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

    North Burgess Gap Rd Morganton, GA 30560

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,995,000

    150-acre wooded property near Blue Ridge with mountain views.

    Lot size:
    150.00 Acres

    Property Features for North Burgess Gap Rd

    General Information

    Lot size
    150.00 Acres
    Exterior features
    exterior_features, : ["Electricity Available"]
    Source: Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Georgia Mountain Acreage

    This 150 +/- acre property is located in Fannin County, Georgia, just outside of Blue Ridge. The all-wooded tract offers natural beauty, privacy, and potential. The rolling terrain is covered with mostly hardwood timber, creating a forested setting with wildlife. A clear mountain creek meanders through the southern portion of the property. Elevations reach 2,000 feet, offering long-range mountain views from multiple vantage points. The land features paved road frontage and a trail system for easy access. Multiple building sites provide options for a private estate, cabin, or potential development. This property offers investment potential for timber, recreation, or future development. Bordering the National Forest, the tract provides seclusion while remaining a 20-minute drive from Blue Ridge's conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Morganton
    County
    Fannin
    State
    Georgia
    Longitude
    -84.163303
    Latitude
    34.838072

    Nearby Similar for Sale

    • $938,000
      8,000 SF

      Versatile Commercial Property with Apartments

      Prime commercial property with excellent visibility and income potential.
      60 Chat A While Rd, Morganton, GA 30560
      View Details
    • New
      $169,000
      5.57 Acres

      Morganton Vacant Land with Metal Building

      5.57 acres with insulated metal building and utilities.
      691 Mitchell Branch Rd, Morganton, GA 30560
      View Details
    • New
      $89,900
      0.11 Acres

      Paved RV Lot in Morganton

      Premium RV lot with sunset views and resort-style amenities.
      134 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $124,500
      0.12 Acres

      Creekside RV Lot with Amenities

      RV lot in gated community near Blue Ridge, GA.
      121 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $124,500
      0.12 Acres

      Hemptown Creek RV Lot

      Move-in ready RV lot with creek access and community amenities.
      121 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $89,900
      0.12 Acres

      Creekside RV Lot in Morganton

      Landscaped RV lot on Hemptown Creek with community amenities.
      113 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $87,900
      0.28 Acres

      Mountain Retreat with Pond Frontage

      Premium campsite with views, pond access, and community amenities.
      161 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $89,900
      0.12 Acres

      Creekside RV Lot in Morganton

      Landscaped RV lot on Hemptown Creek with community amenities.
      113 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $89,900
      0.12 Acres

      Creekside RV Lot in Morganton, GA

      Landscaped RV lot on Hemptown Creek with community amenities.
      113 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • $938,000
      8,000 SF

      Versatile Colonial Building with Apartments

      Two-story building with apartments on 1.52 acres.
      60 Chat A While, Morganton, GA 30560
      View Details
    • $93,900
      0.13 Acres

      RV Lot in Mountain Paradise

      RV lot in gated community near Blue Ridge, Georgia.
      118 Mtn Mdws Dr, Morganton, GA 30560
      View Details
    • New
      $85,000
      0.10 Acres

      RV Lot Near Blue Ridge

      RV lot with amenities near Blue Ridge, Georgia.
      34 Mtn Mdws Cir, Morganton, GA 30560
      View Details

    FAQs

    What type of property is this?
    Land - 150-acre wooded property near Blue Ridge with mountain views.
    Where is this land located?
    The property is located at North Burgess Gap Rd Morganton, GA.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - 150 +/- acre property bordering National Forest, offering unmatched seclusion and recreational opportunities.; - Breathtaking long-range mountain views from multiple vantage points with elevations reaching 2,000 feet.; - All-wooded tract with mostly hardwood timber, a clear mountain creek, and abundant wildlife.
    Request Owner's contact information
    North Burgess Gap Rd Morganton, GA 30560
    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.
    North Burgess Gap Rd
    Morganton, GA 30560
    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
    North Burgess Gap Rd Morganton, GA 30560
    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!