Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leicester, NC Land Opportunity Title is generated by Realmo AI

    Jerome Lane, Leicester, NC 28748

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Leicester, NC

    Lot size:
    0.83 Acres
    Added:
    Apr 29, 2025
    Days on Market:
    389
    Last Refresh:
    May 22 at 11:06 am

    Property Features for Jerome Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OU
    Standard status
    Active
    APN
    8679-80-2528-00000
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Description
    Deed date: 12/23/2008 Deed: 4633-1185 Subdivision J K Davidson J K Adamson

    We can help!

    Listing Contact
    Camilo Monroy

    Listing agent Camilo Monroy License #259919

    Listing office Century 21 Connected 136 South King St., Suite E, Asheville, NC

    Listing date Apr 29, 2025

    MLS# 4252004 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

    • Breathtaking panoramic mountain views (up to five ranges) upon clearing.
    • Located in a gated community offering privacy and security.
    • Large 0.83‑acre lot ideal for various home designs.
    • Conveniently located 25 minutes from downtown Asheville.
    • Gently sloping terrain suitable for building.
    • Low HOA fee of $200/year.

    Overview

    This 0.83-acre lot is located in the countryside of Leicester, North Carolina, within a gated community. The property offers privacy and security. Once cleared, the lot provides panoramic views of up to five mountain ranges. The gently sloping terrain is suitable for various home designs. The Home Owners Association fee is $200 per year. The location is approximately 25 minutes from downtown Asheville. This lot is suited for a full-time residence or a mountain retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leicester
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.7601
    Latitude
    35.6486

    Nearby Similar for Sale

    • $445,000

      Leicester Multifamily Investment Opportunity

      Revive existing mobile home park with potential for expansion.
      537 Old Newfound Road, Leicester, NC 28748
      View Details
    • $1,690,000

      Land with Mountain Views

      35+/- acre property with mountain views near Asheville.
      16 Rocking Chair Lane, Leicester, NC 28748
      View Details
    • $1,500,000

      Three Properties Near Asheville

      Three adjacent properties offer income potential near Asheville.
      6, 8, 12 Jackson Cove Road, Leicester, NC 28748
      View Details
    • $425,000

      Leicester Land with Existing Utilities

      38-acre Leicester tract with well, septic, and electricity.
      9999 Hidden Cove Road, Leicester, NC 28748
      View Details
    • $620,000

      Leicester Land with Mountain Views

      28-acre Leicester property with mountain views and open use zoning.
      99999 Green Valley Road, Leicester, NC 28748
      View Details
    • $125,000

      Private Land Parcel with Stream

      5-acre parcel with stream and multiple building possibilities.
      Garnet Drive, Leicester, NC 28748
      View Details
    • $750,000

      Leicester, NC Land For Sale

      47.6 acres of land near Asheville, NC.
      99999 Martin Branch Road, Leicester, NC 28748
      View Details
    • $299,999

      Unrestricted Land Near Asheville

      26.84 acres of wooded, unrestricted land close to Asheville.
      9999 Sealey Lane, Leicester, NC 28748
      View Details
    • $52,000

      Land in Gated Community

      1.88-acre lot in a quiet, gated community.
      76 View Ridge Parkway, Leicester, NC 28748
      View Details
    • $69,000

      Land in Gated Community

      1.6-acre lot with utilities in Blue Mist Farms.
      80 View Ridge Parkway, Leicester, NC 28748
      View Details
    • $45,000

      Residential Land in Leicester, NC

      Clear 1.1 acre lot ready for new home construction.
      36 Country Cove Court, Leicester, NC 28748
      View Details
    • $99,000

      Land in Gated Mountain Community

      4.69-acre homesite with mountain views, well, and septic.
      Rock Ridge Road, Leicester, NC 28748
      View Details

    FAQs

    What type of property is this?
    Land - 0.83-acre lot in gated community with mountain views.
    Where is this land located?
    The property is located at Jerome Lane Leicester, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Breathtaking panoramic mountain views (up to five ranges) upon clearing.; Located in a gated community offering privacy and security.; Large 0.83‑acre lot ideal for various home designs.
    (407) 908-4612
    We can help!
    Listing Contact
    Camilo Monroy
    Real Estate License ID: 259919
    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

    Thank You for Inquiry
    Jerome Lane, Leicester, NC 28748
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!