Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Lenoir, NC Title is generated by Realmo AI

    Conroy Court, Lenoir, NC 28645

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Lenoir, NC

    Lot size:
    1.64 Acres
    Added:
    Apr 16, 2024
    Days on Market:
    767
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for Conroy Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0443B85
    Lot size
    1.64 Acres

    Taxes and HOA fees

    Tax Description
    BK 1717 PG 972 YR 2009 ST 90.00

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Nichole Sedberry

    Listing agent Nichole Sedberry License #334414

    Listing office True North Realty 1 N Center Street Suite 240, Hickory, NC

    Listing date Apr 16, 2024

    MLS# 4128923 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

    • 1.64‑acre parcel bordered by Pisgah National Forest, perfect for outdoor adventures like kayaking and hiking.
    • Ready‑made community with paved roads and underground utilities including high‑speed internet.
    • Low HOA fees of $400 per year cover road and utility maintenance.
    • Just 3.5 miles from the Wilson Creek National Wild and Scenic River.
    • Build your dream home with customizable floor plans and finishes (subject to architectural review).
    • Convenient access to everyday amenities within 10‑12 miles.

    Overview

    This 1.64-acre parcel is located in The Bluffs of Wilson Creek, a community bordered by Pisgah National Forest. It is suitable for building a home or as an investment. The Bluffs of Wilson Creek is a ready-made community with paved roads and underground utilities, including power and high-speed internet, all maintained by the HOA. HOA fees are $400 per year. Outdoor enthusiasts can enjoy kayaking, fishing, hiking, waterfalls, and off-road adventures. Wilson Creek National Wild and Scenic River is 3.5 miles away. Wilson Creek originates from the slopes of Grandfather Mountain, travels 20 miles, and flows through a deep 200-foot gorge to join the Johns River. Everyday conveniences are within 10-12 miles. Design and pricing are subject to architectural review and approval. Builder floor plans and finishes are customizable to suit your preferences. The property is located in Lenoir, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.6926236
    Latitude
    35.9168418

    Nearby Similar for Sale

    • $500,000

      Lenoir Office Building For Sale

      Prime office building in Lenoir's thriving business district.
      420 Harper Avenue NW, Lenoir, NC 28645
      View Details
    • $379,900

      Lenoir Land with Mountain Views

      4.53 acre property with panoramic mountain views.
      Rocky Falls Lane lot: 161/162, Lenoir, NC 28645
      View Details
    • $160,000

      Land in Amenity-Rich Community

      Land with mountain views and community amenities near Blowing Rock.
      Table View Lane lot: 372, Lenoir, NC 28645
      View Details
    • $95,000

      Lenoir NC Wooded Retreat Land

      20-acre wooded retreat with stream in gated community.
      3308 Valley Drive, Lenoir, NC 28645
      View Details
    • $309,000

      Equestrian Parcel in Gated Community

      12.49-acre equestrian parcel in gated community with riding trails.
      2093 Thoroughbred Way, Lenoir, NC 28645
      View Details
    • $119,900

      Lenoir Land with Mountain Views

      3+ acre homesite in gated mountain community with amenities.
      Johns Ridge Parkway lot: 104, Lenoir, NC 28645
      View Details
    • $464,900
      6,000 SF

      Commercial Building on Morganton Boulevard

      Commercial building with multiple units and income-generating billboard.
      2301 Morganton Boulevard, Lenoir, NC 28645
      View Details
    • $120,000

      Lenoir Acreage with Mountain Views

      10.09 acres in Lenoir, NC, with mountain view potential.
      Blowing Rock Boulevard, Lenoir, NC 28645
      View Details
    • $1,600,000

      Lenoir Multifamily Investment Opportunity

      16-unit multifamily property in Lenoir, NC with cash flow.
      3354 Clay Apartments Court, Lenoir, NC 28645
      View Details
    • $159,900

      Land in Equestrian Community

      2.47 acre lot in The Coves Mountain River Club.
      Thoroughbred Way, Lenoir, NC 28645
      View Details
    • $29,999

      Blue Ridge Mountain Land

      1.68 acre lot in gated mountain community.
      Rocky Falls Lane lot: 148, Lenoir, NC 28645
      View Details
    • $34,900

      Lenoir Mountain Homesite Opportunity

      1.87-acre homesite in The Coves Mountain River Club.
      4420 Walnut Ridge Drive, Lenoir, NC 28645
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.64-acre parcel in The Bluffs of Wilson Creek.
    Where is this residential land & home lot located?
    The property is located at Conroy Court Lenoir, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.64‑acre parcel bordered by Pisgah National Forest, perfect for outdoor adventures like kayaking and hiking.; Ready‑made community with paved roads and underground utilities including high‑speed internet.; Low HOA fees of $400 per year cover road and utility maintenance.
    (843) 412-3127
    We can help!
    Listing Contact
    Nichole Sedberry
    Real Estate License ID: 334414
    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
    Conroy Court, Lenoir, NC 28645
    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!