Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    7889 Old Highway 16 Crumpler, NC 28617

    View on Map
    Claim this Listing
    New
    For Sale
    $184,000

    LAND - Crumpler, NC

    Lot size:
    7.56 Acres
    Added:
    May 7, 2026
    Days on Market:
    1
    Last Refresh:
    May 7 at 10:06 pm

    Property Features for 7889 Old Highway 16

    General Information

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

    We can help!

    Listing Contact
    Michelle Griffin
    Michelle Griffin

    Listing agent Michelle Griffin License #292518

    Listing office High Country Resort Properties 305 Crest Hill, Banner Elk, NC

    Listing date May 7, 2026

    MLS# 261556 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.

    HighLights

    • Breathtaking views
    • Convenient location near Old Hwy 16 and NC Hwy 16, Jefferson and West Jefferson, Shatley Springs, and the North Fork of the New River
    • Includes a large tobacco barn and a three‑bay tool shed
    • Features an old house covered in wormy chestnut
    • Property has springs and a branch
    • Peaceful, natural setting with birds, deer, and running water

    Overview

    Crumpler Land with Breathtaking Views

    This 7.56-acre land parcel in Crumpler, North Carolina, features an old house covered in wormy chestnut, springs, a branch, a three-bay tool shed, and a large tobacco barn. The property is located near Old Highway 16 and NC Highway 16, offering both convenience and a peaceful natural setting. The location provides access to the North Fork of the New River, Shatley Springs, and the towns of Jefferson and West Jefferson.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Garden Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Crumpler
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.402558
    Latitude
    36.492527

    Nearby Similar for Sale

    • $20,500

      Corner Lot in Crumpler, NC

      Nearly flat lot suitable for various home types.
      Cedar Hill Drive, Crumpler, NC 28617
      View Details
    • $50,000

      Scenic Mountain Lot with River Views

      Vacant lot with river views, ideal for cabin or retreat.
      New River Landing lot: #46, Crumpler, NC 28617
      View Details
    • $65,000

      Residential Lot with River View

      Residential lot with river access in Cooper Cove community.
      TBD 16 Bill Cooper Road, Crumpler, NC 28617
      View Details
    • $127,500

      Unrestricted Land in Crumpler, NC

      21.325 acres of unrestricted land with stream and wildlife.
      Plumb Nearly Rd, Crumpler, NC 28617
      View Details
    • $18,500

      Wooded Lot in Summer Landing

      Wooded lot in the mountains near Jefferson and New River.
      Sunny Lane lot: 17, Crumpler, NC 28617
      View Details
    • $1,800,000

      Riverfront Land in Crumpler, NC

      39.414 acres of riverfront land with development potential.
      Ballou Farm Road, Crumpler, NC 28617
      View Details
    • $24,000

      Wooded Acre in Crumpler, NC

      One-acre wooded property ideal for cabin or mountain retreat.
      Walnut Hills Circle, Crumpler, NC 28617
      View Details
    • $50,000

      Riverfront Lots in Crumpler, NC

      Two riverfront lots totaling 1.6 acres in Crumpler, NC.
      N Hidden Mountain Lane lot: 29 & 30, Crumpler, NC 28617
      View Details
    • $1,950,000

      Iconic Shatley Springs Restaurant Investment

      Restaurant with cabins, homes, and water source on US Hwy 16.
      436 Shatley Springs Road, Crumpler, NC 28617
      View Details
    • $124,900

      Unrestricted Riverfront Land in Crumpler

      5+ acre unrestricted riverfront property with over 500 feet frontage.
      Martinez Road, Crumpler, NC 28617
      View Details
    • $139,000

      Land in Gated Community

      10-acre lot with pasture, trees, and mountain views.
      Brownstone Lane lot: 17, Crumpler, NC 28617
      View Details
    • $99,000

      River View Lots in Crumpler

      Three lots with water and mountain views in gated community.
      Annais Drive, Crumpler, NC 28617
      View Details

    FAQs

    What type of property is this?
    Land - 7.56 acre land parcel with old structures and natural features.
    Where is this land located?
    The property is located at 7889 Old Highway 16 Crumpler, NC.
    What is the asking price?
    The asking price for this property is $184,000.
    What are key features of this property?
    This property features: Breathtaking views; Convenient location near Old Hwy 16 and NC Hwy 16, Jefferson and West Jefferson, Shatley Springs, and the North Fork of the New River; Includes a large tobacco barn and a three‑bay tool shed
    (828) 963-2342
    We can help!
    Listing Contact
    Michelle Griffin
    Michelle Griffin
    Real Estate License ID: 292518
    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
    7889 Old Highway 16, Crumpler, NC 28617
    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!