Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Chinquapin Hill lot 1 Black Mountain, NC 28711

    View on Map
    Claim this Listing
    For Sale
    $300,000

    LAND - Black Mountain, NC

    Lot size:
    0.71 Acres
    Added:
    May 9, 2025
    Days on Market:
    356
    Last Refresh:
    Apr 29 at 9:06 pm

    Property Features for Chinquapin Hill lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SR
    Standard status
    Active
    APN
    061919895900000
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Description
    As described in deed

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Scott Russell
    Scott Russell

    Listing agent Scott Russell License #246481

    Listing office Howard Hanna Beverly-Hanks Freestone Properties 706 NC Highway 9, Black Mountain, NC

    Listing date May 9, 2025

    MLS# 4240441 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

    Black Mountain Land For Sale

    This 0.71-acre lot is located within the town limits of Black Mountain, North Carolina, approximately one mile from downtown. The property is almost perfectly flat and offers access to public water and sewer services. Covenants are in place, primarily addressing road maintenance and construction quality. The lot provides wooded privacy and winter mountain views. There is sufficient space for a guesthouse or detached structure. The property is one of three lots recently subdivided and annexed into the Town of Black Mountain. Lots 1 and 2 are currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3260339
    Latitude
    35.6278149

    Nearby Similar for Sale

    • $495,000

      Black Mountain Commercial Land For Sale

      0.30-acre site at the entrance to downtown Black Mountain.
      11 Terry Estate Drive, Black Mountain, NC 28711
      View Details
    • $1,000,000

      Black Mountain Investment Opportunity

      Income-producing properties with redevelopment potential in Black Mountain, NC.
      2968 US 70 Highway, Black Mountain, NC 28711
      View Details
    • $850,000

      Two Homes in Black Mountain, NC

      Two homes ideal for multigenerational living or rental income.
      416 S Cherokee Avenue, Black Mountain, NC 28711
      View Details
    • $39,000

      Homesite in Gated Black Mountain Community

      Homesite in The Settings community with mountain view potential.
      21 Settings Boulevard, Black Mountain, NC 28711
      View Details
    • $55,000

      Laurel Ridge Mountain View Lot

      1.1-acre lot in gated community near Black Mountain.
      Acacia Court, Black Mountain, NC 28711
      View Details
    • $975,000

      Secluded Acreage Near Chimney Rock

      123+ acre parcel offers seclusion and recreation.
      2726 Lower Flat Creek Road, Black Mountain, NC 28711
      View Details
    • $89,000

      Black Mountain Land in Cheshire

      Residential lot in vibrant, walkable Black Mountain community.
      10 Whitman Lane, Black Mountain, NC 28711
      View Details
    • $28,900

      Land in Black Mountain, NC

      Homesite with long-range views near downtown Black Mountain.
      31 Old Lafayette Lane, Black Mountain, NC 28711
      View Details
    • $22,000

      Mountain Homesite in Gated Community

      1.71-acre homesite with mountain views in Catawba Falls Preserve.
      9999 Rainbow Falls Trail, Black Mountain, NC 28711
      View Details
    • $179,000

      Black Mountain Acreage for Home

      Expansive 12.32-acre lot in gated Laurel Mountain Preserve.
      Laurel Mountain Trail lot: 5, Black Mountain, NC 28711
      View Details
    • $250,000

      Homesite in High Cliffs Community

      Homesite with potential long-range views, usable area, great location.
      102 High Cliffs Trail, Black Mountain, NC 28711
      View Details
    • $250,000

      Prime Black Mountain Building Lot

      Rare, level 0.51-acre lot in Black Mountain's heart.
      109 W College Street, Black Mountain, NC 28711
      View Details

    FAQs

    What type of property is this?
    Land - 0.71-acre lot, flat, in-town, close to downtown Black Mountain.
    Where is this land located?
    The property is located at Chinquapin Hill lot 1 Black Mountain, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Large, Flat .71‑Acre Lot in Town Limits; Rare Opportunity: First Time on Market in Over 100 Years; Conveniently Located: Only 1 Mile from Downtown Black Mountain
    (828) 713-2060
    We can help!
    Listing Contact
    Scott Russell
    Scott Russell
    Real Estate License ID: 246481
    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!