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

    Indian Springs Road lot 36B Boone, NC 28607

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $79,900

    LAND - Boone, NC

    Lot size:
    0.62 Acres
    Added:
    Jun 14, 2025
    Days on Market:
    301
    Last Refresh:
    Apr 10 at 3:06 pm

    Property Features for Indian Springs Road lot 36B

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.62 Acres

    We can help!

    Listing Contact
    Lori Bryan
    Lori Bryan

    Listing agent Lori Bryan License #330367

    Listing office Keller Williams High Country 774 E King Street STE A, Boone, NC

    Listing date Jun 14, 2025

    MLS# 256232

    Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boone Homesite with Shared Well

    Located just outside Boone's city limits, this 0.62-acre homesite is ready for construction. A shared well is already in place, servicing only one nearby vacation home. The land has a natural grade ideal for establishing a homesite. Selective tree removal may unveil long-range mountain views. Perched at over 4,400 feet in elevation, this lot offers cool temperatures year-round, and is located within minutes of downtown Boone. This development allows for both long-term and short-term rentals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Boone
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.697485
    Latitude
    36.2357

    Nearby Similar for Sale

    • $898,000

      Prime Medical Office Space

      Centrally located medical office space in the heart of Boone.
      610 State Farm Road unit: 2, Boone, NC 28607
      View Details
    • $1,188,725

      Boone Commercial/Light Industrial Property

      Versatile property with redevelopment potential near Highway 421.
      646 Roby Greene Road, Boone, NC 28607
      View Details
    • $995,000

      Versatile Commercial Building in Boone

      7,362 SF multi-use building with rental income potential.
      1345 Poplar Grove Road S, Boone, NC 28607
      View Details
    • $699,000

      Prime Highway Frontage in Boone

      Commercial land with high visibility and access on Highway 105.
      1794 Highway 105, Boone, NC 28607
      View Details
    • $679,000

      High Country Land Near Boone

      14 acres with view potential near Boone and Blowing Rock.
      Grandview Drive, Boone, NC 28607
      View Details
    • $299,900

      Land Near Boone and Blowing Rock

      9.69 acres with mountain views, springs, and creek frontage.
      George Hayes Road, Boone, NC 28607
      View Details
    • $169,000

      Scenic Land Near Boone

      4 acres of land near Boone and Blowing Rock.
      George Hayes Road, Boone, NC 28607
      View Details
    • $999,999

      Downtown Boone Commercial Building For Sale

      Historic downtown Boone commercial building with high visibility and foot traffic.
      890 W King Street, Boone, NC 28607
      View Details
    • $4,000,000

      Commercial Land on US Hwy 421

      4.6 acre commercial development tract with high visibility.
      2704 S US Hwy. 421, Boone, NC 28607
      View Details
    • $90,000

      Land Near Downtown Boone

      Land offers potential views, community pond, and nearby trails.
      Fire Tower Road, Boone, NC 28607
      View Details
    • $82,500

      Buildable Lot in Summit Park

      0.44 acre homesite near Blowing Rock and Boone.
      Summit Park lot: 71, Boone, NC 28607
      View Details
    • $89,000

      Yonahlossee Saddle Club Homesite

      1.13-acre lot with mountain views and septic system.
      Churchill Downs lot: 4, Boone, NC 28607
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite near Boone with shared well and possible views.
    Where is this residential land & home lot located?
    The property is located at Indian Springs Road lot 36B Boone, NC.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Shared well already in place, offering immediate convenience and cost savings.; Located just outside Boone's city limits, providing proximity to downtown amenities.; Elevation over 4,400 feet, ensuring cool temperatures year‑round.
    (404) 277-3545
    We can help!
    Listing Contact
    Lori Bryan
    Lori Bryan
    Real Estate License ID: 330367
    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!