Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mineral Springs Mountain Land Parcel Title is generated by Realmo AI

    Methodist Park Road, Valdese, NC 28690

    View on Map
    Claim this Listing
    For Sale
    $34,500

    LAND - Valdese, NC

    Lot size:
    1.24 Acres
    Added:
    Jun 2, 2025
    Days on Market:
    354
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for Methodist Park Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    2732938584
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Description
    Methodist Park Road, Valdese, NC 28690

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Elaine Register

    Listing agent Elaine Register

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

    Listing date Jun 2, 2025

    MLS# 4259071 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

    • Long‑range views from a private 1.24‑acre parcel on Mineral Springs Mountain.
    • Located in the west‑central NC mountain region, offering a quiet and peaceful setting.
    • Versatile building options: ideal for a dream home, second home, or rental property.
    • Gently sloped, wooded terrain suitable for various construction styles.
    • Conveniently located: 10 minutes to Hwy 40 and 35 minutes to Hickory and Lenoir.
    • Close to Lake Access and bordering Valdese and Connelly Springs.

    Overview

    This 1.24-acre wooded lot is located on Mineral Springs Mountain in Burke County, NC, in the west-central NC mountain region. The gently sloped terrain offers a quiet and peaceful setting with long-range views. The property is suitable for building a primary residence, second home, short-term rental, long-term rental, or log cabin. The mountain borders Valdese and Connelly Springs. It is located 10 minutes from Hwy 40 and 35 minutes from Hickory and Lenoir. Water tap connection costs $1,500, and water account setup is $150, per Burke County. Electricity and other utilities will need to be installed. The property is zoned R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Valdese
    County
    Burke
    State
    North Carolina
    Longitude
    -81.55952
    Latitude
    35.714119

    Nearby Similar for Sale

    • $42,500

      Lake Rhodhiss Estates Land

      0.65-acre lot in gated lake community with amenities.
      206 W Settings Boulevard, Valdese, NC 28690
      View Details
    • $44,900

      Lake Rhodhiss Waterfront Lot

      0.96 acre lot in gated waterfront community.
      2331 Waterside Boulevard NW, Valdese, NC 28690
      View Details
    • $89,900

      Waterfront Lot in Gated Community

      Waterfront lot perfect for a walk-out basement home.
      374 E Settings Boulevard NW, Valdese, NC 28690
      View Details
    • $450,000
      4,400 SF

      Historic Restaurant Building For Sale

      Downtown Valdese restaurant building with long-term tenant.
      100 Main E Street, Valdese, NC 28690
      View Details
    • $140,000

      Valdese Land Near McGalliard Falls

      9.5-acre tract near McGalliard Falls with road frontage.
      McGalliard Park Avenue, Valdese, NC 28690
      View Details
    • $38,900

      Lake Rhodhiss Lot in Gated Community

      0.89-acre lot in gated community with lake access.
      1144 Lakeside Way NW, Valdese, NC 28690
      View Details
    • $30,000

      Residential Land in Valdese, NC

      Vacant lot ready for building a dream home.
      3843 Oak Drive, Valdese, NC 28690
      View Details
    • $299,900

      Waterfront Land with Lake Views

      Spacious waterfront land in gated community with lake and mountain views.
      6355 McGalliard Pointe Drive NE 5, Valdese, NC 28690
      View Details
    • $55,900

      6.5 Acres in Valdese, NC

      6.5-acre parcel with mountain views in High Peak Estates.
      High Peak Mountain Road, Valdese, NC 28690
      View Details
    • $44,900

      Residential Land Near Lake Rhodhiss

      3.42 acres near Lake Rhodhiss with subdivision amenities.
      4650 John Berry Road, Valdese, NC 28690
      View Details
    • $30,000

      Residential Lot in Valdese, NC

      Residential lot in a quiet setting, close to Interstate 40.
      3835 Oak Drive, Valdese, NC 28690
      View Details
    • $99,999

      Lakefront Land Ready For Building

      Cleared 1.18 acre lot with lake frontage.
      193 Table Rock Trace NW, Valdese, NC 28690
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.24 acre wooded lot with long-range views near Valdese.
    Where is this residential land & home lot located?
    The property is located at Methodist Park Road Valdese, NC.
    What is the asking price?
    The asking price for this property is $34,500.
    What are key features of this property?
    This property features: Long‑range views from a private 1.24‑acre parcel on Mineral Springs Mountain.; Located in the west‑central NC mountain region, offering a quiet and peaceful setting.; Versatile building options: ideal for a dream home, second home, or rental property.
    (828) 303-4053
    We can help!
    Listing Contact
    Elaine Register
    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
    Methodist Park Road, Valdese, NC 28690
    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!