SF

      Live/Work Property Near Main Street

      2.37-acre property with cabin and industrial garage/warehouse.
      6785 Airport Road, ANDREWS, NC 28901
      View Details
    • $29,900

      Andrews, NC Vacant Lot

      0.61 acre vacant lot with mountain views in Andrews, NC.
      Lot 16 Warrior Way, Andrews, NC 28901
      View Details
    • $393,500
      1,680 SF

      Mountain Property with Two Homes

      Unique mountain property featuring two separate homes on 1.79 acres.
      477 Little Snowbird Trail, ANDREWS, NC 28901
      View Details
    • $700,000

      Large Acreage Near Andrews, NC

      135+/- acre tract near Andrews, NC with stream frontage.
      135.49ac Webb Creek Road, Andrews, NC 28901
      View Details
    • $259,000

      Historic Red Caboose Airbnb

      Refurbished 1935 red caboose on 2 acres of riverfront.
      45 Caboose Creek, ANDREWS, NC 28901
      View Details
    • $1,300,000

      Prime Commercial Land Opportunity

      20.76 acres of shovel-ready, riverfront commercial land.
      Main & Whitaker, ANDREWS, NC 28901
      View Details
    • $10,000

      Affordable Vacant Lot in Andrews

      0.86 acre lot near downtown Andrews, perfect for off-grid living.
      0.86 Ac Webb Creek Road, Andrews, NC 28901
      View Details
    • $30,000

      6.83 Acres Unrestricted Land

      Unrestricted 6.83 acre land near Andrews, North Carolina.
      6.83ac Webb Creek Road, Andrews, NC 28901
      View Details
    • $375,000
      1,215 SF

      Andrews NC Commercial Opportunity

      Charming property with income potential near Andrews, North Carolina.
      29/33/49 Breedlove Drive, ANDREWS, NC 28901
      View Details
    • $265,000

      Ready-to-Build Land in Andrews, NC

      23.19 acre build-ready land with water on site.
      465 Robinson, ANDREWS, NC 28901
      View Details
    • $59,900

      Andrews, NC Mountain Homesite

      2+ acre homesite with infrastructure in place.
      1441 Valley View Heights Lane lot: 3, ANDREWS, NC 28901
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15+ acres suitable for commercial or residential development.
    Where is this commercial land located?
    The property is located at 270 Cover Avenue Andrews, NC.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: 15+ acres of land with Valley River frontage; Unlimited development possibilities: commercial, residential, apartments, RV park; Beautiful mountain views
    (828) 321-3101
    We can help!
    Listing Contact
    Gayle Horton
    Real Estate License ID: 157274
    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
    270 Cover Avenue, ANDREWS, NC 28901
    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!