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

    Ski Acres Drive lot 37 Blowing Rock, NC 28605

    View on Map
    Claim this Listing
    For Sale
    $69,000

    LAND - Blowing Rock, NC

    Lot size:
    0.71 Acres
    Added:
    Mar 19, 2025
    Days on Market:
    409
    Last Refresh:
    May 1 at 3:06 pm

    Property Features for Ski Acres Drive lot 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.71 Acres

    We can help!

    Listing Contact
    Vandi Montero

    Listing agent Vandi Montero

    Listing office Keller Williams High Country 774 E King Street STE A, Boone, NC

    Listing date Mar 19, 2025

    MLS# 254311 Listing URL

    Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Blowing Rock Land with Permits

    Located in Ski Mountain Acres, this gently sloping 0.71-acre lot borders a 37-acre protected tract, ensuring views of mature woods and mountain vistas. It is situated 2.5 miles from Appalachian Ski slopes and minutes from the dining options in Blowing Rock, and 3.2 miles to Downtown Boone. The property includes a survey, well permit, and septic permit. There are no restrictions on Short-Term (STR) or Long-Term rentals. The property offers the infrastructure for a build.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blowing Rock
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.667592
    Latitude
    36.174879

    Nearby Similar for Sale

    • $1,800,000
      1,740 SF

      Renovated Multi-Unit Retreat Near Downtown

      Four-bedroom, four-bath retreat with rental potential near downtown.
      252 Sunset Dr, Blowing Rock, NC 28605
      View Details
    • $2,300,000

      Mountain Resort Cabins Investment Opportunity

      Six charming cabins near Blue Ridge Parkway with strong ROI potential.
      158 Alpine Village Drive, Blowing Rock, NC 28605
      View Details
    • $319,000

      Blowing Rock Ready-to-Build Lot

      Ready-to-build lot in desirable Mayview neighborhood, Blowing Rock.
      Wonderland Trail, Blowing Rock, NC 28605
      View Details
    • $265,000

      Blowing Rock Homesite with Mountain Views

      Premier homesite in gated community with mountain views.
      Thunderhill Trail, Blowing Rock, NC 28605
      View Details
    • $1,899,200

      Blowing Rock Development Tract

      47.48-acre development tract with layered gorge views.
      47.48 Acres Blowing Rock Boulevard, Blowing Rock, NC 28605
      View Details
    • $139,900

      Blowing Rock Land with Gorge Views

      Homesite near Main Street, Blue Ridge Parkway, Grandfather Mountain.
      Hummingbird Lane lot: 1, Blowing Rock, NC 28605
      View Details
    • $60,000

      Blowing Rock 1.3 Acre Lot

      Gently sloping 1.3 acre lot in Friendly Mountain Acres.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $60,000

      Land in Friendly Mountain Acres

      Residential land in Blowing Rock, NC, with southern exposure.
      Hews Circle, Blowing Rock, NC 28605
      View Details
    • $119,900

      Blowing Rock Ski Mountain Lot

      Land for sale near Appalachian Ski Mountain and Blowing Rock.
      Galax Circle Ext. lot: 63, Blowing Rock, NC 28605
      View Details
    • $98,000

      Blowing Rock Ridgetop Lot

      Ridgetop lot in gated community near Main Street.
      Red Wolf lot: 24, Blowing Rock, NC 28605
      View Details
    • $150,000

      Blowing Rock Land in Firethorn

      0.97-acre wooded lot in gated community near Blue Ridge.
      405 Firethorn Trail, Blowing Rock, NC 28605
      View Details
    • $170,000

      Blowing Rock Mountain Dream Home Canvas

      Lot in Firethorn community, build-friendly site with premier amenities.
      TBD Lot 107 Firethorn Trail, Blowing Rock, NC 28605
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land with survey, well permit, and septic permit near slopes.
    Where is this residential land & home lot located?
    The property is located at Ski Acres Drive lot 37 Blowing Rock, NC.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: All major permits are in place, allowing for immediate building.; No restrictions on Short‑Term (STR) or Long‑Term rentals.; Borders a 37‑acre protected tract, guaranteeing pristine views.
    (404) 277-3545
    We can help!
    Listing Contact
    Vandi Montero
    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

    Ski Acres Drive lot: 37, Blowing Rock, NC 28605

    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!