Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    267 Messenger Drive Sparta, NC 28675

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $58,900

    Land available for sale.

    Type:Land or Vacant Lot
    Added:
    Aug 19, 2025
    Days on Market:
    262
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 267 Messenger Drive

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SUSAN MILES

    Listing agent SUSAN MILES

    Listing office MILES REALTY

    Listing date Aug 19, 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 MILES REALTY

    HighLights

    • Campers and motor homes allowed during construction.
    • Periodic RV use permitted, RV must be removed when not in use.
    • Private road maintenance fee of $50 per year per lot is not currently being collected.
    • Restrictions are recorded in book 282 / page 1020.
    • Vacant Land Disclosure Statement is attached.
    • Property is vacant land.

    Overview

    Land for Sale

    The property is subject to recorded restrictions in book 282, page 1020. Campers and motor homes are permitted during the construction of permanent homes. Periodic use is allowed at other times, provided the RV is removed when not in use. The private road maintenance fee of $50 per year per lot is not currently being collected, according to the seller. A Vacant Land Disclosure Statement is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Alleghany
    State
    North Carolina
    Longitude
    -81.1574
    Latitude
    36.5212

    Nearby Similar for Sale

    • $3,800,000

      Sparta Motel and Restaurant

      64-room motel and restaurant in the Blue Ridge Mountains.
      341 N MAIN Street, Sparta, NC 28675
      View Details
    • $37,500

      Land in Gated Community

      Residential land in gated community with mountain views near amenities.
      38 Ridgewood Road, Sparta, NC 28675
      View Details
    • $37,500

      Land in Gated Community

      Land in gated community with mountain views and golf membership.
      30 Ridgewood Road, Sparta, NC 28675
      View Details
    • $48,500

      Land in Gated Community

      Land with mountain views, near New River and golf.
      Ridgewood Road lot: #46, Sparta, NC 28675
      View Details
    • $42,000

      Land in Desirable Sparta Location

      2.87 acres of land near Sparta, North Carolina.
      Air Bellows Gap Road, Sparta, NC 28675
      View Details
    • $37,500

      Land in Gated Community

      Residential land in gated community with mountain views.
      42 Ridgewood Road, Sparta, NC 28675
      View Details
    • $65,500

      Land in Gated Community

      Residential land in the Blue Ridge Mountains near New River.
      Mountain Vista Drive lot: #56, Sparta, NC 28675
      View Details
    • $35,500

      Land in Gated Community

      Residential land in gated community with mountain views.
      Ridgewood Road lot: #43, Sparta, NC 28675
      View Details
    • $125,000

      Ready-to-Build Land near Blue Ridge

      3.6-acre homesite with utilities, near Blue Ridge Parkway.
      488 Dewitt Road, Sparta, NC 28675
      View Details
    • $45,500

      Land in Gated Community

      Residential land with mountain views and golf course membership.
      Ridgewood Road lot: #47, Sparta, NC 28675
      View Details
    • $59,500

      Land in Gated Community

      Residential land in gated community with mountain views and golf.
      52 Mountain Vista Drive, Sparta, NC 28675
      View Details
    • $56,500

      Land in Gated Community

      Residential land in gated community with mountain views.
      50 Mountain Vista Drive, Sparta, NC 28675
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale.
    Where is this land located?
    The property is located at 267 Messenger Drive Sparta, NC.
    What is the asking price?
    The asking price for this property is $58,900.
    What are key features of this property?
    This property features: Campers and motor homes allowed during construction.; Periodic RV use permitted, RV must be removed when not in use.; Private road maintenance fee of $50 per year per lot is not currently being collected.
    (336) 372-5646
    We can help!
    Listing Contact
    SUSAN MILES
    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
    267 Messenger Drive, Sparta, NC 28675
    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!