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

    00 Coxes Creek Rd Burnsville, NC 28714

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $78,900

    Unrestricted 14.39-acre creekfront property ideal for short-term rentals.

    Property Features for 00 Coxes Creek Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Charmain Yobbi
    Charmain Yobbi
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS - BLACK MTN. Listing Agent: Charmain Yobbi

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

    Learn more

    Overview

    Creekfront Land Parcel in Burnsville

    This 14.39-acre creekfront parcel is located on Coxes Creek in Burnsville, within a private mountainous area of Ramsey Township. The property is unrestricted and features mountain views, along with five springs and old logging roads. It presents opportunities for short-term rentals or Airbnb. The location is near Mount Mitchell State Park, which features an observation deck with panoramic views of the Blue Ridge Mountains. The property is also located close to the Mt. Mitchell Golf Course, an 18-hole par 72 course with lodge, clubhouse, restaurant, lounge, putting green and pro-shop.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Burnsville
    County
    Yancey
    State
    North Carolina
    Longitude
    -82.358777
    Latitude
    36.000117

    Nearby Similar for Sale

    • $675,000
      4.28 Acres

      Commercial Property with Auto Service

      4.28 acres with tire shop on US Highway 19.
      23 Lana Ln, Burnsville, NC 28714
      View Details
    • $799,000
      0.08 Acres

      Main Street Commercial/Residential Property

      Renovated two-story building with retail and residential spaces.
      112 W Main St, Burnsville, NC 28714
      View Details
    • $720,000

      Burnsville Warehouse, Retail, Office Space

      5000 SF warehouse, retail, or office space in Burnsville.
      722 E Main St, Burnsville, NC 28714
      View Details
    • $720,000
      5,000 SF

      Burnsville Warehouse, Retail, Office Space

      5000 SF warehouse, retail, and office location in Burnsville.
      722 E Main St, Burnsville, NC 28714
      View Details
    • $600,000

      Historic Log Cabins Retreat

      Historic log cabins offering a cozy retreat with modern comforts.
      2395 Hortons Creek Rd, Burnsville, NC 28714
      View Details
    • $399,000
      19,044 SF

      Historic Clearmont School Redevelopment Opportunity

      Historic school on 11.46 acres suitable for redevelopment.
      1175 Clearmont School Rd, Burnsville, NC 28714
      View Details
    • Contact for pricing
      3,443 SF

      Burnsville Commercial Property For Sale

      High-visibility commercial property in downtown Burnsville with recent capital improvements.
      506 W Main St, Burnsville, NC 28714
      View Details
    • $720,000

      Burnsville Warehouse, Retail, Office Space

      5000 SF warehouse, retail, or office space in Burnsville.
      722 E Main St, Burnsville, NC 28714
      View Details
    • $995,000
      3,443 SF

      Prime Downtown Burnsville Commercial Property

      High-visibility commercial building on 0.85 acres in downtown Burnsville.
      506 W Main St, Burnsville, NC 28714
      View Details
    • Contact for pricing

      Burnsville Mixed-Use Investment Opportunity

      Income-producing property with apartments, retail, and cabin residence.
      505 E Main St, Burnsville, NC 28714
      View Details
    • $599,900
      0.04 Acres

      Downtown Burnsville Commercial Gem

      Historic Restaurant, Move-In Ready
      109 Main St, Burnsville, NC 28714
      View Details
    • $850,000
      8,024 SF

      Downtown Burnsville Retail Gem

      Historic Main Street Retail Opportunity
      127 Main St, Burnsville, NC 28714
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted 14.39-acre creekfront property ideal for short-term rentals.
    Where is this land located?
    The property is located at 00 Coxes Creek Rd Burnsville, NC.
    What is the asking price?
    The asking price for this property is $78,900.
    What are key features of this property?
    This property features: - Unrestricted 14.39-acre creekfront property on Coxes Creek; - Potential for short-term rentals or Airbnb; - Located in a private mountainous area with **mountain views**
    (828) 237-2888
    Request Owner's contact information
    00 Coxes Creek Rd Burnsville, NC 28714
    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.
    00 Coxes Creek Rd
    Burnsville, NC 28714
    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
    00 Coxes Creek Rd Burnsville, NC 28714
    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

    We can help!
    Listing Contact
    Charmain Yobbi
    Charmain Yobbi
    Real Estate License ID: 288808
    (828) 237-2888 (828) 669-5220 (828) 254-7253
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!