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

    Rainbow Trout Drive Hays, NC 28635

    View on Map
    Claim this Listing
    For Sale
    $47,900

    LAND - Hays, NC

    Lot size:
    5.05 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 19 at 12:06 am

    Property Features for Rainbow Trout Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    5.05 Acres

    We can help!

    Listing Contact
    Casey West

    Listing agent Casey West

    Listing office Realty One Group Results Moravian Falls, NC

    Listing date Jan 26, 2026

    MLS# 1207603 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

    Hays, NC Wooded Land Parcel

    This 5.05-acre wooded parcel is located within the gated Roaring River Farms community. The property offers a private, undeveloped setting in the foothills of North Carolina, presenting an opportunity for building a custom home or retreat surrounded by natural scenery. It is situated approximately 30 minutes from Wilkesboro, one hour from Boone and Winston-Salem, and about 20 minutes from Stone Mountain State Park, providing convenient access to nearby towns, outdoor recreation, and regional destinations while maintaining a quiet, rural setting. The property offers a versatile homesite in a mountain setting with convenient access to surrounding areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hays
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.1253
    Latitude
    36.3564

    Nearby Similar for Sale

    • $44,900

      Hays, NC Homesite Ready

      1.6+/- acre homesite in Wilkes County with established driveway.
      1165 Dehart Community Ctr Road, Hays, NC 28635
      View Details
    • $174,000

      Hays, NC Creekfront Land

      5.43+/- acre lot with creek frontage and mountain views.
      8000 Longbottom Road, Hays, NC 28635
      View Details
    • $9,000

      Wooded Lot in Hays, NC

      Wooded 0.72 acre lot with end-of-street privacy.
      Holder Street lot: 1, Hays, NC 28635
      View Details
    • $6,700

      Residential Land in Hays, NC

      0.35 acre lot in Mountain View Estates.
      Mountain View Road lot: 13, Hays, NC 28635
      View Details
    • $189,900

      Secluded Land Bordering State Park

      21-acre haven near Stone Mountain State Park.
      Buck Drive, Hays, NC 28649
      View Details
    • $34,900

      2.5 Acres on Shumate Mountain

      2.5-acre wooded lot with road frontage near Stone Mountain.
      Shumate Mountain Road, Hays, NC 28635
      View Details
    • $37,500

      Hays, NC Mountain Land

      11+ acre wooded lot in private mountain community.
      Carter Mountain lot: 25, Hays, NC 28635
      View Details
    • $48,000

      Hays, NC Land Parcel

      5.7+/- acre land parcel in Bell Mountain, Hays, NC.
      Bell Mountain Road lot: 33, Hays, NC 28635
      View Details
    • $174,000

      Creek Frontage Land with Views

      5.43+/- acre lot with creek frontage and mountain views.
      8000 Longbottom Road, Hays, NC 28635
      View Details
    • $48,000

      Bell Mountain Land Parcel

      5.7+/- acre land parcel in Bell Mountain area.
      Lot 33 Bell Mountain Road, Hays, NC 28635
      View Details
    • $38,900

      Blackberry Ridge Acreage with Views

      10.09 acres in gated community with long-range views.
      Tract 6 Cabin Creek Road, Hays, NC 28635
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.05-acre wooded parcel in gated Roaring River Farms community.
    Where is this residential land & home lot located?
    The property is located at Rainbow Trout Drive Hays, NC.
    What is the asking price?
    The asking price for this property is $47,900.
    What are key features of this property?
    This property features: 5.05‑acre wooded parcel offers privacy and natural scenery.; Located within the gated Roaring River Farms community.; Excellent opportunity to build a custom home or retreat.
    (828) 493-5090
    We can help!
    Listing Contact
    Casey West
    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!