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

    Lot 27 Lazy Bear Trail Andrews, NC 28901

    View on Map
    Claim this Listing
    For Sale
    $32,500

    City Lot,Lot - ANDREWS, NC

    Lot size:
    0.21 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    17
    Last Refresh:
    May 3 at 8:06 am

    Property Features for Lot 27 Lazy Bear Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robin Sargent

    Listing agent Robin Sargent

    Listing office Old Town Brokers P. O. Box 1149, Andrews, NC

    Listing date Apr 17, 2026

    MLS# 158036 Listing URL

    Copyright © 2026 Mountain Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready Build Lot with Views

    Located at the end of Lazy Bear Trail in Andrews, NC, Lot 27 is a 0.21-acre parcel in a well-maintained community. The lot features mountain views and is ready for building. City water and sewer hookups are already in place. Situated at the end of the subdivision, the property offers privacy while remaining connected to the neighborhood. The Lazy Bear Trail HOA maintains landscaped grounds, including mowing and weed-eating. Residents have access to a dog park and a community space, with Junaluska Creek nearby. The lot is surrounded by well-kept homes in a neighborhood suitable for families, retirees, or those seeking a mountain lifestyle. It is located 5 minutes from downtown Andrews, providing access to city amenities while remaining outside city limits. The Nantahala River rafting and Nantahala National Forest are 20 minutes away. The HOA maintains beautifully landscaped grounds and handles mowing and weed-eating to keep the community pristine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Andrews
    County
    Cherokee
    State
    North Carolina
    Longitude
    -83.8034998
    Latitude
    35.1961712

    Nearby Similar for Sale

    • $198,900
      900 SF

      Main Street Office with Expansion Potential

      Prime Main Street office in Andrews, NC with expansion potential.
      608 Main Street, ANDREWS, NC 28901
      View Details
    • $255,000
      2,440 SF

      Downtown Commercial Space with Deck

      Unique commercial space in downtown Andrews with flexible layout.
      992 Main Street, ANDREWS, NC 28902
      View Details
    • $255,000
      2,440 SF

      Downtown Andrews Commercial Space

      Unique commercial space in downtown Andrews with flexible layout.
      992 Main Street, Andrews, NC 28902
      View Details
    • $279,900

      Main Street Lot in Andrews

      1.12 acre lot with high traffic exposure on Main Street.
      00 Main Street, ANDREWS, NC 28901
      View Details
    • $175,000
      2,892 SF

      Historic Gem in Andrews, NC

      1903 five-bedroom property in Andrews' Main Street District.
      61 Fairview Road, ANDREWS, NC 28901
      View Details
    • $399,800
      4,416 SF

      Live/Work Property Near Main Street

      Live/work property with a cabin and industrial garage/warehouse.
      6785 Airport Rd, ANDREWS, NC 28901
      View Details
    • $449,000
      6,456 SF

      Refurbished Andrews Office Building For Sale

      Refurbished office building with hardwood floors and ballroom area.
      995 Main Street, ANDREWS, NC 28901
      View Details
    • $1,500,000

      258.7 Acres in Opportunity Zone

      Large land parcel in Andrews, NC, with development potential.
      6387 Airport Road, ANDREWS, NC 28901
      View Details
    • $55,000

      Andrews NC Usable Pastureland

      1.5-acre parcel near Andrews, NC, ideal for homesteading.
      317 Robinson Road, ANDREWS, NC 28901
      View Details
    • $45,000

      Land in Grand View Falls

      Land in gated community with long-range mountain views.
      Lot 22 Laramie Heights, ANDREWS, NC 28901
      View Details
    • $79,900

      Land Near Western Carolina Airport

      Versatile land with mountain views and airport proximity.
      00 Airport Road, ANDREWS, NC 28901
      View Details
    • $749,900

      Southern Estate in Andrews, NC

      Historic 5-bedroom home on 4 acres near shops.
      1194 Main Street, ANDREWS, NC 28901
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.21-acre lot with mountain views and city utilities.
    Where is this residential land & home lot located?
    The property is located at Lot 27 Lazy Bear Trail Andrews, NC.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: Breathtaking, year‑round mountain views.; Ready‑to‑build lot with city water & sewer hookups already in place.; Located outside city limits, avoiding city taxes.
    (828) 557-2288
    We can help!
    Listing Contact
    Robin Sargent
    Real Estate License ID: 262788NC
    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

    Lot 27 Lazy Bear Trail, ANDREWS, NC 28901

    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!