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

    678 Dameron Drive Blowing Rock, NC 28605

    View on Map
    Claim this Listing
    For Sale
    $199,900

    LAND - Blowing Rock, NC

    Lot size:
    2.00 Acres
    Added:
    Mar 6, 2024
    Days on Market:
    786
    Last Refresh:
    May 1 at 5:06 pm

    Property Features for 678 Dameron Drive

    General Information

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

    We can help!

    Listing Contact
    Robert Novacek

    Listing agent Robert Novacek

    Listing office Blowing Rock Properties, Inc PO Box 2486, Blowing Rock, NC

    Listing date Mar 6, 2024

    MLS# 248272 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

    Blowing Rock Commercial Land

    This property features commercial land totaling over 2 acres, located in Blowing Rock, North Carolina. The property is zoned commercial in the ETJ and comprises a group of three lots with Grandfather Mountain views. Short-term rentals are permitted, and there are no deed restrictions. The land includes large rock outcroppings and existing road beds. Three shared well rights will be sold with the three lots, along with an additional right of way over adjacent lot 9. This property is suitable for full-time residence, a second home, or homes with rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blowing Rock
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.654682
    Latitude
    36.155098

    Nearby Similar for Sale

    • $1,800,000
      1,740 SF

      Renovated Multi-Unit Retreat Near Downtown

      Four-bedroom, four-bath retreat with rental potential near downtown.
      252 Sunset Dr, Blowing Rock, NC 28605
      View Details
    • $2,300,000

      Mountain Resort Cabins Investment Opportunity

      Six charming cabins near Blue Ridge Parkway with strong ROI potential.
      158 Alpine Village Drive, Blowing Rock, NC 28605
      View Details
    • $319,000

      Blowing Rock Ready-to-Build Lot

      Ready-to-build lot in desirable Mayview neighborhood, Blowing Rock.
      Wonderland Trail, Blowing Rock, NC 28605
      View Details
    • $265,000

      Blowing Rock Homesite with Mountain Views

      Premier homesite in gated community with mountain views.
      Thunderhill Trail, Blowing Rock, NC 28605
      View Details
    • $1,899,200

      Blowing Rock Development Tract

      47.48-acre development tract with layered gorge views.
      47.48 Acres Blowing Rock Boulevard, Blowing Rock, NC 28605
      View Details
    • $139,900

      Blowing Rock Land with Gorge Views

      Homesite near Main Street, Blue Ridge Parkway, Grandfather Mountain.
      Hummingbird Lane lot: 1, Blowing Rock, NC 28605
      View Details
    • $60,000

      Blowing Rock 1.3 Acre Lot

      Gently sloping 1.3 acre lot in Friendly Mountain Acres.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $60,000

      Land in Friendly Mountain Acres

      Residential land in Blowing Rock, NC, with southern exposure.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $119,900

      Blowing Rock Ski Mountain Lot

      Land for sale near Appalachian Ski Mountain and Blowing Rock.
      Galax Circle Ext. lot: 63, Blowing Rock, NC 28605
      View Details
    • $98,000

      Blowing Rock Ridgetop Lot

      Ridgetop lot in gated community near Main Street.
      Red Wolf lot: 24, Blowing Rock, NC 28605
      View Details
    • $150,000

      Blowing Rock Land in Firethorn

      0.97-acre wooded lot in gated community near Blue Ridge.
      405 Firethorn Trail, Blowing Rock, NC 28605
      View Details
    • $170,000

      Blowing Rock Mountain Dream Home Canvas

      Lot in Firethorn community, build-friendly site with premier amenities.
      TBD Lot 107 Firethorn Trail, Blowing Rock, NC 28605
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial zoned land with Grandfather Mountain views, short-term rentals allowed.
    Where is this commercial land located?
    The property is located at 678 Dameron Drive Blowing Rock, NC.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Grandfather Mountain views; Zoned commercial in ETJ (Extra Territorial Jurisdiction); No deed restrictions; short term rentals allowed
    (828) 295-9200
    We can help!
    Listing Contact
    Robert Novacek
    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

    678 Dameron Drive, Blowing Rock, NC 28605

    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!