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

    7935 Eric Crane Drive Catawba, NC 28609

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $70,000

    LAND - Catawba, NC

    Lot size:
    2.05 Acres
    Added:
    Jan 17, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 18 at 6:06 am

    Property Features for 7935 Eric Crane Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    4700028652870000
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Description
    LOT 92 92 PL64-33 SUMMIT LK NORM PL 64-33

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Wojtek Lachowski

    Listing agent Wojtek Lachowski License #106345

    Listing office EXP Realty LLC 10130 Perimeter Parkway Suite 200, Charlotte, NC

    Listing date Jan 17, 2026

    MLS# 4337486 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

    Catawba, NC Residential Land

    This 2.05-acre property is located in Catawba, Catawba County, North Carolina. Situated at the end of a cul-de-sac and easily accessible from Eric Crane Dr, the lot is zoned for Single-Family Residential use and managed by an HOA. Electricity is available in the area, with an electrical distribution box located near the center of the property line. The community is near Lake Norman, offering a serene and scenic environment. The region features parks and nature trails, ideal for outdoor activities like hiking and biking. This property presents an opportunity to build a custom home in a peaceful setting, conveniently located near various amenities and outdoor recreational opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Catawba
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.0375
    Latitude
    35.6752

    Nearby Similar for Sale

    • $135,000

      Prime Catawba County Acreage

      8.31 acres in a rapidly growing area.
      4876 E Nc 10 Highway, Catawba, NC 28609
      View Details
    • $99,997

      Homesite in The Summit

      Homesite in Lake Norman community with waterfront park access.
      391 Hopewell Church Road, Catawba, NC 28609
      View Details
    • $74,900

      Residential Land in Growing Community

      0.82-acre homesite with water access in Long Bay community.
      7710 Long Bay Parkway, Catawba, NC 28609
      View Details
    • $459,700

      Prime Land Near Downtown Catawba

      17.87 acres near downtown Catawba with road frontage.
      N Main Street, Catawba, NC 28609
      View Details
    • $100,000

      Wooded Acreage Build Opportunity

      One acre of wooded land in Catawba, North Carolina.
      1467 Graycrest Drive, Catawba, NC 28609
      View Details
    • $79,900

      Wooded Lot with Lake Access

      0.95 acre lot with lake access near Charlotte.
      1222 Cartwright Drive, Catawba, NC 28609
      View Details
    • $350,000

      Wooded Land Near Long Island

      10.15-acre wooded property near Long Island Marina.
      500 Hopewell Church Road, Catawba, NC 28609
      View Details
    • $45,000

      Residential Wood-Lot in Catawba, NC

      Wooded lot in established community, near water access.
      7733 Long Bay Parkway, Catawba, NC 28609
      View Details
    • $975,000

      Waterfront Land in Gated Community

      6.07-acre waterfront lot with lake access in Catawba, NC.
      4446 Mirror Lake Drive, Catawba, NC 28609
      View Details
    • $85,000

      Cleared Lot in Catawba, NC

      Cleared 0.46-acre lot, ideal build site, no HOA.
      107 4th Street SE, Catawba, NC 28609
      View Details
    • $50,000

      Wooded Lot in Quiet Community

      Wooded lot in Catawba, NC, near public boat ramp.
      7725 Long Bay Parkway, Catawba, NC 28609
      View Details
    • $49,000

      Catawba Homesite in Longbay Subdivision

      Wooded cul-de-sac lot near Lake Norman for custom home.
      1643 Parkside Drive, Catawba, NC 28609
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.05-acre residential lot in Catawba, near Lake Norman.
    Where is this residential land & home lot located?
    The property is located at 7935 Eric Crane Drive Catawba, NC.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Large 2.05‑acre lot in Catawba, NC – ample space to build your custom home.; Located near Lake Norman, providing access to water activities and scenic views.; Situated at the end of a cul‑de‑sac, ensuring privacy and reduced traffic.
    (704) 806-0187
    We can help!
    Listing Contact
    Wojtek Lachowski
    Real Estate License ID: 106345
    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!