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

    Lot 9 Yasmine Lane Vilas, NC 28692

    View on Map
    For Sale
    $38,000

    Land - Vilas, NC

    Lot size:
    1.82 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for Lot 9 Yasmine Lane

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nikki Rezvani

    Listing agent Nikki Rezvani

    Listing office Keller Williams High Country 643 Greenway Road, Boone, NC

    Listing date Sep 4, 2025

    MLS# 257876 Listing URL

    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

    Vilas Land with Mountain Views

    Located approximately 10 minutes from downtown Boone, this 1.82-acre parcel offers potential for building a primary residence or income-producing property, as short and long-term rentals are permitted. The property is situated within the Green Mountain Village community. The land has varying topography, including level, sloping, and steep portions, and is considered buildable. A driveway is already in place, and a full septic system designed by Land Resource Management has been installed. The property provides views of Grandfather Mountain. It is located close to Appalachian State University, dining, shopping, and downtown Boone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Auto Parts Store Hotel & Motel Kitchen & Bath Showroom Garden Center Grocery & Convenience Store Cosmetic Store Home Appliance Store Bed & Breakfast Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vilas
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.755743
    Latitude
    36.275906

    Nearby Similar for Sale

    • $1,900,000

      Established Bed & Breakfast Business

      Unique property with income potential in North Carolina's High Country.
      315 Lazy Bear Trail, Vilas, NC 28692
      View Details
    • $129,900

      Unrestricted Land with Mountain Views

      6-acre tract near Boone with mountain views and utilities.
      846 Joe Shoemaker Road, Vilas, NC 28692
      View Details
    • $147,500

      Valle Cay Land with Views

      4.47 acres in gated community near Valle Crucis.
      Lot 49 Abaco Drive, Vilas, NC 28692
      View Details
    • $350,000

      Undeveloped Acreage Near Boone

      Unique land tract with building site and existing utilities.
      Tbd Old Anderson Quarry Road, Vilas, NC 28692
      View Details
    • $110,000

      Valle Cay Land Overlooking Lakes

      Land with hiking trails, lake access, and expired septic permit.
      Tract 101 Valle Cay Drive, Vilas, NC 28692
      View Details
    • $69,900

      Unrestricted Land with Mountain Views

      5.8 acres with mountain views, barn, stream, and utilities.
      Willard Johnson Road, Cove Creek, NC 28692
      View Details
    • $124,999

      5.3 Acres Residential Land

      Three combined lots suitable for tiny homes and rentals.
      Lots # 10-11-12 Yasmine Lane, Vilas, NC 28692
      View Details
    • $60,000

      Vilas Land with Mountain Views

      Residential lot with driveway, cleared site, and mountain views.
      Lot 27 Wren Cove Lane, Vilas, NC 28692
      View Details
    • $59,000

      Vilas, NC Homesite Opportunity

      1.29 acre homesite with electric hookups and road frontage.
      Ketoma Pass lot: 19, Vilas, NC 28692
      View Details
    • $74,000

      Vilas, NC Homesite Opportunity

      1.88 acre homesite with electric hookups and road frontage.
      1 Ketoma Pass lot: 20, Vilas, NC 28692
      View Details
    • $42,300

      Vilas Ridgetop Lot with Views

      1.5-acre lot with mountain views, near Boone and AppState.
      Lot 9 Vilas Overlook Drive, Vilas, NC 28692
      View Details
    • $425,000

      Land on Hwy 421N, Vilas

      Commercial land with easy access off Highway 421 in Vilas.
      Tbd 421 Highway, Vilas, NC 28692
      View Details

    FAQs

    What type of property is this?
    Land - 1.82-acre buildable lot near Boone with septic system installed.
    Where is this land located?
    The property is located at Lot 9 Yasmine Lane Vilas, NC.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: Breathtaking views of Grandfather Mountain.; Buildable 1.82‑acre lot ready for construction.; Septic system already installed.
    (828) 773-7845
    We can help!
    Listing Contact
    Nikki Rezvani
    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!