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

    The Vines Boulevard lot 2 Marshall, NC 28753

    View on Map
    For Sale
    Contact for pricing

    LAND - Marshall, NC

    Lot size:
    1.09 Acres
    Added:
    Jul 27, 2021
    Days on Market:
    1711
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for The Vines Boulevard lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    APN
    9728636240
    Lot size
    1.09 Acres

    Taxes and HOA fees

    TaxDescription
    20 Lot Subdivision

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Dennis Foley
    Dennis Foley

    Listing agent Dennis Foley License #204090

    Listing office Century 21 Foley Realty 97 North Main St, WEAVERVILLE, NC

    Listing date Jul 27, 2021

    MLS# 3761979 Listing URL

    Copyright © 2026 Canopy MLS. 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 Marshall, NC

    This residential land is located in a platted subdivision between Mars Hill and Marshall, NC, offering convenient access to groceries, restaurants, stores, and schools. The lot is suitable for building and is affordably priced within a community of homes. The property is equipped with underground power and fiber optics, making it suitable for working from home. The lot size is 1.092 acres and is located on The Vines Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marshall
    County
    Madison
    State
    North Carolina
    Longitude
    -82.623823
    Latitude
    35.848188

    Nearby Similar for Sale

    • $14,900

      Wooded Land in Gated Community

      1.31 acre parcel with creek access and mountain views.
      Lot 105 Bear River Lodge, OTHER, NC 28753
      View Details
    • $12,900

      Wooded Land in Gated Community

      5.23-acre wooded lot with creek access and mountain views.
      Lot 78 Bear River Lodge Trail, OTHER, NC 28753
      View Details
    • $149,900

      Marshall, NC Land Homesite

      2.29-acre homesite with views and community amenities in Marshall, NC.
      51 Wild Turkey Loop unit: 32, Marshall, NC 28753
      View Details
    • $99,000

      Land with Mountain Views

      5.86 acres with mountain views near Marshall and Mars Hill.
      99999 Morgan Branch Road, Marshall, NC 28753
      View Details
    • $55,000

      Marshall Land with River Views

      1.8-acre parcel with long-range views near French Broad River.
      99999 Anderson Branch, Marshall, NC 28753
      View Details
    • $100,000

      Land in Gated Community

      2-acre lot with mountain views, ready for custom home.
      149 Turkey Trot Trail unit: 17, Marshall, NC 28753
      View Details
    • $225,000

      Land with Mountain Views

      10.4+ acres of land with mountain views and creek frontage.
      99999 Bear Creek Road unit: 38, Marshall, NC 28753
      View Details
    • $50,000

      Unrestricted Land Parcel in Marshall, NC

      1.2-acre unrestricted land near outdoor activities and mountain towns.
      TBD 1.2 Acres Jass Cove Road, Marshall, NC 28753
      View Details
    • $40,000

      Unrestricted Land in Marshall, NC

      1.21 acre unrestricted parcel perfect for mountain retreat.
      TBD 1.21 Acres Jass Cove Road, Marshall, NC 28753
      View Details
    • $199,000

      Marshall, NC Homesite Opportunity

      3.24-acre homesite in Madison County with community amenities.
      111 Wild Turkey Loop, Marshall, NC 28753
      View Details
    • $75,000

      Creek Front Land in Marshall

      1.57 acres of private land with year-round flowing creek.
      Lower White Oak Road, Marshall, NC 28753
      View Details
    • $900,000
      6,000 SF

      Occupied Self-Storage Facility with Residence

      68-unit self-storage facility with residential options in Madison County.
      58 Guntertown Road, Marshall, NC 28753
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for sale in a platted subdivision.
    Where is this land located?
    The property is located at The Vines Boulevard lot 2 Marshall, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Affordably priced lots in a platted subdivision.; Easy to build on lots.; Underground power and fiber optics available.
    (828) 712-9783
    We can help!
    Listing Contact
    Dennis Foley
    Dennis Foley
    Real Estate License ID: 204090
    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!