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

    Lower Springs Drive Jefferson, NC 28640

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - Jefferson, NC

    Lot size:
    0.71 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 12 at 10:06 am

    Property Features for Lower Springs Drive

    General Information

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

    We can help!

    Listing Contact
    Kelly Barr

    Listing agent Kelly Barr

    Listing office Realty One Group Results 19 E Ashe Street Suite B, Moravian Falls, NC

    Listing date Feb 15, 2026

    MLS# 259994

    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

    Residential Lot in Gated Community

    Located in Pine Springs Estates, a gated mountain community in Jefferson, this 0.712-acre wooded, residential lot is suitable for building a dream mountain home. A minimum of 600 sq ft of heated living space is required. Positioned as the first lot on the right upon entering the community, the property features easy access from a well-maintained gravel road. The sloped terrain is conducive to a home with a walk-out basement entrance. The location provides a private and peaceful atmosphere in a quiet, wooded setting, while still offering modern conveniences nearby. Electricity and fiber optic internet are available to the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jefferson
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.413512
    Latitude
    36.385378

    Nearby Similar for Sale

    • $475,000

      Equipped Restaurant/Retail Opportunity, Jefferson, NC

      Fully equipped restaurant/retail space in a high-visibility location.
      215 Long Street, Jefferson, NC 28640
      View Details
    • $47,000

      Mountain Land in Gated Community

      3.3-acre lot with mountain views, near West Jefferson.
      Shawnee Trail lot: 31, Jefferson, NC 28640
      View Details
    • $154,900

      Residential Lot with Mountain Views

      Building lot in golf community with mountain views and amenities.
      Tbd (lot 31) Olde Charter Circle, Jefferson, NC 28640
      View Details
    • $34,900

      Gently Sloping Homesite with Views

      Ideal homesite near New River and Jeffersons.
      Pine Springs Dr, Jefferson, NC 28640
      View Details
    • $99,000

      Commercial Lot in Downtown Jefferson

      Prime commercial lot with utilities and road access.
      South Street, Jefferson, NC 28640
      View Details
    • $2,627,160

      Expansive Land Near Jefferson, NC

      200+ acres of versatile land with development potential.
      Ashe Park Road, Jefferson, NC 28640
      View Details
    • $34,900

      Residential Land in Gated Community

      1.6-acre lot near West Jefferson with utilities and paved roads.
      Granite Ridge Drive, Jefferson, NC 28640
      View Details
    • $60,000

      Scenic Homesite in Gated Community

      1.64 acre homesite in Canawhay community, near New River.
      TBD - Lot 40 CREEK Court, Jefferson, NC 28640
      View Details
    • $39,900

      Land with Potential Views

      Beautiful lot near New River State Park and West Jefferson.
      TBD Lot 30 Shawnee Trail, Jefferson, NC 28640
      View Details
    • $459,900

      Pasture Land with Farmhouse Potential

      16.5 acres of rolling pasture with fixer-upper farmhouse.
      3630 US Highway 221 N, Jefferson, NC 28640
      View Details
    • $1,500,000
      5,000 SF

      Multi-Property Commercial Offering in Ashe

      Versatile commercial real estate opportunity for manufacturing, warehouse, or distribution.
      2999 US Highway 221 N, Jefferson, NC 28640
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded homesite in a scenic mountain setting with modern conveniences.
    Where is this residential land & home lot located?
    The property is located at Lower Springs Drive Jefferson, 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: Gated mountain community in Jefferson offering privacy and security.; Build‑ready homesite with easy access from a well‑maintained gravel road.; Electricity and fiber optic internet available to the lot.
    (336) 262-3111
    We can help!
    Listing Contact
    Kelly Barr
    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!