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

    45 Happy Ridge Road Piney Creek, NC 28631

    View on Map
    New
    For Sale
    Contact for pricing

    Single Family Residence - Piney Creek, NC

    Type:Single Family Residence
    Lot size:
    0.45 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 45 Happy Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R1
    Standard status
    Active
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jim Logan
    Jim Logan

    Listing agent Jim Logan

    Listing office NorthGroup Real Estate 500 W 5th Street, Cornelius, NC

    Listing date Mar 26, 2026

    MLS# 1213517 Listing URL

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

    Overview

    Piney Creek Homesite with River Access

    Located in the River Pines / Legra’s River Country community near the New River, this homesite in Piney Creek, NC, offers a blend of mountain living and river lifestyle. The property includes New River access, suitable for kayaking, tubing, and fishing, along with a natural creek. Surrounded by established homes and supported by recent sales, this 0.45-acre lot is suited for a primary residence, vacation home, or investment property. The R1 zoning allows for single-family residential use. The location provides access to cool mountain air, star-filled skies, and outdoor recreation, with convenient access to nearby towns and the Blue Ridge Parkway. This property at 45 Happy Ridge Road, Piney Creek, NC 28631, offers a combination of water features, community appeal, and long-term value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Piney Creek
    County
    Alleghany
    State
    North Carolina
    Longitude
    -81.4342
    Latitude
    36.5447

    Nearby Similar for Sale

    • $24,900

      Land in Gated Community

      1.153 acre lot with shared well and septic permit.
      Lot #44 Prime Circle, Piney Creek, NC 28663
      View Details
    • $44,900

      Piney Creek Land with Septic

      1.04+/- acre lot with septic and shared well.
      Tbd (lot 80) Prime Circle, Piney Creek, NC 28663
      View Details
    • $16,000

      Wooded Lot in Gated Community

      1.39-acre building lot in the Blue Ridge Mountains.
      Lot 16 Woodlands Drive, Piney Creek, NC 28663
      View Details
    • $25,000

      Piney Creek Homesite with River Access

      0.45-acre homesite with New River access in Piney Creek, NC.
      45 Happy Ridge Road, Piney Creek, NC 28631
      View Details
    • $14,000

      Land in Deerwood Park Community

      1.01 acre building lot in gated mountain community.
      Lot#42 Isabelle Rose Way, Piney Creek, NC 28663
      View Details
    • $14,000

      Wooded Lot in Gated Community

      Wooded 0.577 acre lot in gated community near New River.
      Lot #9 Isabel Way, Piney Creek, NC 28663
      View Details
    • $84,900

      Unrestricted Land in Piney Creek

      3.5-acre property with septic and shared well in place.
      51 Peaceful Meadows, Piney Creek, NC 28663
      View Details
    • $18,000

      Piney Creek Building Lot

      Gently sloping lot near New River, ideal for recreation.
      Lot 45 Happyland Road, Piney Creek, NC 28631
      View Details
    • $29,900

      2.7 Acres in Gated Community

      2.7-acre homesite with creek, septic permit, and shared well.
      Lot 72,73 Prime Circle, Piney Creek, NC 28663
      View Details
    • $11,000

      Piney Creek Building Lot

      0.605 ac lot in gated community near New River.
      Lot #33 Georginia Way, Piney Creek, NC 28663
      View Details
    • $9,500

      Land in Two River Country

      0.63 acre lot in gated community with river access.
      Lot 17 Isabel Way, Piney Creek, NC 28663
      View Details
    • $12,500

      Level Land with River Access

      Half-acre lot in gated community near New River.
      Lot #22 Isabel Way, Piney Creek, NC 28663
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in Piney Creek with New River access.
    Where is this residential land & home lot located?
    The property is located at 45 Happy Ridge Road Piney Creek, 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: Highly sought‑after New River access for kayaking, tubing, and fishing.; Located in the desirable River Pines / Legra’s River Country community.; Natural creek on the property adds charm.
    (336) 466-6210
    We can help!
    Listing Contact
    Jim Logan
    Jim Logan
    Real Estate License ID: 282190
    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!