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

    VL Old Wye Trail Connelly Springs, NC 28612

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Land lot in Connelly Springs, zoned HB with possibilities.

    Type:Land or Vacant Lot
    Added:
    Jul 13, 2025
    Days on Market:
    264
    Last Refresh:
    Mar 25 at 10:05 pm

    Property Features for VL Old Wye Trail

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MIKE WATTS

    Listing agent MIKE WATTS License #170338

    Listing office BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS

    Listing date Jul 13, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS

    Overview

    Connelly Springs HB Zoned Lot

    This is a lot located in Connelly Springs, North Carolina. The property is zoned HB, offering various possibilities for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Connelly Springs
    County
    State
    North Carolina
    Longitude
    -81.5286
    Latitude
    35.6588

    Nearby Similar for Sale

    • $309,900

      Updated Investment Property Near Valdese

      Four updated mobile homes generating income near Rutherford College & Valdese.
      5929 Mourglea Avenue, Connelly Springs, NC 28612
      View Details
    • $695,000

      Large Acreage Mountain Recreational Land

      178.63 acres of mountain land with recreational opportunities.
      0 Hildebran Mountain Ave, Connelly Springs, NC 28612
      View Details
    • $617,818

      Mountain Land with Blue Ridge Views

      57+/- acre mountain property near Connelly Springs and Hickory.
      6950 Rhodhiss Road, Connelly Springs, NC 28612
      View Details
    • $20,000

      Mountain Land in Gated Community

      Homesite in gated community with golf course and mountain views.
      5241 pine ridge Drive, Connelly Springs, NC 28612
      View Details
    • $370,000

      Waterfront Homesite in Lakeside Reserve

      1.26-acre waterfront homesite with community amenities on Lake Rhodhiss.
      2238 Pikes Peak Ridge, Connelly Springs, NC 28612
      View Details
    • $300,000

      Dockable Waterfront Lot in Lakeside

      Dockable waterfront lot in gated community with resort-style amenities.
      2175 Castle Peak Mountain unit: 142, Connelly Springs, NC 28612
      View Details
    • $129,000

      Lakefront Lot in Gated Community

      1.28-acre lakefront lot in Harbor Ridge, Connelly Springs, NC.
      108 Rivercliff Drive W, Connelly Springs, NC 28612
      View Details
    • $399,900

      54+/- Acres on Hwy 18

      54+/- acre tract in Burke County with highway frontage.
      6235 Hwy 18 S, Connelly Springs, NC 28612
      View Details
    • $59,900

      Connelly Springs Land with Views

      0.95-acre lot with long-range views, ideal for building.
      3634 Abee Farm Road, Connelly Springs, NC 28612
      View Details
    • $54,500

      Residential Lot in Gated Community

      Spacious lot in Lakeside Reserve with resort-style amenities.
      2115 Castle Peak Mountain unit: 146, Connelly Springs, NC 28612
      View Details
    • $299,000

      Lake Rhodhiss Waterfront Homesite

      1.2-acre lakefront property with dock approval on Lake Rhodhiss.
      2289 Castle Peak Mountain unit: 133, Connelly Springs, NC 28612
      View Details
    • $44,900

      Wooded Lot in Gated Community

      1.83 acre wooded lot in Lake Rhodhiss waterfront community.
      224 Riverwalk Drive, Connelly Springs, NC 28612
      View Details

    FAQs

    What type of property is this?
    Land - Land lot in Connelly Springs, zoned HB with possibilities.
    Where is this land located?
    The property is located at VL Old Wye Trail Connelly Springs, NC.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Nice lot; Connelly Springs location; Zoned HB
    (828) 438-3660
    We can help!
    Listing Contact
    MIKE WATTS
    Real Estate License ID: 170338
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!