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

    34 Laurel Heights Mars Hill, NC 28753

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Mars Hill, NC

    Lot size:
    1.33 Acres
    Added:
    May 16, 2025
    Days on Market:
    342
    Last Refresh:
    Apr 22 at 1:06 am

    Property Features for 34 Laurel Heights

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9801-61-2010
    Lot size
    1.33 Acres

    Taxes and HOA fees

    Tax Description
    Lot 39 Big Laurel Mountain

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Collin O'Berry

    Listing agent Collin O'Berry License #274582

    Listing office Keller Williams Professionals 48 Grove St, asheville, NC

    Listing date May 16, 2025

    MLS# 4255410 Listing URL

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

    Overview

    Mars Hill Building Lot

    This 1.33-acre corner lot is located in the Big Laurel Mountain community of Madison County. The property features an easy build topography and a wooded setting. Underground electricity is located nearby. The community is experiencing new home construction. A minimum of 250 square feet is required to build, allowing for tiny houses. Manufactured homes are not permitted. Community amenities include a private park area along the Laurel River. The location provides access to Marshall, Asheville, and Mars Hill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mars Hill
    County
    Madison
    State
    North Carolina
    Longitude
    -82.6719
    Latitude
    35.9094

    Nearby Similar for Sale

    • $799,000

      Prime Interstate Visible Commercial Land

      2.25 acre commercial land with high interstate visibility.
      1672 Crossroads Parkway, Mars Hill, NC 28754
      View Details
    • $389,200

      Mars Hill Land For Sale

      55.598 acres of land in Madison County, North Carolina.
      Devils Knob Road, Mars Hill, NC 28754
      View Details
    • $60,000

      Mars Hill Land For Sale

      Residential land in Wolf Laurel gated community with mountain views.
      Fox Den Road, Mars Hill, NC 28754
      View Details
    • $433,200

      Mars Hill Development Land

      Development tract within Mars Hill city limits.
      S Main Street, Mars Hill, NC 28754
      View Details
    • $75,000

      Land in Mountain Meadows Community

      Land with lifestyle in a Green Built community.
      271 Amanda Drive, Mars Hill, NC 28754
      View Details
    • $885,000

      Mountain Land with Cabin and Yurt

      104-acre mountain property with cabin and yurt near Asheville.
      1710 Roaring Fork Road, Mars Hill, NC 28754
      View Details
    • $150,000

      Land with Mountain Views

      4.18-acre homesite with panoramic views in gated community.
      1617 Mountain Gait Drive, Mars Hill, NC 28754
      View Details
    • $75,000

      Mars Hill Estate Lot

      2.03 acre lot in Red Wolf Run community.
      Red Wolf Run Road, Mars Hill, NC 28754
      View Details
    • $24,000

      Land in Wolf Laurel Preserve

      3.58-acre lot with sunrise views in gated community.
      10 Mountain Gait Drive, Mars Hill, NC 28754
      View Details
    • $85,000

      Mountain Homesite with Panoramic Views

      2.45-acre homesite with mountain views, near hiking trails.
      17 Mountain Gait Drive, Mars Hill, NC 28754
      View Details
    • $75,000

      Land with Mountain Views

      1.73-acre homesite with panoramic views in gated community.
      16 Mountain Gait Drive, Mars Hill, NC 28754
      View Details
    • $500,000

      Mars Hill Commercial Land Available

      18.41+/- acres near I-26 and US-23, owner financing available.
      99999 US 23 Highway, Mars Hill, NC 28754
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot in Madison County with easy access to amenities.
    Where is this residential land & home lot located?
    The property is located at 34 Laurel Heights Mars Hill, 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: Priced below tax value, offering excellent value in Madison County.; Easy build topography and beautiful wooded setting on a corner lot.; Private park area along the Laurel River ideal for fly fishing.
    (828) 772-1667
    We can help!
    Listing Contact
    Collin O'Berry
    Real Estate License ID: 274582
    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!