Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    30 Acres Land Near Highway Title is generated by Realmo AI

    V/L Mt Ida Drive, Marion, NC 28752

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $180,000

    LAND - Marion, NC

    Lot size:
    30.04 Acres
    Added:
    Jul 2, 2024
    Days on Market:
    699
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for V/L Mt Ida Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    1701-20-81-7260
    Lot size
    30.04 Acres

    Taxes and HOA fees

    Tax Description
    30.04 AC GREENE SURVEY 2/17/11

    We can help!

    Listing Contact
    Tami Newman
    Tami Newman

    Listing agent Tami Newman License #195385

    Listing office ERA Live Moore 32 North Main Street Ste A, Marion, NC

    Listing date Jul 2, 2024

    MLS# 4157419 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.

    HighLights

    • 30.04 acres of land, ready for your vision.
    • Located just off Hwy 221 Bypass for easy access.
    • No current Right‑of‑Way (ROW) on the property.
    • Can be purchased with MLS# 4157387.
    • Potential access from Young's Creek Rd. if purchased with MLS# 4157387.
    • Call for more information.

    Overview

    This property consists of 30.04 acres of land located just off Highway 221 in Marion, North Carolina. There is no current right-of-way for the property. The land can be purchased along with an additional property to gain access from Young's Creek Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Marion
    County
    McDowell
    State
    North Carolina
    Longitude
    -81.9984169
    Latitude
    35.6693246

    Nearby Similar for Sale

    • $475,000
      3,700 SF

      Downtown Marion Commercial Property For Sale

      Corner property in downtown Marion with parking and high visibility.
      166 N Logan Street, Marion, NC 28752
      View Details
    • $575,000

      Marion NC Multifamily Investment Opportunity

      Six-unit apartment complex in Marion, NC with city utilities.
      524 Baldwin Avenue, Marion, NC 28752
      View Details
    • $119,900

      Land in Marion, North Carolina

      9.726 acre lot perfect for a dream home.
      Tract 5 Hill Road, Marion, NC 28752
      View Details
    • $1,100,000

      Marion, NC Land Opportunity

      35+/- acres with mountain views and development potential.
      272 Randolph Drive, Marion, NC 28752
      View Details
    • $27,000

      Mountain View Lot For Sale

      0.84-acre lot with mountain views in gated community.
      Wilderness Drive lot: 51B, Marion, NC 28752
      View Details
    • $27,000

      Mountain View Lot in Marion

      0.84-acre lot with mountain views in gated community.
      Wilderness Drive lot: 51A, Marion, NC 28752
      View Details
    • $675,000

      Prime Commercial Parcel in Marion

      8.27-acre commercial parcel with high visibility and flexible zoning.
      4450 US 70 Highway E, Marion, NC 28752
      View Details
    • $34,000

      Land Near Lake James

      Beautiful, lightly restricted land near Lake James with creek frontage.
      Mountain Creek Way, Marion, NC 28752
      View Details
    • $2,490,000

      2.40 Acres Commercial Land Marion

      High-traffic location near Interstate 40 with commercial development potential.
      2390 Sugar Hill Road, Marion, NC 28752
      View Details
    • $44,900

      Glenwood Land Parcel in Marion

      Build-friendly land in a desirable Marion location with underground utilities.
      Eagles Nest Drive, Marion, NC 28752
      View Details
    • $36,500

      Mountain Retreat Land with Views

      3-acre lot with long-range views in gated community.
      Quail Drive lot: 24A-28A, Marion, NC 28752
      View Details
    • $20,000

      Wooded Lot in Gated Community

      0.66-acre wooded lot in Fox Ridge community, Marion, NC.
      Fox Ridge Trail, Marion, NC 28752
      View Details

    FAQs

    What type of property is this?
    Land - 30.04 acres of land located off Hwy 221.
    Where is this land located?
    The property is located at V/L Mt Ida Drive Marion, NC.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 30.04 acres of land, ready for your vision.; Located just off Hwy 221 Bypass for easy access.; No current Right‑of‑Way (ROW) on the property.
    (828) 925-1130
    We can help!
    Listing Contact
    Tami Newman
    Tami Newman
    Real Estate License ID: 195385
    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
    V/L Mt Ida Drive, Marion, NC 28752
    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!