Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    231 Quilt Drive Tuckasegee, NC 28783

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    9+ acre mountain property with well and septic system.

    Type:Land / Acreage
    Lot size:
    9.00 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    224
    Last Refresh:
    Mar 13 at 4:36 pm

    Property Features for 231 Quilt Drive

    General Information

    Standard status
    Active
    Lot size
    9.00 Acres
    Property subtype
    Land / Acreage

    We can help!

    Listing Contact
    Travis Frazier

    Listing agent Travis Frazier License #312341

    Listing office Jackson County Realty, Inc.

    Listing date Sep 25, 2025

    Source Compass

    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 Jackson County Realty, Inc.

    HighLights

    • Over 9 acres of land in the mountains of North Carolina
    • Well and three‑bedroom septic system already installed
    • Includes a charming barn
    • Features a trail system
    • Picturesque creekside meadow with flat, usable land
    • Concrete and gravel road surface type

    Overview

    North Carolina Mountain Land Parcel

    This property features over 9 acres of land located in the mountains of North Carolina. A barn and trail system are present on the property. A well and a three-bedroom septic system have already been installed. At the base of the property is a creekside meadow that offers flat, usable land.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Tuckasegee
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.0534535
    Latitude
    35.2648781

    Nearby Similar for Sale

    • $899,000

      Wolf Lake Waterfront Land Opportunity

      Rare 6.35-acre waterfront property on Wolf Lake, North Carolina.
      16C/16D Vess Owen Road, Tuckasegee, NC 28783
      View Details
    • $326,000

      Lakefront Land Opportunity

      2.22-acre homesite on Cedar Cliff Lake with utilities in place.
      134 Dars Lane lot: 7, Tuckasegee, NC 28783
      View Details
    • $595,000

      Tuckasegee Land with Lake Access

      13+ acres with lake access and mountain views.
      Lt 5B, 15A, 15B Von Trapp Lane, Tuckasegee, NC 28783
      View Details
    • $374,000

      Unrestricted Land Near Cedar Creek

      26 acres of unrestricted land near Cedar Creek Lake.
      2633 Canada Road, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Land with Mountain Views

      Large lot with long-range mountain views in Waterdance community.
      Waterdance Drive lot: 85, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Land with Mountain Views

      Spacious lot with long-range mountain views in Waterdance community.
      Waterdance Drive lot: 84, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Land with Mountain Views

      Spacious 1.69-acre lot with long-range mountain views.
      Waterdance Drive lot: 85, Tuckasegee, NC 28783
      View Details
    • $43,000

      Tuckasegee Mountain View Lot

      Spacious 1.25-acre lot with long-range mountain views.
      Waterdance Drive lot: 84, Tuckasegee, NC 28783
      View Details
    • $199,000

      Lake Lot Ready to Build

      Lake lot with oversized boat dock ready for building.
      Dars Lane lot: 5, Tuckasegee, NC 28783
      View Details
    • $169,900

      Vacant Homesite Bordering National Forest

      5.13 acre vacant homesite bordering National Forest in Tuckasegee, NC.
      Von Trapp lot: 13, Tuckasegee, NC 28783
      View Details
    • $299,900

      Tuckasegee Land with Lake Views

      Homesite with lake and valley views, shared dock access.
      Songcatcher Court lot: 159, Tuckasegee, NC 28783
      View Details
    • $69,000

      Land in Dodgen Ridge Estates

      5.87-acre homesite in peaceful Dodgen Ridge Estates community.
      Whispering Ridge lot: 3, Tuckasegee, NC 28783
      View Details

    FAQs

    What type of property is this?
    Land - 9+ acre mountain property with well and septic system.
    Where is this land located?
    The property is located at 231 Quilt Drive Tuckasegee, NC.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Over 9 acres of land in the mountains of North Carolina; Well and three‑bedroom septic system already installed; Includes a charming barn
    (859) 893-0952
    We can help!
    Listing Contact
    Travis Frazier
    Real Estate License ID: 312341
    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

    Thank You for Inquiry
    231 Quilt Drive, Tuckasegee, NC 28783
    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!