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

    Mulatto Mountain Road West Jefferson, NC 28694

    View on Map
    Claim this Listing
    New
    For Sale
    $155,000

    LAND - West Jefferson, NC

    Lot size:
    4.75 Acres
    Added:
    Apr 25, 2026
    Days on Market:
    7
    Last Refresh:
    May 1 at 12:06 am

    Property Features for Mulatto Mountain Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    Lot size
    4.75 Acres

    Utilities

    Water source
    Private, Well

    We can help!

    Listing Contact
    Chris Barr

    Listing agent Chris Barr License #195338

    Listing office Realty One Group Results Moravian Falls, NC

    Listing date Apr 25, 2026

    MLS# 1215769 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Jefferson Land with Well

    This 4.75-acre property is located less than half a mile from Highway 221 and approximately 5 minutes from downtown West Jefferson. The land is zoned Residential Agricultural (RA) and permits manufactured and mobile homes with proper screening. A well is already in place, producing 10 gallons per minute when drilled at 240 feet deep. The property features a level, open meadow suitable as a building site, with a roadbed already in place and seasonal mountain views. The remainder of the land is wooded with gentle slopes, offering additional building sites and views at higher elevations. The property has mini-farm potential, and additional pasture could be created with some tree clearing. Access is provided via an improved 10-foot right of way. The last section of the grassy road bed needs some gravel for year-round access. The property has no minimum square footage or style restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    West Jefferson
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.494508
    Latitude
    36.369055

    Nearby Similar for Sale

    • $76,900

      West Jefferson Building Site

      One acre wooded lot near downtown West Jefferson, North Carolina.
      TBD 10 Townview Street, West Jefferson, NC 28694
      View Details
    • $189,900

      Mountain Land Near West Jefferson

      Two adjoining lots near West Jefferson with community well access.
      Lauren Lane, West Jefferson, NC 28694
      View Details
    • $110,900

      West Jefferson Land For Sale

      Residential land within West Jefferson city limits, close to downtown.
      TBD 23 Locust Circle, West Jefferson, NC 28694
      View Details
    • $95,900

      Wooded Lot Near Downtown

      Large 1.68 acre wooded lot near West Jefferson.
      TBD 20 Townview Street, West Jefferson, NC 28694
      View Details
    • $635,000
      553 SF

      Land with Mountain Views Cabin

      48.87-acre property with cabin near Bald Mountain, West Jefferson.
      286 Frontier Dr., West Jefferson, NC 28694
      View Details
    • $62,500

      West Jefferson Wooded Lot

      Wooded lot near downtown West Jefferson with seasonal mountain views.
      TBD 13 Townview Street, West Jefferson, NC 28694
      View Details
    • $134,900

      Wooded Lot Near Downtown

      Residential land within walking distance to downtown West Jefferson.
      TBD 22 Locust Circle, West Jefferson, NC 28694
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 4.75 acres near town with well and building site.
    Where is this agricultural land / farmland located?
    The property is located at Mulatto Mountain Road West Jefferson, NC.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Existing well producing 10 GPM saves significant cost and time.; **Prime, level building site with existing roadbed and seasonal mountain views.**; Convenient location: less than half a mile from Highway 221 and 5 minutes to downtown West Jefferson.
    (336) 262-3111
    We can help!
    Listing Contact
    Chris Barr
    Real Estate License ID: 195338
    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!