Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1504 Brentwood Place Morganton, NC 28655

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,900

    1.44-acre lot with deeded boat slip on Lake James.

    Type:Land or Vacant Lot
    Lot size:
    1.44 Acres
    Added:
    Jan 30, 2025
    Days on Market:
    446
    Last Refresh:
    Apr 5 at 11:09 pm

    Property Features for 1504 Brentwood Place

    General Information

    Standard status
    Active
    Lot size
    1.44 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CHRISTIE LEONARD

    Listing agent CHRISTIE LEONARD License #275783

    Listing office WNC REAL ESTATE AT LAKE JAMES

    Listing date Jan 30, 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 WNC REAL ESTATE AT LAKE JAMES

    Overview

    Lake James Waterfront Lot

    This 1.44-acre lot on Lake James features a gentle slope, mature trees, and a cleared building area. The property includes a deeded deep-water boat slip, identified as #2 in Phase 6, located at the end of the dock for easy docking and open water views. The community is located less than 15 minutes from Downtown Morganton and 45 minutes from Asheville. Community amenities include a pool, clubhouse, tennis court, and streetlights. A survey and septic perc test for 4 bedrooms have been completed. The road is state-maintained. The property is located close to the cul-de-sac and the deeded boat slip. Lake James offers Blue Ridge Mountain views, sandy dockable beaches and islands, and fishing opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.8207
    Latitude
    35.7636

    Nearby Similar for Sale

    • $545,000

      Waterfront Land on Lake James

      Rare 1.13-acre waterfront homesite in Morganton, North Carolina.
      5029 Winfield Lane, Morganton, NC 28655
      View Details
    • $650,000

      Established Seafood Business Opportunity

      Turnkey seafood business with real estate and equipment included.
      410 E Fleming Drive, Morganton, NC 28655
      View Details
    • $229,900

      Roadside Business Opportunity on NC-18

      RMU-zoned lot with office, high traffic, and utilities.
      5161 NC Hwy 18 S, Morganton, NC 28655
      View Details
    • $54,900

      Golf Course Lot in Morganton

      0.91 acre golf course lot with scenic views.
      4269 Aaron Court, Morganton, NC 28655
      View Details
    • $199,900

      Waterfront Land in Dry Creek

      1.62 acre waterfront lot with community boat slips.
      1388 Old Dry Creek Road, Morganton, NC 28655
      View Details
    • $209,900

      Highway Frontage Commercial Land Opportunity

      Versatile commercial land with office building and high traffic.
      5161 NC Hwy 18 S, Morganton, NC 28655
      View Details
    • $99,900

      9+ Acre Mountain View Lot

      9+ acre lot with Blue Ridge Mountain views.
      4196 South View Boulevard, Morganton, NC 28655
      View Details
    • $239,000

      Riverfront Land Near State Park

      21.5 acres with river frontage and park access.
      1960 Rich Mountain Road, Morganton, NC 28655
      View Details
    • $6,999,500

      Vintage Mobile Home Park Opportunity

      52-unit mobile home park with development potential in Morganton, NC.
      100, 102-109, 111 Ross Street, Morganton, NC 28655
      View Details
    • $83,500

      Two Lots in Gated Community

      Two adjoining lots in Lake Rhodhiss Estates, Morganton, NC.
      101, 107 Table Rock Trace NW, Morganton, NC 28655
      View Details
    • $80,000

      Unrestricted Land in Chesterfield Community

      7.17 acres of wooded, unrestricted land in Morganton, NC.
      Jim McCall Road, Morganton, NC 28655
      View Details
    • $385,500

      Commercial Lot in Morganton, NC

      Over 1 acre commercial lot with high visibility.
      1261 Burkemont Avenue, Morganton, NC 28655
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.44-acre lot with deeded boat slip on Lake James.
    Where is this waterfront land located?
    The property is located at 1504 Brentwood Place Morganton, NC.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 1.44‑acre lot on Lake James with deeded boat slip.; Enjoy easy docking and open water views from your deep‑water boat slip (#2, Phase 6).; Gentle slope with a cleared building area and mature trees.
    (828) 439-2548
    We can help!
    Listing Contact
    CHRISTIE LEONARD
    Real Estate License ID: 275783
    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!