Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    37M Rdg Overlook Hayesville, NC 28904

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Residential lot in gated golf community near Lake Chatuge.

    Lot size:
    0.54 Acres

    Property Features for 37M Rdg Overlook

    General Information

    Lot size
    0.54 Acres

    We can help!

    Listing Contact
    Beverly Koon
    Beverly Koon
    Source: Kw

    Listing Agent: Beverly Koon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Residential Lot in Golf Community

    Located in the gated golf community of Mountain Harbour, this lot offers access to an 18-hole golf course, fitness center, pool, and clubhouse with a restaurant. The community hosts social activities such as club gatherings, golf tournaments, holiday celebrations, and patio gatherings. Nearby Lake Chatuge provides opportunities for boating, skiing, and tubing, with marinas available. Hayesville, also nearby, features dining, local shopping, festivals, concerts and activities on The Square, and performances at The Peacock Theatre. The John C. Campbell Folk School, known for its artisans, classes, and festivals, is also in the vicinity. This lot is intended for residential use, offering the opportunity to build a home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Pet Store Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hayesville
    County
    Clay
    State
    North Carolina
    Longitude
    -83.7266
    Latitude
    35.0643

    Nearby Similar for Sale

    • New
      $799,740
      9.19 Acres

      Mountain Retreat Farm with USFS Access

      Farm retreat on 9.19 acres adjoining USFS land.
      177 Bob Penland Rd, Hayesville, NC 28904
      View Details
    • $540,000
      4,080 SF

      Mixed-Use Property Near Town Square

      Two interconnected buildings with warehouse and apartment spaces.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • $540,000
      5,880 SF

      Hayesville Mixed-Use Investment Opportunity

      Two interconnected commercial buildings with apartment and parking lot.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • New
      $549,900
      2.94 Acres

      Versatile Property with Workshop and Home

      2.94-acre property with workshop, home, and commercial potential.
      1654 Myers Chapel Rd, Hayesville, NC 28904
      View Details
    • $540,000

      Mixed-Use Investment Opportunity

      Two interconnected commercial buildings with residential apartment in Hayesville, NC.
      6 Sanderson St, Hayesville, NC 28904
      View Details
    • $1,750,000
      20,654 SF

      Hayesville Office Building on Highway

      20,654 SF office building on 1.492 acres.
      3280 Nc-69, Hayesville, NC 28904
      View Details
    • $1,799,000
      5.39 Acres

      Lake Chatuge Income-Producing Motel

      Unrestricted 5.39 acres with motel, mobile homes, lake access.
      40 Chatuge Ln, Hayesville, NC 28904
      View Details
    • $395,000
      4.90 Acres

      Hayesville Farmhouse with Mountain Views

      Charming farmhouse on nearly 5 acres with mountain views.
      337 Town Mountain Rd, Hayesville, NC 28904
      View Details
    • $895,000
      1,500 SF

      Turnkey Mountain Resort Investment Property

      Meticulously developed mountain resort with multiple revenue streams in North Carolina.
      3452 Old Highway 64 East, Hayesville, NC 28904
      View Details
    • $54,500
      4.38 Acres

      Hayesville, NC Vacant Land

      4.3 acre vacant land with mountain views in equestrian community.
      69 Colt Run, Hayesville, NC 28904
      View Details
    • Contact for pricing
      1,008 SF

      Hayesville Commercial Space For Lease

      Versatile commercial space in high-traffic location, ideal for various businesses.
      562 Tusquittee St, Hayesville, NC 28904
      View Details
    • $450,000
      400 SF

      Hayesville Commercial Property on US 64

      Commercial property on a busy highway suitable for business office.
      3697 Hwy 64W, Hayesville, NC 28904
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot in gated golf community near Lake Chatuge.
    Where is this land located?
    The property is located at 37M Rdg Overlook Hayesville, NC.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: - Lot in gated golf community (Mountain Harbour).; - Access to 18-hole golf course, fitness center, and pool.; - Clubhouse with restaurant and social activities.
    (828) 360-2364
    Request Owner's contact information
    37M Rdg Overlook Hayesville, NC 28904
    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.
    37M Rdg Overlook
    Hayesville, NC 28904
    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
    37M Rdg Overlook Hayesville, NC 28904
    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

    We can help!
    Listing Contact
    Beverly Koon
    Beverly Koon
    Real Estate License ID: 416781
    (828) 360-2364
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.