Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Lake Community Title is generated by Realmo AI

    164 W Settings Boulevard NW, Valdese, NC 28690

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Valdese, NC

    Lot size:
    0.31 Acres
    Added:
    Feb 15, 2025
    Days on Market:
    461
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for 164 W Settings Boulevard NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    2724779666
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Description
    164 W SETTINGS BLVD NW

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Romi McCurry
    Romi McCurry

    Listing agent Romi McCurry License #323300

    Listing office True North Realty 1 N Center Street Suite 240, Hickory, NC

    Listing date Feb 15, 2025

    MLS# 4180954 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

    • Priced below tax value in a sought‑after lake‑area community.
    • Access to a community dock and boat launch for lake activities.
    • Enjoy the rooftop pavilion with grill, seating, and mountain views.
    • .31‑acre lot ideal for building a custom home.
    • Community garden for residents.
    • Underground utilities and fiber optics available.

    Overview

    This 0.31-acre lot, located in a lake-area community, is priced below tax value. It offers a setting for building a custom home. Residents have access to a community dock and boat launch. A rooftop pavilion features a grill, seating, and covered outdoor space, designed for gatherings and relaxation. The rooftop offers mountain views. Additional amenities include tables and chairs, cornhole, horseshoes, and a community garden. The property has city water and sewer, but will likely require a grinder pump. Underground utilities and fiber optics are available. The property is located in Valdese, North Carolina, in Burke County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Valdese
    County
    Burke
    State
    North Carolina
    Longitude
    -81.603065
    Latitude
    35.776503

    Nearby Similar for Sale

    • $42,500

      Lake Rhodhiss Estates Land

      0.65-acre lot in gated lake community with amenities.
      206 W Settings Boulevard, Valdese, NC 28690
      View Details
    • $44,900

      Lake Rhodhiss Waterfront Lot

      0.96 acre lot in gated waterfront community.
      2331 Waterside Boulevard NW, Valdese, NC 28690
      View Details
    • $89,900

      Waterfront Lot in Gated Community

      Waterfront lot perfect for a walk-out basement home.
      374 E Settings Boulevard NW, Valdese, NC 28690
      View Details
    • $450,000
      4,400 SF

      Historic Restaurant Building For Sale

      Downtown Valdese restaurant building with long-term tenant.
      100 Main E Street, Valdese, NC 28690
      View Details
    • $140,000

      Valdese Land Near McGalliard Falls

      9.5-acre tract near McGalliard Falls with road frontage.
      McGalliard Park Avenue, Valdese, NC 28690
      View Details
    • $38,900

      Lake Rhodhiss Lot in Gated Community

      0.89-acre lot in gated community with lake access.
      1144 Lakeside Way NW, Valdese, NC 28690
      View Details
    • $299,900

      Waterfront Land with Lake Views

      Spacious waterfront land in gated community with lake and mountain views.
      6355 McGalliard Pointe Drive NE 5, Valdese, NC 28690
      View Details
    • $30,000

      Residential Land in Valdese, NC

      Vacant lot ready for building a dream home.
      3843 Oak Drive, Valdese, NC 28690
      View Details
    • $55,900

      6.5 Acres in Valdese, NC

      6.5-acre parcel with mountain views in High Peak Estates.
      High Peak Mountain Road, Valdese, NC 28690
      View Details
    • $44,900

      Residential Land Near Lake Rhodhiss

      3.42 acres near Lake Rhodhiss with subdivision amenities.
      4650 John Berry Road, Valdese, NC 28690
      View Details
    • $30,000

      Residential Lot in Valdese, NC

      Residential lot in a quiet setting, close to Interstate 40.
      3835 Oak Drive, Valdese, NC 28690
      View Details
    • $99,999

      Lakefront Land Ready For Building

      Cleared 1.18 acre lot with lake frontage.
      193 Table Rock Trace NW, Valdese, NC 28690
      View Details

    FAQs

    What type of property is this?
    Land - 0.31-acre lot with community lake access and mountain views.
    Where is this land located?
    The property is located at 164 W Settings Boulevard NW Valdese, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Priced below tax value in a sought‑after lake‑area community.; Access to a community dock and boat launch for lake activities.; Enjoy the rooftop pavilion with grill, seating, and mountain views.
    (910) 366-1008
    We can help!
    Listing Contact
    Romi McCurry
    Romi McCurry
    Real Estate License ID: 323300
    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
    164 W Settings Boulevard NW, Valdese, NC 28690
    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!