Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Norman Wooded Lot Title is generated by Realmo AI

    Enchanted Way, Denver, NC 28037

    View on Map
    Claim this Listing
    For Sale
    $149,000

    LAND - Denver, NC

    Lot size:
    1.03 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    269
    Last Refresh:
    May 13 at 3:06 am

    Property Features for Enchanted Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    108695
    Lot size
    1.03 Acres

    Taxes and HOA fees

    Tax Description
    TRACT & ADJ

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Freddy Karmatz

    Listing agent Freddy Karmatz License #282367

    Listing office FK and Associates Real Estate Firm 615 Kenway Loop, MOORESVILLE, NC

    Listing date Aug 18, 2025

    MLS# 4293401 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

    • Prime Lake Norman location, near boat access, Westport Golf Club, and Beatty's Ford Park
    • Large, wooded lots ranging from 0.75‑1.75 acres, combine lots for larger parcels
    • Located in the highly desirable North Lincoln school district
    • No HOA fees and flexible building timeline – bring your own builder
    • Seller guarantees lots perc or all deposits returned
    • Paved road frontage, sidewalk, and power installed

    Overview

    Located in Webb Forest Estates of Lake Norman on Enchanted Way in Denver, NC, this is one of 11 wooded lots ranging from 0.75 to 1.75 acres. The lot offers privacy and paved road frontage. It is situated minutes from Lake Norman public boat access at Burton Lane, Westport Golf Club, and Beatty's Ford Park, with commutes to Charlotte, Hickory, and Mooresville via NC-16. The subdivision has a sidewalk. Located in the North Lincoln school district. There is no time limit to build, allowing you to bring your builder and create a custom upscale home. The property is deed restricted with no HOA. Power is installed. A well and septic system are needed. The seller guarantees the lots will perc or all deposits will be returned; the seller will pay to perc the lot. The lot size is 1.03 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Denver
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.0009548
    Latitude
    35.5216755

    Nearby Similar for Sale

    • $200,000

      Waterfront Lot in Lakewood Community

      Wooded, sloped lot with water views and community amenities.
      7656 Juniper Lane, Denver, NC 28037
      View Details
    • $109,000

      Spacious Homesite in Maple Leaf

      1.12-acre homesite in Denver's Maple Leaf subdivision.
      Maple Brook Drive, Denver, NC 28037
      View Details
    • $155,000

      Cleared Commercial Lot Ready to Build

      Cleared 0.97 acre commercial lot with utilities ready.
      4729 Mountain Creek Avenue, Denver, NC 28037
      View Details
    • $525,000

      Highway 16 Business Opportunity

      Commercial lot with potential office space in Denver, NC.
      2744 N NC 16 Business Highway, Denver, NC 28037
      View Details
    • $185,000

      Cleared Commercial Lot Ready

      1.39 acre commercial lot with utilities in Denver, NC.
      4733 Mountain Creek Avenue, Denver, NC 28037
      View Details
    • $85,000

      Residential Land in Established Neighborhood

      Over half acre lot in a sought-after Denver neighborhood.
      6663 Maple Spring Court, Denver, NC 28037
      View Details
    • $1,570,000

      Waterfront Land with Dock

      Magnificent waterfront land with dock, ready for lake living.
      7176 Lynbrook Creek Road, Denver, NC 28037
      View Details
    • $135,000

      Water View Corner Lot

      Level, wooded lot with water views and private boat ramp.
      Pine Harbor Drive, Denver, NC 28037
      View Details
    • $2,750,000

      Lake Norman Waterfront Development Opportunity

      Rare 3.5-acre waterfront land with development potential on Lake Norman.
      4677 Stratford Lane, Denver, NC 28037
      View Details
    • $195,500

      Prime Denver Acreage - Build Ready

      2+ acre build-ready lot in Denver, NC. No HOA.
      Unity Church Road, Denver, NC 28037
      View Details
    • $200,000

      Waterfront Lot in Lakewood Community

      Waterfront, wooded lot perfect for building a dream home.
      7656 Juniper Lane, Denver, NC 28037
      View Details
    • $175,000

      Private Wooded Lot in Denver

      1.75 acre lot in Pebble Bay neighborhood.
      7300 Bay Cove Court, Denver, NC 28037
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot near Lake Norman, build your dream home.
    Where is this residential land & home lot located?
    The property is located at Enchanted Way Denver, NC.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Prime Lake Norman location, near boat access, Westport Golf Club, and Beatty's Ford Park; Large, wooded lots ranging from 0.75‑1.75 acres, combine lots for larger parcels; Located in the highly desirable North Lincoln school district
    (727) 804-6058
    We can help!
    Listing Contact
    Freddy Karmatz
    Real Estate License ID: 282367
    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
    Enchanted Way, Denver, NC 28037
    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!