Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pasture with Farmhouse Potential Title is generated by Realmo AI

    3630 US Highway 221 N, Jefferson, NC 28640

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Jefferson, NC

    Property size:
    1,400 SF
    Lot size:
    16.20 Acres
    Price / SF:
    $303/SF
    Added:
    Apr 11, 2026
    Days on Market:
    49
    Last Refresh:
    May 29 at 8:06 pm

    Property Features for 3630 US Highway 221 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    1,400 SF
    Lot size
    16.20 Acres

    We can help!

    Listing Contact
    Chris Barr

    Listing agent Chris Barr License #195338

    Listing office Realty One Group Results 19 E Ashe Street Suite B, Moravian Falls, NC

    Listing date Apr 11, 2026

    MLS# 261147 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.

    HighLights

    • Unrestricted 16.5 acres of rolling pasture with year‑round creek.
    • Conveniently located: 5 minutes to downtown Jefferson, 10 minutes to West Jefferson.
    • Over 550 feet of road frontage and versatile access.
    • Usable land cleared of underbrush, suitable for farming, recreation, or development.
    • Fixer‑upper farmhouse (4BR/2BA, 1,400+ sq ft) with renovation potential.
    • Classic barn for covered storage.

    Overview

    This property features just under 16.5 acres of rolling pasture, a year-round creek, and a fixer-upper farmhouse with four bedrooms and two bathrooms. The property consists of two parcels: a 1.68-acre homesite and approximately 14.5 acres of open, usable land. With over 550 feet of road frontage, the land offers versatile access, suitable for various uses. The landscape has been cleared of underbrush, creating a clean, ready-to-use space ideal for farming, recreation, or development. A barn without side walls provides covered storage for equipment or hay. The property is unrestricted, offering possibilities ranging from a private estate to a working farm or equestrian operation. The gently rolling terrain includes multiple building sites, with some offering long-range mountain views from the upper elevations. The farmhouse, with over 1,400 square feet, is ready for renovation and could serve as a guest house, rental, or primary residence with the addition of a well and updates. Located 5 minutes from downtown Jefferson and 10 minutes from West Jefferson, the property combines country living with close-to-town convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Grocery & Convenience Store Food Market Daycare Center Storage Facility Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.427635
    Latitude
    36.440025

    Nearby Similar for Sale

    • $475,000

      Equipped Restaurant/Retail Opportunity, Jefferson, NC

      Fully equipped restaurant/retail space in a high-visibility location.
      215 Long Street, Jefferson, NC 28640
      View Details
    • $369,999

      Turnkey Condo in Downtown

      Immaculate 2 bedroom, 2 bathroom condo in West Jefferson.
      215 S Jefferson Avenue #212, West Jefferson, NC 28694
      View Details
    • $257,000
      3,926 SF

      Two Commercial Buildings on Hwy

      Two commercial buildings with potential for various business uses.
      645/647 S Main Street, Jefferson, NC 28640
      View Details
    • $257,000
      3,926 SF

      Jefferson Warehouses on Highway 221

      Two commercial buildings with natural gas heaters on busy highway.
      645/647 S Main Street, Jefferson, NC 28640
      View Details

    FAQs

    What type of property is this?
    Farm - 16.5 acres with creek, farmhouse, unrestricted potential.
    Where is this farm located?
    The property is located at 3630 US Highway 221 N Jefferson, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Unrestricted 16.5 acres of rolling pasture with year‑round creek.; Conveniently located: 5 minutes to downtown Jefferson, 10 minutes to West Jefferson.; Over 550 feet of road frontage and versatile access.
    (336) 262-3111
    We can help!
    Listing Contact
    Chris Barr
    Real Estate License ID: 195338
    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
    3630 US Highway 221 N, Jefferson, NC 28640
    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!