Sign Up Successful!
You now have access to more from Realmo!
    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

    Balls Mill Rd North Wilkesboro, NC 28659

    Sponsored
    For Sale
    $90,000

    Unimproved Land - North Wilkesboro, NC

    Type:Unimproved Land
    Lot size:
    9.70 Acres
    Days on Market:
    36
    Last Refresh:
    Feb 3 at 3:06 am

    Property Features for Balls Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    R1
    Lot size
    9.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andy Benesh

    Blair Properties, LLC (336) 667-7355

    Listing agent Andy Benesh (336) 667-7355

    Listing date Dec 30, 2025

    MLS# 1184667 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.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land Near Highway 115

    This property features 9.7 acres of unrestricted land. The wooded property contains mature timber, offering privacy and natural beauty. A driveway has been started, leading to a flat area near the top of the property. Located less than 2 miles from Hwy 115 and just outside city limits, the property provides access to town. The land is suitable for building a home or for investment purposes. The driveway starts at the corner of the property that connects to Balls Mill Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    North Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.076294
    Latitude
    36.103324

    Nearby Similar for Sale

    • $945,000
      26,000 SF

      Versatile Commercial Property on Highway 268

      26,000+ sq ft commercial property with warehouse and office space.
      1328 Elkin Hwy 268, North Wilkesboro, NC 28659
      View Details
    • $448,000
      1.46 Acres

      Commercial Property on Highway 268E

      Former bank building with drive-thru on 1.46 acres.
      211 Elkin Hwy, North Wilkesboro, NC 28659
      View Details
    • $1,100,000

      Commercial Buildings on Large Lot

      Two commercial buildings with high traffic flow in North Wilkesboro.
      119 Old Brickyard Rd, North Wilkesboro, NC 28659
      View Details
    • $69,000

      North Wilkesboro Retail/Office Opportunity

      Building suitable for retail or office space in North Wilkesboro.
      645 Boone Trl, North Wilkesboro, NC 28659
      View Details
    • $295,000
      4.00 Acres

      Versatile Property Near Wilkesboro, NC

      Adaptable building near hospital with redevelopment potential on 4 acres.
      83 Boone Trl, North Wilkesboro, NC 28659
      View Details
    • $799,000
      0.70 Acres

      North Wilkesboro Quadruplex Investment

      Quadruplex near schools and Blue Ridge Parkway, great investment opportunity.
      617 John Mcgrady Rd, North Wilkesboro, NC 28659
      View Details
    • $749,900
      39.03 Acres

      Organic Farm in North Wilkesboro

      Pristine 40-acre organic family farm with fertile soil.
      3450 Sparta Rd, North Wilkesboro, NC 28659
      View Details
    • $489,000

      North Wilkesboro Commercial Opportunity

      Well-maintained building suitable for restaurant, retail, or office use.
      228 Sparta Rd, North Wilkesboro, NC 28659
      View Details
    • $400,000
      1.24 Acres

      North Wilkesboro Quadruplex on Acreage

      Four-unit apartment building on 1.24 acres near Downtown.
      356 Tindall Dr, North Wilkesboro, NC 28659
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in high-traffic area at Hwy 18/268.
      Tbd Sparta Rd, North Wilkesboro, NC 28659
      View Details
    • $850,000

      Storage Units For Sale

      90+ storage units available in a great location.
      204 Vance St, North Wilkesboro, NC 28659
      View Details
    • $750,000
      11.00 Acres

      North Wilkesboro Apartment Redevelopment

      11-acre development site, 84-unit approval.
      219 Sparta Rd, North Wilkesboro, NC 28659
      View Details

    FAQs

    What type of property is this?
    Land - 9.7 acres of unrestricted land near Hwy 115.
    Where is this land located?
    The property is located at Balls Mill Rd North Wilkesboro, NC.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - 9.7 acres of unrestricted land offer endless possibilities.; - Less than 2 miles from Hwy 115 for convenient access.; - Beautiful wooded property with mature timber provides a serene setting.
    (336) 428-8733
    Request Owner's contact information
    Balls Mill Rd North Wilkesboro, NC 28659
    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.
    Balls Mill Rd
    North Wilkesboro, NC 28659
    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
    Balls Mill Rd North Wilkesboro, NC 28659
    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

    We can help!
    Listing Contact
    Andy Benesh
    (336) 428-8733
    Learn more
    Google sign-in failed. Please try again or use another login method.