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

    Tbd Westgate Drive Wilkesboro, NC 28697

    View on Map
    New
    Picture of Residential land & home lots at Tbd Westgate Drive, Wilkesboro, NC
    For Sale
    $126,540

    Single Family Residence - Wilkesboro, NC

    Type:Single Family Residence
    Lot size:
    11.23 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    3
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for Tbd Westgate Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R20
    Standard status
    Active
    Lot size
    11.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Martinez
    Mike Martinez

    Listing agent Mike Martinez

    Listing office North Carolina Mountain Investments, LLC 110 W Main St, WILKESBORO, NC

    Listing date Mar 30, 2026

    MLS# 1214008 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

    Residential Land in Wilkesboro, NC

    This property features 11.23 acres of land suitable for residential use. It is located in Wilkesboro, North Carolina, with a zoning designation of R20. The property is intended for single-family residence.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wilkesboro
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.1459
    Latitude
    36.1256

    Nearby Similar for Sale

    • $499,000

      Unrestricted Land in Wilkesboro, NC

      20+ acres near shopping, dining, recreation, and community amenities.
      2255 NC Hwy 268, Wilkesboro, NC 28697
      View Details
    • $16,900

      Wilkesboro Buildable Lot For Sale

      Buildable lot with city utilities, ideal for development.
      000 S Pine Street, Wilkesboro, NC 28697
      View Details
    • $178,000

      Wilkesboro Land with Wooded Acreage

      18 acres of wooded land with creek and trails.
      701 Moravian Falls Road, Wilkesboro, NC 28697
      View Details
    • $11,660

      Residential Land in Wilkesboro, NC

      Residential land available in Wilkesboro, North Carolina.
      000 Westgate Drive, Wilkesboro, NC 28697
      View Details
    • $450,000

      Wilkesboro Farm with Mountain Views

      45-acre farm with creek, waterfalls, and mountain views.
      667 Pads Road, Wilkesboro, NC 28697
      View Details
    • $35,000

      Wilkesboro Land For Sale

      5 acre land parcel in Wilkesboro, North Carolina.
      Tbd Lincoln Heights Road, Wilkesboro, NC 28697
      View Details
    • $1,250,000
      2,614 SF

      Wilkesboro Restaurant/Retail Opportunity For Sale

      Recently renovated restaurant/retail space with ample parking and highway access.
      513 Curtis Brg Rd, Wilkesboro, NC
      View Details
    • $130,500

      Commercial Land Near Tyson Factory

      0.52 acre commercial land with road frontage available.
      204 S Cherry Street, Wilkesboro, NC 28697
      View Details
    • $349,900

      Land Near W Kerr Scott Reservoir

      Over 24 acres near W Kerr Scott Reservoir.
      000 Rocky Point Road, Wilkesboro, NC 28697
      View Details
    • $30,000

      Commercial Land Available, Wilkesboro

      0.67 acre commercial lot for sale in Wilkesboro, NC.
      Lot 1B Mayview Avenue, Wilkesboro, NC 28697
      View Details
    • $1,650,000

      Prime Retail Land Opportunity

      1.35 acres with existing coffee shop in Wilkesboro, NC.
      1840 Winkler St, Wilkesboro, NC 28697
      View Details
    • $449,000

      Wilkesboro Acreage for Residential Development

      13.38 acres suitable for single-family, duplex, or townhome development.
      000 W US Highway 421, Wilkesboro, NC 28697
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 11.23 acre residential land for sale in Wilkesboro, NC.
    Where is this residential land & home lot located?
    The property is located at Tbd Westgate Drive Wilkesboro, NC.
    What is the asking price?
    The asking price for this property is $126,540.
    What are key features of this property?
    This property features: Location: -81.23804, 36.14782
    (336) 984-6901
    We can help!
    Listing Contact
    Mike Martinez
    Mike Martinez
    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!