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

    O Southmont Drive Asheboro, NC 27205

    View on Map
    Claim this Listing
    For Sale
    $59,900

    Unimproved Land - Asheboro, NC

    Type:Unimproved Land
    Lot size:
    1.30 Acres
    Added:
    May 7, 2025
    Days on Market:
    342
    Last Refresh:
    Apr 13 at 7:06 am

    Property Features for O Southmont Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    r
    Exterior features
    Timber
    Standard status
    Active
    Lot size
    1.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dan Anderson
    Dan Anderson

    Listing agent Dan Anderson

    Listing office Anderson Realty & Investments 1009 N Fayetteville St., Ste B, Asheboro, NC

    Listing date May 7, 2025

    MLS# 1141340 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Land with Creek Access

    This is a 1.3-acre wooded property located just off 220 in South Asheboro. A creek runs through the land. The seller will provide a perk test.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.830779
    Latitude
    35.656448

    Nearby Similar for Sale

    • $349,900

      Industrial Building with Extra Lot

      Versatile building with extra lot in Asheboro city limits.
      1449 Old Liberty Road, Asheboro, NC 27203
      View Details
    • $750,000

      Asheboro Multifamily Investment Opportunity

      Two quadplexes on separate parcels, great investment potential.
      1962 & 1966 Lakeview Road, Asheboro, NC 27203
      View Details
    • $950,000
      2,032 SF

      Prime Commercial Redevelopment Opportunity

      2.29-acre parcel in Asheboro's auto dealership corridor.
      1823 E Salisbury Street, Asheboro, NC 27203
      View Details
    • $675,000

      Commercial Tract in Asheboro, NC

      Commercial land with road frontage in a business area.
      0 E Allred Street, Asheboro, NC 27203
      View Details
    • $499,000

      Commercial Land Near Highway 64

      Commercial land with B-2 and RR zoning near Highway 64.
      2382 US Highway 64 E, Asheboro, NC 27203
      View Details
    • $299,900

      Multifamily/Office Land For Sale

      5.5 acres zoned for multifamily, office, and commercial use.
      0 Salisbury Street, Asheboro, NC 27203
      View Details
    • $700,000

      Commercial Tract near Food Lion

      Commercial land tract adjoining Food Lion shopping center.
      481 NC Highway 49 S, Asheboro, NC 27205
      View Details
    • $300,000

      Asheboro Land with Interstate Visibility

      2.5 acre commercial land with high visibility in Asheboro.
      Lot 4 McDowell Road, Asheboro, NC 27205
      View Details
    • $450,000

      Asheboro Land with Interstate Visibility

      Land with interstate visibility near Randolph County offices and college.
      Lot 1 McDowell Road, Asheboro, NC 27205
      View Details
    • $400,000

      Land For Sale Asheboro, NC

      2.7 acres of commercial land in Asheboro, North Carolina.
      Lot 3 McDowell Road, Asheboro, NC 27205
      View Details
    • $400,000

      Asheboro Land For Sale

      1.5 acre commercial land in Asheboro, North Carolina.
      Lot 2 McDowell Road, Asheboro, NC 27205
      View Details
    • $1,500,000

      Retail Space in High Traffic Area

      Retail space available in a high-traffic location.
      1530 E Dixie Drive, Asheboro, NC 27203
      View Details

    FAQs

    What type of property is this?
    Land - 1.3 acres of wooded land with creek access.
    Where is this land located?
    The property is located at O Southmont Drive Asheboro, NC.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: 1.3 acres of wooded property offering privacy.; Creek on property, a beautiful natural feature.; Located just off 220 for easy access.
    (336) 633-0019
    We can help!
    Listing Contact
    Dan Anderson
    Dan Anderson
    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!