Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fleetwood Acreage with Highway Frontage Title is generated by Realmo AI

    US HWY 221 S, Fleetwood, NC 28626

    View on Map
    Claim this Listing
    Pending
    $599,900

    LAND - Fleetwood, NC

    Lot size:
    18.00 Acres
    Added:
    Sep 13, 2025
    Days on Market:
    259
    Last Refresh:
    May 29 at 8:06 pm

    Property Features for US HWY 221 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    18.00 Acres

    We can help!

    Listing Contact
    Chris Barr

    Listing agent Chris Barr License #195338

    Listing office Realty One Group Results 19 E Ashe Street Suite B, Moravian Falls, NC

    Listing date Sep 13, 2025

    MLS# 258001 Listing URL

    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.

    HighLights

    • Exceptional visibility and access with over a quarter mile of road frontage on the newly completed 221 four‑lane highway.
    • Flexible use options including single‑family, multi‑family, mixed‑use, RV Park, or commercial ventures.
    • Centrally located: just over 15 minutes to downtown Boone and about 10 minutes to downtown West Jefferson.
    • Buildable terrain with a gentle slope suitable for grading and utilities.
    • Scenic mountain setting with a blend of open meadow and mature hardwoods, offering seasonal long‑range views of the New River.
    • High development potential in a growing market, ideal for developers and investors.

    Overview

    This 18-acre tract in Southern Ashe County offers visibility and development potential. The property features over a quarter mile of road frontage along the newly completed 221 four-lane. The land includes open meadow and mature hardwoods, with gentle grading and seasonal long-range views of the New River. Flexible use options include a Planned Unit Development, which eliminates the requirement for 1-acre lots. The property is suitable for single-family homes, townhomes, multi-family units, mixed-use developments, RV Parks, or commercial ventures. It is located just over 15 minutes from downtown Boone and about 10 minutes from downtown West Jefferson, offering commuter access and a mountain setting. This parcel is suitable for developers and investors seeking visibility, convenience, and buildable terrain in a growing market.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fleetwood
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.500214
    Latitude
    36.300343

    Nearby Similar for Sale

    • $370,000

      Unrestricted Land with Mountain Views

      11 acres of unrestricted land with barns and mountain views.
      668 Woodstown Road, Fleetwood, NC 28626
      View Details
    • $599,900

      Fleetwood, NC Acreage For Sale

      Prime acreage with high visibility and development potential.
      US highway 221 S, Fleetwood, NC 28626
      View Details
    • $185,000

      Wooded Land on Highway 221

      7.88 acres of wooded land with highway frontage.
      US Highway 221 S, Fleetwood, NC 28626
      View Details
    • $24,900

      Land in Fleetwood, NC

      Residential land suitable for a doublewide mobile home.
      Windy Hill Road, Fleetwood, NC 28626
      View Details
    • $39,900

      Wooded Lot in Christmas Mountain

      1.275 acre wooded lot with community water and electric.
      TBD 2 Christmas Mountain Lane, Fleetwood, NC 28626
      View Details
    • $39,900

      Wooded Lot in Gated Community

      1.468-acre wooded lot with shared well in gated community.
      TBD 6 Christmas Mountain Lane, Fleetwood, NC 28626
      View Details
    • $49,900

      Residential Lot in Gated Community

      One-acre lot with well access and septic permit in place.
      TBD (Lot 73) Creekside Meadows Drive, Fleetwood, NC 28626
      View Details
    • $185,000

      Wooded Land on Highway 221

      7.88 acres of wooded land with highway frontage.
      Hwy 221 S, Fleetwood, NC 28626
      View Details
    • $49,900

      Buildable Lot in Fleetwood, NC

      Centrally located, buildable lot in gated community near Boone.
      Forever Drive lot: 11, Fleetwood, NC 28626
      View Details
    • $49,900

      One Acre Lot in Fleetwood

      One-acre lot with well access and septic permit in place.
      TBD (Lot 72) Creekside Meadows Drive, Fleetwood, NC 28626
      View Details
    • $60,000

      Fleetwood Land with Mountain View

      1.5-acre wooded lot with mountain view potential.
      Twin Bridges Circle lot: 20, Fleetwood, NC 28626
      View Details
    • $85,750

      Fleetwood, NC Land with Home

      0.77-acre lot with manufactured home in Fleetwood, North Carolina.
      279 Windy Road, Fleetwood, NC 28626
      View Details

    FAQs

    What type of property is this?
    Commercial land - 18 acres with highway frontage, development potential near Boone.
    Where is this commercial land located?
    The property is located at US HWY 221 S Fleetwood, NC.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Exceptional visibility and access with over a quarter mile of road frontage on the newly completed 221 four‑lane highway.; Flexible use options including single‑family, multi‑family, mixed‑use, RV Park, or commercial ventures.; Centrally located: just over 15 minutes to downtown Boone and about 10 minutes to downtown West Jefferson.
    (336) 262-3111
    We can help!
    Listing Contact
    Chris Barr
    Real Estate License ID: 195338
    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

    Thank You for Inquiry
    US HWY 221 S, Fleetwood, NC 28626
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!