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

    High Rock View Drive Canton, NC 28716

    View on Map
    For Sale
    $162,000

    LAND - Canton, NC

    Lot size:
    10.10 Acres
    Added:
    Sep 28, 2023
    Days on Market:
    917
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for High Rock View Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    8677-57-6511
    Lot size
    10.10 Acres

    Taxes and HOA fees

    TaxDescription
    #37 THE SUMMIT OF ASHEVILLE

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Jordan Stepansky
    Jordan Stepansky

    Listing agent Jordan Stepansky License #305565

    Listing office Keller Williams Great Smokies 38 North Main Street, Waynesville, NC

    Listing date Sep 28, 2023

    MLS# 4073643 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

    Canton Land with Mountain Views

    This 10.10-acre parcel is located in the gated community of The Summit of Asheville. The property features year-round, long-range mountain views. Underground power and fiber internet are available. The lot is suitable for a seasonal or year-round residence. A driveway with culvert and landing are already in place. The community features a garden and is abundant with wildlife. It is located 20 minutes from downtown Asheville and 25 minutes from Waynesville, with I-40 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Canton
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.782
    Latitude
    35.552

    Nearby Similar for Sale

    • $2,699,000
      4,300 SF

      Restaurant and Retail Space Available

      Restaurant with retail shop and unfinished basement for sale.
      6306 Pigeon Rd, Canton, NC, NC 28716
      View Details
    • $69,000

      Scenic Mountain View Lot

      0.45-acre sloped lot with mountain views in Canton, NC.
      131 Skyline Drive unit: 31, Canton, NC 28716
      View Details
    • $70,000

      Cleared Lot with Mountain Views

      1.52-acre lot ready for your dream mountain escape.
      300 Shining Rock Dr, Canton, NC 28716
      View Details
    • $3,000,000

      29 Acres of Mountain View Land

      29+ acres of land with mountain views near downtown Canton.
      74 Buckeye Cove Road, Canton, NC 28716
      View Details
    • $145,000

      Buildable Homesite in Springdale Community

      Flat, buildable 0.43-acre lot with mountain views and community amenities.
      1345 Country Club Drive, Canton, NC 28716
      View Details
    • $990,000
      10,040 SF

      Downtown Canton Two-Story Building

      10,000+ sq ft building suitable for restaurant, venue, or church.
      339 Park Street, Canton, NC 28716
      View Details
    • $139,000

      Land with Lake and Mountain Views

      Wooded lot with views in gated community near Waynesville.
      Blue Vista Road, Canton, NC 28716
      View Details
    • $293,000

      Canton Land with Mountain Views

      15+ acres with southern exposure and panoramic mountain views.
      1505 Summit View Dr, Canton, NC 28716
      View Details
    • $330,000

      Canton, NC: 4.75 Acre Land

      4.75 acres in Canton, NC with development potential.
      284 Northridge Drive, Canton, NC 28716
      View Details
    • $59,000

      Unrestricted Land Near Blue Ridge

      Level lot near outdoor attractions and Waynesville amenities.
      Eagles Trace, Canton, NC 28716
      View Details
    • $899,999

      Downtown Canton Mixed-Use Building

      Three-story corner building in downtown Canton with retail and office potential.
      505 Main Street, Canton, NC 28716
      View Details
    • $29,900

      Buildable Lot in Canton, NC

      Residential lot near downtown Canton, city utilities available.
      Valley Street, Canton, NC 28716
      View Details

    FAQs

    What type of property is this?
    Land - 10.10 acre lot with long range mountain views.
    Where is this land located?
    The property is located at High Rock View Drive Canton, NC.
    What is the asking price?
    The asking price for this property is $162,000.
    What are key features of this property?
    This property features: Spectacular, year‑round, long‑range mountain views.; Located in the highly desirable, gated community of The Summit of Asheville.; 10.10 acre parcel offering privacy and space.
    (828) 788-2934
    We can help!
    Listing Contact
    Jordan Stepansky
    Jordan Stepansky
    Real Estate License ID: 305565
    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!