Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Blowing Rock View Lot Title is generated by Realmo AI

    5071 Little Mountain Drive, Blowing Rock, NC 28611

    View on Map
    Claim this Listing
    Pending
    $69,900

    LAND - Blowing Rock, NC

    Lot size:
    0.50 Acres
    Added:
    Apr 12, 2024
    Days on Market:
    771
    Last Refresh:
    May 22 at 3:06 am

    Property Features for 5071 Little Mountain Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Robert Novacek

    Listing agent Robert Novacek

    Listing office Blowing Rock Properties, Inc PO Box 2486, Blowing Rock, NC

    Listing date Apr 12, 2024

    MLS# 249011 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

    • Blowing Rock address in a gated community at an affordable price ($69,900).
    • Big view lot with long‑range views.
    • Ready to build: 3‑bedroom septic permit, newer survey, and partially cleared.
    • Located in Lost Creek, a 500‑acre community with old‑growth trees and creeks.
    • Borders National Forest.
    • Easy access to the Parkway.

    Overview

    Located in the gated Lost Creek community, this lot offers a Blowing Rock address. The property spans 0.504 acres and benefits from a current 3-bedroom septic permit. A newer survey is available, and the lot has been partially cleared, making it suitable for a cottage plan. Lost Creek is a 500-acre community featuring long-range views and old-growth trees, bordering National Forest. The community has creeks, a Property Owners Association, and well-developed road systems with both paved and gravel surfaces. The entrance is marked by stone columns with bronze signage and a gate. It provides easy access to the Parkway.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blowing Rock
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.7161
    Latitude
    35.9969

    Nearby Similar for Sale

    • $1,800,000
      1,740 SF

      Renovated Blowing Rock Multi-Unit Property

      Four-bedroom, four-bath property near downtown Blowing Rock.
      252 Sunset Dr, Blowing Rock, NC 28605
      View Details
    • $2,300,000

      Mountain Resort Cabins Investment Opportunity

      Six charming cabins near Blue Ridge Parkway with strong ROI potential.
      158 Alpine Village Drive, Blowing Rock, NC 28605
      View Details
    • $319,000

      Blowing Rock Ready-to-Build Lot

      Ready-to-build lot in desirable Mayview neighborhood, Blowing Rock.
      Wonderland Trail, Blowing Rock, NC 28605
      View Details
    • $265,000

      Blowing Rock Homesite with Mountain Views

      Premier homesite in gated community with mountain views.
      Thunderhill Trail, Blowing Rock, NC 28605
      View Details
    • $1,899,200

      Blowing Rock Development Tract

      47.48-acre development tract with layered gorge views.
      47.48 Acres Blowing Rock Boulevard, Blowing Rock, NC 28605
      View Details
    • $78,000

      Wooded Homesite in Sorrento Community

      One-acre homesite in Blowing Rock's Sorrento community.
      Highland Lakes Road lot: 23, Blowing Rock, NC 28605
      View Details
    • $60,000

      Blowing Rock 1.3 Acre Lot

      Gently sloping 1.3 acre lot in Friendly Mountain Acres.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $79,900

      Appalachian Ski Mountain Building Lot

      Ready-to-build lot near Blowing Rock with view potential.
      Ski Mountain Road, Blowing Rock, NC 28605
      View Details
    • $60,000

      Land in Friendly Mountain Acres

      Residential land in Blowing Rock, NC, with southern exposure.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $119,900

      Blowing Rock Ski Mountain Lot

      Land for sale near Appalachian Ski Mountain and Blowing Rock.
      Galax Circle Ext. lot: 63, Blowing Rock, NC 28605
      View Details
    • $150,000

      Blowing Rock Land in Firethorn

      0.97-acre wooded lot in gated community near Blue Ridge.
      405 Firethorn Trail, Blowing Rock, NC 28605
      View Details
    • $649,000
      2,032 SF

      Blowing Rock Commercial Condo For Sale

      2,032 SF commercial condo in the heart of Blowing Rock.
      1132 Main St, Blowing Rock, NC
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Gated community lot with septic permit near Parkway.
    Where is this residential land & home lot located?
    The property is located at 5071 Little Mountain Drive Blowing Rock, NC.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Blowing Rock address in a gated community at an affordable price ($69,900).; **Big view lot with long‑range views.**; Ready to build: 3‑bedroom septic permit, newer survey, and partially cleared.
    (828) 295-9200
    We can help!
    Listing Contact
    Robert Novacek
    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

    Thank You for Inquiry
    5071 Little Mountain Drive, Blowing Rock, NC 28611
    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!