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

    3308 Valley Drive Lenoir, NC 28645

    View on Map
    New
    For Sale
    $95,000

    Land - Lenoir, NC

    Lot size:
    20.72 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 3308 Valley Drive

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Eastridge
    Lori Eastridge

    Listing agent Lori Eastridge

    Listing office EXP Realty LLC 10130 Perimeter Parkway, Charlotte, NC

    Listing date Apr 1, 2026

    MLS# 260268 Listing URL

    Copyright © 2026 High Country Association 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

    20-Acre Wooded Retreat in Lenoir

    This approximately 20-acre wooded property is located within a gated community, about 2 miles from the entrance. A mountain stream meanders through the land, creating potential homesites and areas for recreation. The terrain includes mountain character, gently sloped areas, and open sections. A road bed is already in place. The property is suitable for a vacation escape or a full-time home with a minimum of 1,000 sq. ft. The HOA maintains the gravel roads. Short-term rentals are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.450294
    Latitude
    36.006175

    Nearby Similar for Sale

    • $500,000

      Lenoir Office Building For Sale

      Prime office building in Lenoir's thriving business district.
      420 Harper Avenue NW, Lenoir, NC 28645
      View Details
    • $1,600,000

      Lenoir Multifamily Investment Opportunity

      16-unit multifamily property in Lenoir, NC with cash flow.
      3354 Clay Apartments Court, Lenoir, NC 28645
      View Details
    • $25,000

      Residential Land in Lenoir, NC

      Homesite in a welcoming foothills community, ready for your new home.
      434 Arlington Circle NW, Lenoir, NC 28645
      View Details
    • $18,500

      Wooded Land Near Blowing Rock

      4.37-acre wooded lot with river access and mountain view potential.
      Lot 530 Roca Vista Drive, Lenoir, NC 28645
      View Details
    • $110,000

      Wooded Homesite in Gated Community

      2.5 acre homesite in The Coves Mountain River Club.
      913 High Valley Way unit: 913, Lenoir, NC 28645
      View Details
    • $59,900

      Residential Land in Gated Community

      2.32 acre lot in The Coves Mountain River Club.
      Round Mountain Parkway unit: 42, Lenoir, NC 28645
      View Details
    • $160,000

      Land in Amenity-Rich Community

      Land with mountain views and community amenities near Blowing Rock.
      Lot 372 Table View Lane, Lenoir, NC 28645
      View Details
    • $99,900

      Gently Sloped Mountain Homesite

      3.5 acre homesite in premier gated mountain community.
      2095 Hitching Post Trail unit: G45, Lenoir, NC 28645
      View Details
    • $320,000

      Lenoir Multifamily Income Property

      Income-producing four-unit property with recent updates and flexible leases.
      1101 College Avenue SW, Lenoir, NC 28645
      View Details
    • $44,000

      Lenoir Land with Mountain Views

      10+ acre lot near Blowing Rock with creek access.
      531 Roca Vista Drive, Lenoir, NC 28645
      View Details
    • $289,900

      Riverfront Land in Gated Community

      11+ acres on Johns River with community amenities.
      6129 Painted Ridge Trail lot: 739, Lenoir, NC 28645
      View Details
    • $155,000

      Mountain View Land in Lenoir

      4.52-acre lot with mountain views in The Coves.
      1234 Johns Ridge Parkway unit: 204De, Lenoir, NC 28645
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private, peaceful 20-acre wooded land with mountain stream.
    Where is this residential land & home lot located?
    The property is located at 3308 Valley Drive Lenoir, NC.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: ±20‑acre wooded retreat offering privacy within a gated community.; Mountain stream winds through the property, creating scenic backdrops.; Gently sloped and open sections suitable for building, alongside mountain character terrain.
    (828) 773-2080
    We can help!
    Listing Contact
    Lori Eastridge
    Lori Eastridge
    Real Estate License ID: 301769
    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!