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

    Lot 33 Alarka Highlands Bryson City, NC 28713

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $59,750

    Land for sale in Alarka Highlands, Bryson City, NC.

    Type:Land
    Added:
    Mar 30, 2026
    Days on Market:
    19
    Last Refresh:
    Mar 31 at 1:06 am

    Property Features for Lot 33 Alarka Highlands

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Rebekah Smith

    Listing agent Rebekah Smith

    Listing office SUNDOG REAL ESTATE

    Listing date Mar 30, 2026

    Source Evrealestate

    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 SUNDOG REAL ESTATE

    Overview

    Land in Gated Community

    This property is located in the Alarka Highlands gated community. To reach the property from Bryson City, take US-19 S/Hwy 19 W. Turn left onto US-19 S/Alarka Rd. Continue on Alarka Rd., bearing slightly right to stay on Alarka Rd. Turn right to stay on Alarka Rd. again. Bear slightly left onto Unahala Creek Rd. Turn left onto Alarka Highlands Dr. (Gated Community Entrance). Turn left onto Cherahala Ln. Keep left at the fork in the road. The property is on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bryson City
    County
    Swain
    State
    North Carolina
    Longitude
    -83.603
    Latitude
    35.5051

    Nearby Similar for Sale

    • $325,000

      Unrestricted Land Near National Park

      4.4 acres near Great Smoky Mountains National Park entrance.
      555 W Deep Creek, Bryson City, NC 28713
      View Details
    • $150,000
      3,000 SF

      Versatile Commercial Property with River Frontage

      High-traffic location with income potential and river frontage.
      1325 Main Street, Bryson City, NC 28713
      View Details
    • $285,000

      Prime Commercial Land Opportunity

      1.67-acre commercial land with high visibility and traffic.
      Hwy 19 W, Bryson City, NC 28713
      View Details
    • $285,000

      Prime Commercial Land Opportunity

      1.67-acre commercial land with high visibility and traffic.
      Hwy 19 W, Bryson City, NC 28713
      View Details
    • $320,000

      Lakefront Land in Bryson City

      Expansive lakefront lot with community amenities and natural beauty.
      Lt 108-3 Rocky Bluff Drive lot: 108-3, Bryson City, NC 28713
      View Details
    • $550,000

      Fontana Lake Estates Waterfront Lot

      Majestic 1.69-acre waterfront lot with potential sunrise and sunset views.
      Fontana Circle lot: 28-1, Bryson City, NC 28713
      View Details
    • $349,900

      Fontana Lake Waterfront Land

      Pristine lakefront property with sunset views in gated community.
      Lakeview Trail lot: 8-3, Bryson City, NC 28713
      View Details
    • $320,000

      Mountain View Land in Bryson

      Exceptional lot with mountain views near downtown Bryson City.
      199 High Mountain View lot: 30, Bryson City, NC 28713
      View Details
    • $750,000

      Nantahala Gorge Acreage For Sale

      Versatile acreage in Nantahala Gorge, suited for commercial/recreational use.
      10811 Hwy 19w, Bryson City, NC 28713
      View Details
    • $1,600,000

      Bryson City Investment Opportunity

      Three furnished vacation rentals with lake and mountain views.
      1628 Round Hill Road, Bryson City, NC 28713
      View Details
    • $59,000

      Unrestricted Lot in Deep Creek

      Ready to build lot near Great Smoky Mountain National Park.
      53 Dakota Way, Bryson City, NC 28713
      View Details
    • $9,500

      Wooded Lot in Bear Cove

      0.63-acre wooded lot for a mountain retreat.
      BEAR COVE Circle, BRYSON CITY, NC 28713
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Alarka Highlands, Bryson City, NC.
    Where is this land located?
    The property is located at Lot 33 Alarka Highlands Bryson City, NC.
    What is the asking price?
    The asking price for this property is $59,750.
    What are key features of this property?
    This property features: Located in Swain County; Alarka Highlands Dr. address; Enjoy the privacy of a gated community
    (828) 508-8952
    We can help!
    Listing Contact
    Rebekah Smith
    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!