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

    Lot 7 N Old NC Hwy 16 Millers Creek, NC 28651

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $42,500

    Unrestricted 8.4-acre land perfect for a mountain escape.

    Type:Land or Vacant Lot
    Lot size:
    8.40 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 14 at 12:50 pm

    Property Features for Lot 7 N Old NC Hwy 16

    General Information

    Standard status
    Active
    Lot size
    8.40 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MICHELLE HAMMOND
    MICHELLE HAMMOND

    Listing agent MICHELLE HAMMOND

    Listing office BLUE RIDGE REALTY & INV. WEST

    Listing date Apr 14, 2026

    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 BLUE RIDGE REALTY & INV. WEST

    Overview

    8.4 Acres Unrestricted Land

    This 8.4-acre property offers unrestricted land suitable for building a tiny home, mountain getaway, or full-time residence. The landscape is surrounded by mature hardwoods and natural foliage, providing year-round beauty and privacy. The property is ideal for outdoor enthusiasts and nature lovers, offering space for trails and seeking peace and quiet. There is no HOA and no restrictions.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Millers Creek
    County
    Wilkes
    State
    North Carolina
    Longitude
    -81.262957
    Latitude
    36.232847

    Nearby Similar for Sale

    • $38,000

      Land Parcel in Millers Creek

      3.88-acre vacant land parcel for custom home or recreation.
      Browntown Road, Millers Creek, NC 28651
      View Details
    • $125,000

      Undeveloped Land in Millers Creek

      9.69 acres of wooded land with river frontage.
      Colvard Road, Millers Creek, NC 28651
      View Details
    • $200,340

      Unrestricted Land in Millers Creek

      47.7+/- acres of unrestricted land in Wilkes County, North Carolina.
      Mertie Road, Millers Creek, NC 28651
      View Details
    • $189,000

      Secluded Land in Wilkes County

      35.69 acres of secluded land in Millers Creek, NC.
      1296 Sheets Gap Road, Millers Creek, NC 28651
      View Details
    • $91,900

      Unspoiled Land in Millers Creek

      Rare 10+ acre tract with private well and creek access.
      clear branch Drive, Millers Creek, NC 28651
      View Details
    • $189,000

      Land Parcel in Millers Creek

      6.5-acre parcel ideal for retreat or homestead in Millers Creek.
      12549 N NC 16 Highway, Millers Creek, NC 28651
      View Details
    • $24,900

      Land in Jade Mountain Subdivision

      2.2 acres of land with mountain views in Millers Creek.
      #21 N NC Highway 16, Millers Creek, NC 28651
      View Details
    • $65,000

      Unrestricted Land for Mountain Escape

      8.4 acres of unrestricted land, ideal for a mountain escape.
      Lot 6 N. Old NC Hwy 16, Millers Creek, NC 28651
      View Details
    • $91,900

      Unspoiled Mountain Land in Millers Creek

      10+ acre tract in Clear Branch community with well.
      Clear Branch Drive, Millers Creek, NC 28651
      View Details
    • $100,800

      Unrestricted Land for Mountain Escape

      16.8 acres of unrestricted land to build your dream lifestyle.
      Lot 6 & 7 N. Old NC Hwy 16, Millers Creek, NC 28651
      View Details
    • $379,000

      Unrestricted Wooded Acres with Views

      84+/- acres of unrestricted land with mountain views in Millers Creek.
      6900 Mertie Road, Millers Creek, NC 28651
      View Details
    • $189,000

      Secluded Land in Wilkes County

      A unique opportunity to craft your vision in the Blue Ridge.
      1296 Sheets Gap Road, Millers Creek, NC 28651
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted 8.4-acre land perfect for a mountain escape.
    Where is this land located?
    The property is located at Lot 7 N Old NC Hwy 16 Millers Creek, NC.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: 8.4 Acres of Unrestricted Land: Offers ample space and freedom.; No HOA, No Restrictions: Provides complete autonomy and flexibility.; Ideal for Mountain Escape/Full‑Time Residence: Suited for diverse living arrangements.
    (336) 489-3042
    We can help!
    Listing Contact
    MICHELLE HAMMOND
    MICHELLE HAMMOND
    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

    Lot 7 N. Old NC Hwy 16, Millers Creek, NC 28651

    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!