Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tract 5 Highlands Gate Drive lot 5 Highlands, NC 27741

    View on Map
    Claim this Listing
    For Sale
    $89,000

    LAND - Highlands, NC

    Lot size:
    4.17 Acres
    Added:
    Oct 17, 2024
    Days on Market:
    560
    Last Refresh:
    Apr 29 at 5:06 am

    Property Features for Tract 5 Highlands Gate Drive lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7522186069
    Lot size
    4.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    490

    Utilities

    Water source
    Private

    We can help!

    Listing Contact
    Cole Fuhrman

    Listing agent Cole Fuhrman

    Listing office Christie's International Real Estate Highlands-Cashiers 210 N Fifth St, Highlands, NC

    Listing date Oct 17, 2024

    MLS# 106241 Listing URL

    Copyright © 2026 Highlands Cashiers 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.

    Overview

    Highlands NC Land with Views

    This 4.17-acre lot is located between Highlands and Cashiers, near the Cullasaja Gorge, within the gated Highlands Gate community. The property features a flat home site with potential mountain views. Water and electrical options are available within the community. It is located approximately 15 minutes from both Highlands and Franklin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Highlands
    County
    Macon
    State
    North Carolina
    Longitude
    -83.1968173
    Latitude
    35.0525909

    Nearby Similar for Sale

    • $3,300,000

      Highlands Land with Blue Valley Views

      34+/- acre property with long-range views near downtown Highlands.
      4431 Dillard Road, Highlands, NC 28741
      View Details
    • $2,100,000

      Prime Retail Space in Highlands

      Highly visible shop space near Main Street in Highlands, NC.
      221 N 4th Street, Highlands, NC 28741
      View Details
    • $150,000

      Highlands Land Parcel For Sale

      0.98 acre parcel suitable for various commercial uses.
      Dillard Road, Highlands, NC 28741
      View Details
    • $295,000

      Highlands Land with Large Garage

      One-acre property with open-air garage near Highlands, North Carolina.
      3816 Dillard Road, Highlands, NC 28741
      View Details
    • $895,000

      Ravenel Mountain Homesite Opportunity

      1.98-acre homesite in gated community near downtown Highlands.
      Ravenel Ridge Road lot: 10, Highlands, NC 28741
      View Details
    • $595,000

      Highlands Land with Blue Valley Views

      4.18-acre tract near Highlands Town Center with development potential.
      Kettle Rock Road, Highlands, NC 28741
      View Details
    • $699,999

      Highlands Land: Prime Estate Opportunity

      2.1-acre parcel near Main Street Highlands, ideal for a custom estate.
      30/31 Sherwood Forest Road lot: 30/31, Highlands, NC 28741
      View Details
    • $500,000

      Highlands, NC Land Opportunity

      2.04 acre tract with city water and sewer access.
      Franklin Road, Highlands, NC 28741
      View Details
    • $505,000

      Highlands NC Land For Sale

      2.86-acre lot in Highlands, city limits, no HOA.
      Bowery lot: 17, Highlands, NC 28741
      View Details
    • $495,000

      Homesite in Wildcat Cliffs

      Homesite with mountain views in Wildcat Cliffs Country Club.
      Willow Way lot: A, Highlands, NC 28741
      View Details
    • $125,000

      Highlands, NC Mountain Escape Lot

      0.93-acre lot near Highlands with community amenities.
      King Gap Road lot: 1, Highlands, NC 28741
      View Details
    • $250,000

      Highlands, NC Acreage with Views

      1.02 acre tract with lake views and city utilities.
      Franklin Rd, Highlands, NC 28741
      View Details

    FAQs

    What type of property is this?
    Land - 4.17 acre lot with mountain view potential near Highlands.
    Where is this land located?
    The property is located at Tract 5 Highlands Gate Drive lot 5 Highlands, NC.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Located in a gated, private community (Highlands Gate) between Highlands and Cashiers.; **4.17 acre lot with flat home site.**; **Great mountain views.**
    (843) 576-9653
    We can help!
    Listing Contact
    Cole Fuhrman
    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!