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

    Parker Eller Road Lansing, NC 28643

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,900

    LAND - Lansing, NC

    Lot size:
    10.00 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 10 at 2:06 am

    Property Features for Parker Eller Road

    General Information

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

    We can help!

    Listing Contact
    Austin Bennett

    Listing agent Austin Bennett

    Listing office Regency Properties 204 E Main St., West Jefferson, NC

    Listing date Mar 27, 2026

    MLS# 260719

    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

    Scenic Land with River Access

    This 10-acre property is located just off Parker Eller Road in Ashe County, offering a peaceful setting with scenic views and river access. The site is approximately 10 minutes from Silas Creek Bridge, where recreational activities such as river floating can be enjoyed. The property is suitable for a mountain getaway or a future homesite, with the potential for multiple home sites depending on road placement.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lansing
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.4856658
    Latitude
    36.4818809

    Nearby Similar for Sale

    • $59,999

      Lansing NC Mountain Homesite

      2.3 acre homesite in The Woodlands community.
      Woodland Ridge, Lansing, NC 28643
      View Details
    • $25,000

      Residential Land in Mountain Community

      Two-acre lot in established log home community near amenities.
      Tbd (lot 8) Woodland Ridge, Lansing, NC 28643
      View Details
    • $35,500

      Lansing NC Homesite Opportunity

      Homesite in Sonterra Views subdivision, near New River.
      Tbd Lot 28 Sonterra Drive, Lansing, NC 28643
      View Details
    • $49,900

      Level Homesite in Gated Community

      One-acre lot in gated riverfront community with shared amenities.
      Riverwind Drive lot: 41, Lansing, NC 28643
      View Details
    • $35,000

      Wooded Lot in Gated Subdivision

      1.23 acre wooded lot in a peaceful, gated community.
      Sonterra Drive lot: 45, Lansing, NC 28643
      View Details
    • $169,900

      Unrestricted Land with Mountain Views

      19.73 acres with mountain views, stream, and building site.
      Bear Wallow Rd. lot: 082053366140, Lansing, NC 28643
      View Details
    • $35,500

      Lansing, NC Homesite Opportunity

      1.61 acre wooded lot in Sonterra Views subdivision.
      TBD Lot 28 Sonterra Drive, Lansing, NC 28643
      View Details
    • $28,000

      Mountain Land in Gated Community

      Gently sloping, wooded 1.479-acre lot with utilities near New River.
      Sonterra Drive, Lansing, NC 28643
      View Details
    • $119,000

      Lansing Land with Mountain Views

      2.589-acre lot with permits, river access, and mountain views.
      Venue Views Drive lot: 3, Lansing, NC 28643
      View Details
    • $115,000

      Lansing, NC Land Opportunity

      6.865 acres of tranquil land near Little Helton Creek.
      18103 NC Hwy 194, Lansing, NC 28643
      View Details
    • $174,900

      Lansing, NC Wooded Creek Frontage

      32.36 acres of wooded land with creek frontage.
      E Little Horse Creek Road, Lansing, NC 28643
      View Details
    • $54,000

      Wooded Lot with River Views

      Wooded lot with mountain and river views in Lansing, NC.
      38 Turkey Ridge S Road, Lansing, NC 28643
      View Details

    FAQs

    What type of property is this?
    Land - Peaceful 10-acre property near Silas Creek Bridge in Lansing, NC.
    Where is this land located?
    The property is located at Parker Eller Road Lansing, NC.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Peaceful setting in Ashe County with SCENIC VIEWS; Enjoy RIVER ACCESS; Potential for multiple homesites
    (336) 246-2307
    We can help!
    Listing Contact
    Austin Bennett
    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!