Technical
Financial
Distress signals
Property profile

1079 Round Rock Rd Lenoir, NC 28645

OFF-MARKET
Land
2.9 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2.9-acre commercial land parcel presents a unique investment opportunity in the desirable Coves Mountain River Club, located at 1079 Round Rock Rd, Lenoir, NC 28645. Priced at $49,900, this property offers significant potential for development within a gated community boasting an array of amenities. The expansive lot provides ample space for various commercial ventures, while its location within the 3500+ acre Coves Mountain River Club ensures a tranquil and picturesque setting. Enjoy potential mountain views, mature trees, and a high degree of privacy. Community amenities include a clubhouse with a fitness center, swimming pool, hot tub, and fire pit, all offering stunning views of the South and Blue Ridge Mountains, including iconic peaks like Grandfather, Table Rock, and Hawksbill. Extensive walking trails wind throughout the community, and residents have access to an equestrian center, a community garden, and a vineyard situated along the Johns River, perfect for kayaking, fishing, or gold panning. A key advantage is the absence of any building deadlines, allowing for flexible development timelines. Owner financing is available, making this an even more attractive proposition for discerning investors. This property is ideally suited for those seeking a blend of commercial potential and a serene, amenity-rich environment. Don't miss this chance to acquire a piece of this remarkable community.

Property profile

Verified
Property type Land
Lot 2.9 ac (126,324 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1079 Round Rock Rd Lenoir, NC 28645
Lenoir metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1079 Round Rock Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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