Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Lot in The Vines Title is generated by Realmo AI

    The Vines Boulevard, Marshall, NC 28753

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    Contact for pricing

    LAND - Marshall, NC

    Lot size:
    0.85 Acres
    Added:
    Nov 22, 2024
    Days on Market:
    546
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for The Vines Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    9728-63-6671
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Description
    THE VINES LO:5 PL:6-259

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Mark Mennone

    Listing agent Mark Mennone

    Listing office Keller Williams Professionals 48 Grove St, asheville, NC

    Listing date Nov 22, 2024

    MLS# 4201344 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

    • Buildable lot with potential for panoramic long‑range views.
    • Convenient location: just 10 minutes to Mars Hill and 30 minutes to Asheville.
    • Underground power and fiber optic internet available.
    • Located in The Vines community.
    • No active HOA currently, subject to CCR's.
    • Enjoy winter views from the property.

    Overview

    This 0.85-acre buildable lot is located in The Vines community, situated between Marshall and Mars Hill, North Carolina. Positioned on a small hill, the property offers winter views and the potential for panoramic, long-range views with some tree clearing. The property is subject to CCR's, but there is currently no active HOA. Underground power and fiber optic internet are available. The location is approximately 10 minutes from Mars Hill University, shopping, and other amenities, and 30 minutes from Asheville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Marshall
    County
    Madison
    State
    North Carolina
    Longitude
    -82.623823
    Latitude
    35.848188

    Nearby Similar for Sale

    • $12,490

      Land in Gated Community

      1.31 acre parcel with creek access and mountain views.
      Bear River Lodge lot: 105, , NC 28753
      View Details
    • $9,900

      Land in Gated Community

      5.23+- acre parcel in Bear River Lodge community.
      Bear River Lodge Trail lot: 78, , NC 28753
      View Details
    • $650,000

      Untouched Acreage in Marshall, NC

      94.80 acres of unrestricted land near outdoor attractions.
      Grapevine Road, Marshall, NC 28753
      View Details
    • $900,000
      6,000 SF

      Occupied Self-Storage Facility with Residence

      68-unit self-storage facility with residential options in Madison County.
      58 Guntertown Road, Marshall, NC 28753
      View Details
    • $99,000

      Marshall, NC Homesite Opportunity

      1.6-acre homesite in Madison County with community amenities.
      76 Dancing Wind Lane, Marshall, NC 28753
      View Details
    • $150,000

      Cleared Homesite with Mountain Views

      3.62-acre homesite with infrastructure and mountain views.
      890 Fisher Branch Road, Marshall, NC 28753
      View Details
    • $15,000

      Land in Gated Mountain Community

      3.39 acre lot with mountain views and privacy.
      Bear River Lodge Trail lot: 127, Marshall, NC 28753
      View Details
    • $149,900

      Marshall, NC Land Homesite

      2.29-acre homesite with views and community amenities in Marshall, NC.
      51 Wild Turkey Loop, Marshall, NC 28753
      View Details
    • $79,000

      Scenic Land Parcel in Marshall

      5.86 acres with mountain views near Marshall and Mars Hill.
      99999 Morgan Branch Road, Marshall, NC 28753
      View Details
    • $279,000

      Marshall, NC Pasture Land

      9.52 acres of pasture land perfect for homesteading.
      330 Tilson Branch Road, Marshall, NC 28753
      View Details
    • $100,000

      Land in Gated Community

      2-acre lot with mountain views, ready for custom home.
      149 Turkey Trot Trail, Marshall, NC 28753
      View Details
    • $55,000

      Marshall Land with River Views

      1.8-acre parcel with long-range views near French Broad River.
      99999 Anderson Branch, Marshall, NC 28753
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lot with potential views near Mars Hill University.
    Where is this land located?
    The property is located at The Vines Boulevard Marshall, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Buildable lot with potential for panoramic long‑range views.; Convenient location: just 10 minutes to Mars Hill and 30 minutes to Asheville.; Underground power and fiber optic internet available.
    (828) 280-1751
    We can help!
    Listing Contact
    Mark Mennone
    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
    The Vines Boulevard, Marshall, NC 28753
    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!