Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Lot in Desirable Neighborhood Title is generated by Realmo AI

    55 W Fairway Drive, Etowah, NC 28729

    View on Map
    Claim this Listing
    For Sale
    $89,000

    Build your dream home near Etowah Valley Golf Club.

    Added:
    May 13, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 55 W Fairway Drive

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    DARLENE COPE

    Listing agent DARLENE COPE

    Listing office LPT REALTY, LLC

    Listing date May 13, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY, LLC

    HighLights

    • Prime location in a desirable, well‑established neighborhood.
    • Convenient access to local shops, restaurants, and schools.
    • Proximity to Pisgah Forest offering outdoor activities (hiking, mountain biking).
    • Walking distance to Etowah Valley Golf Club and Resort.
    • Sloping, wooded lot providing privacy and a unique setting.
    • Provisionally suitable for a 3‑4 bedroom home with an on‑site wastewater system.

    Overview

    This lot offers a rare opportunity for construction in a prime location within a desirable, established neighborhood. The sloping, wooded area enhances the property's natural beauty, providing privacy and a unique setting for a custom home. Its location ensures convenient access to local amenities while maintaining a peaceful, natural environment, with easy access to local shops, restaurants, and schools. The property is located just a few minutes from the Etowah Valley Golf Club and Resort, with the golf course within walking distance. Based on a preliminary soils investigation, the property is provisionally suitable for a 3-4 bedroom on-site wastewater system. Proximity to Pisgah Forest ensures easy access to outdoor activities such as hiking, mountain biking, and golf.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.6129
    Latitude
    35.3233

    Nearby Similar for Sale

    • $2,350,000
      6,000 SF

      Restaurant and Event Center in Etowah

      Hospitality and event facility on 4 acres near Asheville.
      470 Brickyard Road, Etowah, NC 28792
      View Details
    • $1,375,000
      8,200 SF

      Ecusta Trail Redevelopment Opportunity

      Redevelopment opportunity near Ecusta Trail, suitable for retail businesses.
      5 & 7 Etowah School Road, Etowah, NC 28729
      View Details
    • $699,500

      Turnkey Self-Storage and Industrial Property

      Income-generating self-storage and industrial property in Etowah, North Carolina.
      130 Oakland Hills Drive, Etowah, NC 28729
      View Details
    • $2,350,000
      6,000 SF

      Restaurant & Event Center For Sale

      Hospitality and event facility on 4 acres in Etowah, NC.
      470 Brickyard Rd, Etowah, NC 28729
      View Details
    • $350,000

      Commercial Property Near Ecusta Trail

      Commercial property for sale in Etowah, near Ecusta Trail.
      50 Old Highway 64, Etowah, NC 28729
      View Details
    • $5,900,000

      Etowah Valley Golf Club

      Golf club with lodging, restaurants, tennis, and swimming pool.
      450 Brickyard Rd, Etowah, NC 28729
      View Details
    • $695,000
      5,800 SF

      Single-Tenant Office Building in Etowah

      Single-tenant office building in downtown Etowah, North Carolina for sale.
      6540 Brevard Rd, Etowah, NC, 28729
      View Details
    • $37,000

      Residential Lot in Etowah, NC

      Flat, easy-to-build lot in a desirable Etowah community.
      74 Plato Place, Etowah, NC 28729
      View Details
    • $19,999

      Etowah Vacant Land Opportunity

      Vacant lot in up-and-coming Etowah neighborhood with creek.
      9999 Erwin Hill Dr, Etowah, NC 28792
      View Details
    • $835,000
      4,350 SF

      Turnkey Restaurant in Etowah

      Well-established restaurant with high visibility and rental income potential.
      6500 Brevard Road, Etowah, NC 28729
      View Details
    • $49,390

      Etowah, NC Land Opportunity

      2+ acres of sloped, wooded land near Hendersonville and Brevard.
      Benton Drive, Etowah, NC 28729
      View Details
    • $1,490,000

      Trailside Commercial Property in Etowah

      Prime 1.49-acre commercial property with trail frontage in Etowah, NC.
      5 Etowah School Road, Etowah, NC 28729
      View Details

    FAQs

    What type of property is this?
    Land - Build your dream home near Etowah Valley Golf Club.
    Where is this land located?
    The property is located at 55 W Fairway Drive Etowah, NC.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Prime location in a desirable, well‑established neighborhood.; Convenient access to local shops, restaurants, and schools.; Proximity to Pisgah Forest offering outdoor activities (hiking, mountain biking).
    We can help!
    Listing Contact
    DARLENE COPE
    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
    55 W Fairway Drive, Etowah, NC 28729
    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!