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    C94 Foxfire Ct Elk Park, NC 28604

    Sponsored
    For Sale
    $425,000

    Vacant Land - Elk Park, NC

    Lot size:
    2.19 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 21 at 11:06 am

    Property Features for C94 Foxfire Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    2.19 Acres

    Taxes and HOA fees

    Expense value
    210
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Chambers

    Real Estate by Triumphal (336) 877-1008

    Listing agent Michael Chambers (336) 877-1008

    Listing date Jan 15, 2026

    MLS# 11609647 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Eagles Nest Community

    Lot #C94 Foxfire Court is located in the gated community of The Lodges at Eagles Nest. This 2.19-acre lot offers an opportunity to build a mountain home. A builder is available to help create a dream home. Lot C95 next door is also available. The property is nestled in the Eagles Nest subdivision and offers natural beauty, high-elevation views, and access to amenities. The wooded lot provides a private, serene setting and features a great build site. Enjoy views of the Blue Ridge Mountains from this quiet cul-de-sac location. Eagles Nest is known for its luxury lifestyle and recreation, featuring a gated entry with 24/7 security, miles of hiking, ATV, and biking trails, a ski lodge-style clubhouse and outdoor entertainment areas, a new fitness center, winery, and riverfront park, sports courts, amphitheater events, and family-friendly amenities. The lot offers access to skiing, fishing, scenic parkways, and year-round adventure, while still providing mountain living. It is located in close proximity to downtown Banner Elk, Beech Mountain, Sugar Mountain, and dining. This lot is suited for a full-time residence, vacation getaway, or investment build.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elk Park
    County
    Avery
    State
    North Carolina
    Longitude
    -81.978172
    Latitude
    36.157346

    Nearby Similar for Sale

    • $985,000

      Commercial Property Near Banner Elk

      Versatile commercial property with high visibility and ample parking.
      6460 Banner Elk Pkwy, Elk Park, NC 28622
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.19-acre lot in a premier gated community with mountain views.
    Where is this residential land & home lot located?
    The property is located at C94 Foxfire Ct Elk Park, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Premier gated community (The Lodges at Eagles Nest) with 24/7 security.; - Exceptional opportunity to build a custom mountain home with builder ready.; - Expansive, wooded lot with a great build site and long-range Blue Ridge Mountain views.
    (336) 877-1008
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    C94 Foxfire Ct Elk Park, NC 28604
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    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
    C94 Foxfire Ct Elk Park, NC 28604
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    We can help!
    Listing Contact
    Michael Chambers
    (336) 877-1008
    Learn more
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