Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Level Lot in Gated Community Title is generated by Realmo AI

    Woodstock Lane, Rutherfordton, NC 28139

    View on Map
    Claim this Listing
    For Sale
    $32,000

    LAND - Rutherfordton, NC

    Lot size:
    1.51 Acres
    Added:
    Feb 13, 2024
    Days on Market:
    825
    Last Refresh:
    May 18 at 3:06 pm

    Property Features for Woodstock Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1640846
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Tax Description
    CLEARWATER CREEK PH 8 LT 176 PB 27 PG 67-69

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Mike Spurlin
    Mike Spurlin

    Listing agent Mike Spurlin License #307771

    Listing office Odean Keever & Associates, Inc. 901 Railroad Ave, Forest City, NC

    Listing date Feb 13, 2024

    MLS# 4109009

    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

    • 1.51 acre level building site.
    • Located in the gated community of Clearwater Creek.
    • Enjoy the creek on the back side of the property.
    • Paved roads within the community.
    • Community includes a commons area.
    • Minutes from Rutherfordton and 1 hour from Charlotte and Asheville.

    Overview

    This is a 1.51-acre, level building site located in the gated community of Clearwater Creek near Rutherfordton, North Carolina. The property features a creek on the back side. The community provides a commons area and paved roads. It is located minutes from Rutherfordton and approximately one hour from Charlotte and Asheville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rutherfordton
    County
    Rutherford
    State
    North Carolina
    Longitude
    -82.006561
    Latitude
    35.411113

    Nearby Similar for Sale

    • $299,900

      Rutherfordton Commercial Opportunity For Sale

      Versatile commercial property with high visibility in Rutherfordton, North Carolina.
      123 Park Lane Drive, Rutherfordton, NC 28139
      View Details
    • $69,900

      Rutherfordton Land with Mountain Views

      Nearly 6-acre lot with mountain views in private setting.
      Hope Drive, Rutherfordton, NC 28139
      View Details
    • $28,000

      Rutherfordton Vacant Land Opportunity

      3.35-acre vacant lot in Clearwater Creek Community.
      Creekside Circle, Rutherfordton, NC 28139
      View Details
    • $49,900

      Wooded Lot in Clearwater Creek

      Private wooded lot near downtown Rutherfordton, North Carolina.
      Overstone Drive, Rutherfordton, NC 28139
      View Details
    • $125,000

      Riverfront Lot in Gated Community

      3-acre riverfront lot in Green River Highlands.
      99999 River Crest Parkway, Rutherfordton, NC 28139
      View Details
    • $139,000

      Versatile Commercial Property on Main

      Prime commercial opportunity in Rutherfordton with multiple possibilities.
      125 S Main Street, Rutherfordton, NC 28139
      View Details
    • $215,000

      9.39 Acres of Unrestricted Land

      Versatile 9.39-acre tract suitable for farming, livestock, hunting, or homesite.
      Sandy Springs Road, Rutherfordton, NC 28139
      View Details
    • $49,500

      Rutherfordton Land Ready to Build

      Cleared land with septic, driveway, ready for construction.
      125 Big Cedar Drive, Rutherfordton, NC 28139
      View Details
    • $45,900

      Rutherfordton Land with Tranquil Stream

      3.35 acres of partially wooded land with stream.
      Shady Bark Lane, Rutherfordton, NC 28139
      View Details
    • $35,000

      Rutherfordton Land For Sale

      0.71 acre commercial land available in Rutherfordton, North Carolina.
      Chimney Rock Road, Rutherfordton, NC 28139
      View Details
    • $695,000

      Rutherfordton Office Building For Sale

      Immaculate office building in prime Rutherfordton location.
      147 E Court Street, Rutherfordton, NC 28139
      View Details
    • $30,000

      Rutherfordton Land Near Equestrian Center

      Gated community lot near Tryon International Equestrian Center.
      Valley Drive, Rutherfordton, NC 28139
      View Details

    FAQs

    What type of property is this?
    Land - 1.51 acre building site in Clearwater Creek near Rutherfordton.
    Where is this land located?
    The property is located at Woodstock Lane Rutherfordton, NC.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: 1.51 acre level building site.; Located in the gated community of Clearwater Creek.; Enjoy the creek on the back side of the property.
    (828) 980-8010
    We can help!
    Listing Contact
    Mike Spurlin
    Mike Spurlin
    Real Estate License ID: 307771
    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
    Woodstock Lane, Rutherfordton, NC 28139
    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!