Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fletcher, NC Buildable Lot Title is generated by Realmo AI

    61 Bradford Vistas Drive, Fletcher, NC 28732

    View on Map
    Claim this Listing
    New
    For Sale
    $165,000

    LAND - Fletcher, NC

    Lot size:
    1.05 Acres
    Added:
    May 14, 2026
    Days on Market:
    7
    Last Refresh:
    May 20 at 10:06 am

    Property Features for 61 Bradford Vistas Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OU
    Standard status
    Active
    APN
    9685-01-3701-00000
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE: 2022-04-07 DEED: 6205-1295 SUBDIV: WATERFORD LAKES BLOCK: LOT: 3 SECTION: PLAT: 0088-0169

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Justin Purnell
    Justin Purnell

    Listing agent Justin Purnell

    Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC

    Listing date May 14, 2026

    MLS# 4381323 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Buildable lot in the prestigious Waterford Lakes community.
    • Stunning mountain views and peaceful surroundings.
    • Horse stables and pasture available for boarding within the community.
    • Convenient location between Asheville and Hendersonville.
    • Easy access to shopping, dining, and outdoor activities.
    • Opportunity to build a luxury estate or mountain getaway.

    Overview

    This buildable lot is located in the Waterford Lakes community. The property offers mountain views and peaceful surroundings. The community provides horse stables and pasture for boarding horses. Situated in the Cane Creek valley between Asheville and Hendersonville, the location provides access to shopping, dining, and outdoor activities. This homesite offers the opportunity to build a luxury estate or mountain getaway. The lot size is 1.05 acres and is zoned OU.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fletcher
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.4624
    Latitude
    35.4492

    Nearby Similar for Sale

    • $13,000,000

      Fletcher Industrial Facility For Sale

      87,000 SF industrial facility with warehouse and office space.
      280 Cane Creek Road, Fletcher, NC 28732
      View Details
    • $425,000

      Remodeled Mobile Homes Investment Opportunity

      Three remodeled mobile homes plus two lot rentals in Fletcher.
      905 Hutch Mountain Road, Fletcher, NC 28732
      View Details
    • $300,000

      Fletcher Land with Open Use

      1.4 acre commercial land with open use zoning.
      1961 Cane Creek Road, Fletcher, NC 28732
      View Details
    • $325,000

      Land with Mountain Views

      Homesite with mountain views in Couch Mountain community.
      Feather Stone Drive lot: 64, Fletcher, NC 28732
      View Details
    • $370,000

      Fletcher, NC Land Parcel

      6.76 acre parcel suitable for residential development.
      562 Concord Road, Fletcher, NC 28732
      View Details
    • $77,500

      Land in Okoboji Wilderness

      2.28-acre homesite with mountain views in Fletcher, North Carolina.
      99999 Okoboji Drive, Fletcher, NC 28732
      View Details
    • $110,000

      Residential Land in Fletcher, NC

      1.5-acre parcel near Asheville with creek.
      99999 Concord Road, Fletcher, NC 28732
      View Details
    • $349,000

      Land with Mountain Views

      Homesite with mountain views, hiking trails, and community amenities.
      198 Mossy Rock Way, Fletcher, NC 28732
      View Details
    • $849,000

      Fletcher Commercial Lot For Sale

      1.66 acre commercial lot on Hendersonville Rd, Fletcher, NC.
      3008 Hendersonville Road, Fletcher, NC 28732
      View Details
    • $6,500,000
      31,620 SF

      Corporate Center with High-Speed Server

      31,620 SF move-in ready facility for sale.
      220 Continuum Drive, Fletcher, NC 28732
      View Details
    • $199,000

      Fletcher, NC Homesite in Community

      Private homesite in gated community with nature preserve and trails.
      99 Spring Song Lane, Fletcher, NC 28732
      View Details
    • $699,000

      Commercially Zoned Acreage Near Airport

      Prime commercially zoned land near Airport Road with public utilities.
      00 Underwood Road, Fletcher, NC 28732
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with mountain views in Waterford Lakes community.
    Where is this residential land & home lot located?
    The property is located at 61 Bradford Vistas Drive Fletcher, NC.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Buildable lot in the prestigious Waterford Lakes community.; Stunning mountain views and peaceful surroundings.; Horse stables and pasture available for boarding within the community.
    (828) 551-3542
    We can help!
    Listing Contact
    Justin Purnell
    Justin Purnell
    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
    61 Bradford Vistas Drive, Fletcher, NC 28732
    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!