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

    38 Turkey Ridge S Road Lansing, NC 28643

    View on Map
    Claim this Listing
    For Sale
    $54,000

    LAND - Lansing, NC

    Lot size:
    0.89 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    283
    Last Refresh:
    May 6 at 12:06 am

    Property Features for 38 Turkey Ridge S Road

    General Information

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

    We can help!

    Listing Contact
    Angela Tate

    Listing agent Angela Tate

    Listing office High Country Realty of North Carolina 107 N Jefferson Avenue, West Jefferson, NC

    Listing date Jul 28, 2025

    MLS# 257124 Listing URL

    Copyright © 2026 High Country Association 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

    Wooded Lot with River Views

    This 0.89-acre wooded lot is located above the New River, at the top of Bent River Estates in Lansing, North Carolina. The property is suitable for basement construction and offers mountain and river views. Restrictions include no mobile homes and campers are allowed on a temporary basis. Bent River Estates features easy access and southern exposure. Residents can enjoy activities such as tubing, floating, and fishing within the neighborhood. The property is a short drive from downtown Lansing, Jefferson, and West Jefferson, where shopping, hiking, restaurants, wineries, breweries, and live music venues are located.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lansing
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.538
    Latitude
    36.524

    Nearby Similar for Sale

    • $175,000

      Lansing Lot with Jayco Camper

      0.32-acre lot with camper and building overlooking downtown Lansing.
      237 A Street, Lansing, NC 28643
      View Details
    • $54,000

      Lansing, NC Homesite in Woodlands

      2.3 acre homesite in established log home community.
      Woodland Ridge, Lansing, NC 28643
      View Details
    • $35,500

      Residential Land in Sonterra Views

      Gently sloping, wooded 1.61-acre lot with stream and utilities.
      TBD Lot 28 Sonterra Drive, Lansing, NC 28643
      View Details
    • $119,000

      Residential Land with Mountain Views

      2.59-acre residential lot with permits and river access.
      N fork new river Road lot: 3, Lansing, NC 28643
      View Details
    • $49,900

      Lansing Gated Community Homesite

      One-acre wooded lot in gated riverfront community with amenities.
      Riverwind Drive lot: 41, Lansing, NC 28643
      View Details
    • $35,000

      Wooded Lot in Gated Subdivision

      1.23 acre wooded lot in quiet, gated community.
      Sonterra Drive lot: 45, Lansing, NC 28643
      View Details
    • $8,000

      Land with Mountain and Creek Views

      Half-acre lot with mountain, valley, and creek views.
      2244 E Little Horse Creek Road, Lansing, NC 28643
      View Details
    • $169,900

      Unrestricted Land with Mountain Views

      19.73 acres with mountain views, stream, and building site.
      Bear Wallow Rd. lot: 082053366140, Lansing, NC 28643
      View Details
    • $114,000

      Secluded Mountain Land with Creek

      19 acres of unrestricted land with creek and homesites.
      1476 John Alley Road, Lansing, NC 28643
      View Details
    • $28,000

      Mountain Haven Lot in Lansing

      Gently sloping, wooded lot with utilities in gated community.
      Sonterra Drive, Lansing, NC 28643
      View Details
    • $65,000

      Lansing NC Land with Creek

      10+ acre property with creek, waterfall, and natural springs.
      Greer Town Road, Lansing, NC 28643
      View Details
    • $35,500

      Lansing, NC Homesite Opportunity

      1.61 acre wooded lot in Sonterra Views subdivision.
      TBD Lot 28 Sonterra Drive, Lansing, NC 28643
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot with mountain and river views in Lansing, NC.
    Where is this residential land & home lot located?
    The property is located at 38 Turkey Ridge S Road Lansing, NC.
    What is the asking price?
    The asking price for this property is $54,000.
    What are key features of this property?
    This property features: Mountain and river views from a basement building lot.; Easy access to the New River for tubing, floating, and fishing.; Convenient location near downtown Lansing, Jefferson, and West Jefferson with shopping, hiking, restaurants, wineries, breweries, and live music.
    (336) 846-6875
    We can help!
    Listing Contact
    Angela Tate
    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
    38 Turkey Ridge S Road, Lansing, NC 28643
    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!