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    Fairview Forest Land Opportunity Title is generated by Realmo AI

    99999 Fairview Forest Drive, Fairview, NC 28730

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    For Sale
    $170,000

    LAND - Fairview, NC

    Lot size:
    4.45 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    87
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 99999 Fairview Forest Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OU
    Standard status
    Active
    APN
    9687-62-7665-00000
    Lot size
    4.45 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE:12/01/2006 DEED:4326-0075 LOT:A PLAT:0150-0112

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Chris Herndon
    Chris Herndon

    Listing agent Chris Herndon

    Listing office Ivester Jackson Blackstream 18 South Pack Square, Cornelius, NC

    Listing date Feb 19, 2026

    MLS# 4343011 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.

    HighLights

    • Two adjacent parcels totaling 4.45 acres with multiple building sites.
    • Located in Fairview Forest, a premier 700‑acre private mountain retreat.
    • Conveniently located 20 minutes from downtown Asheville and the Biltmore Estate.
    • Potential for two separate single‑family homes with guest houses.
    • Long‑term rental opportunities are permitted.
    • Preliminary soil evaluation indicates multiple homesites.

    Overview

    Located in Fairview Forest, this property features two adjacent, gently sloping wooded parcels totaling 4.45 acres. The property is near the community entrance, providing ease of access. The topography allows for multiple building sites, offering flexibility for future plans. The layout allows for two separate single-family homes, one on each parcel, each with the potential for a guest house or accessory dwelling. All location and home designs are subject to HOA approval. A soil scientist has evaluated the property, and preliminary evaluation shows multiple homesites. The mild slope reduces the complexity and cost associated with mountain construction. The natural setting is covered in hardwoods, mountain laurel, and rhododendron. The property is located 20 minutes from downtown Asheville and the Biltmore Estate, and 10 minutes from the Blue Ridge Parkway. Short-term rentals are not permitted; however, an owner may build long-term rental or investment property with 6+ month leases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.4072795
    Latitude
    35.5511661

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    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent parcels totaling 4.45 acres in Fairview, NC.
    Where is this residential land & home lot located?
    The property is located at 99999 Fairview Forest Drive Fairview, NC.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Two adjacent parcels totaling 4.45 acres with multiple building sites.; Located in Fairview Forest, a premier 700‑acre private mountain retreat.; Conveniently located 20 minutes from downtown Asheville and the Biltmore Estate.
    (828) 301-4206
    We can help!
    Listing Contact
    Chris Herndon
    Chris Herndon
    Learn More
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    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
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