Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9999 Windmere Ln Marshall, NC 28753
    Back to Search
    Property profile & analytics

    9999 Windmere Ln Marshall, NC 28753

    View on Map
    • Land
    • 32.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9999 Windmere Ln

    Lot size
    32.30 lot acres
    Property type
    Land

    Description

    This exceptional bulk offering encompasses eight platted residential lots nestled on a sprawling 32.3-acre parcel in the desirable Whisper Mountain area of Marshall, North Carolina. Located at 9999 Windmere Lane, zip code 28753, this property presents a unique investment opportunity. The land boasts stunning views and is enhanced by the convenience of an existing private access road, eliminating the need for extensive infrastructure development. Grading has already been completed on these lots, significantly reducing the time and cost associated with site preparation. Each lot is ready for immediate development, making this an ideal acquisition for builders or investors seeking to capitalize on the high demand for residential properties in this picturesque North Carolina setting. The latitude and longitude coordinates are 35.7972953 and -82.6840319 respectively. The asking price for the entire 32.3-acre parcel, including all eight platted lots, is $607,500. This represents a significant value proposition given the existing infrastructure and prime location. The property is zoned for residential use. Buyers will appreciate the privacy afforded by the secluded location while still enjoying convenient access to nearby amenities. This is a rare opportunity to acquire a substantial land holding with significant development potential in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Madison
    State
    North Carolina
    Longitude
    -82.684
    Latitude
    35.7973

    Comparable in this City

    • Value Estimation by Request

      Whisper Mtn Dr

      Land
      0 Whisper Mtn Dr, Marshall, NC 28753
      View Details
    • Value Estimation by Request
      4.50 Acres

      Whisper Mtn Dr

      Land • 4.50 Acres
      0 Whisper Mtn Dr, Marshall, NC 28753
      View Details
    • Value Estimation by Request
      18.00 Acres

      0000 Whisper Mountain Dr

      Land • 18.00 Acres
      0000 Whisper Mountain Dr, Leicester, NC 28753
      View Details
    • Value Estimation by Request
      680.00 Acres

      99999 Spillcorn Rd

      Farms • 680.00 Acres
      99999 Spillcorn Rd, Marshall, NC 28753
      View Details
    • Value Estimation by Request
      137.00 Acres

      1592 Bone Camp Rd

      Land • 137.00 Acres
      1592 Bone Camp Rd, Marshall, NC 28753
      View Details
    • Value Estimation by Request
      600 SF

      2222 Old Hwy 20

      MOBILE HOME PARK, TRAILER PARK • 600 SF
      2222 Old Hwy 20, Marshall, NC 28753-9060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Mountain Land with Creek Access

      5+/- acre mountain property with creek in Madison County, NC.
      Foster Creek Rd, Marshall, NC 28753
      View Details
    • $50,000
      1.20 Acres

      Unrestricted Land Parcel in Marshall, NC

      1.2-acre unrestricted land near outdoor activities and mountain towns.
      Tbd 1.2 Acres Jass Cv Rd, Marshall, NC 28753
      View Details
    • $79,000
      5.86 Acres

      Scenic Land Parcel in Marshall

      5.86 acres with mountain views near Marshall and Mars Hill.
      99999 Morgan Branch Rd, Marshall, NC 28753
      View Details
    • $1,495,000
      Pending

      Large Acreage Mountain Land Tract

      137-acre mountain tract near Asheville with development potential.
      1592 Bone Camp Rd, Marshall, NC 28753
      View Details
    • Contact for pricing

      Land For Sale

      Land available in Marshall, North Carolina.
      301 The Vines Blvd, Marshall, NC 28753
      View Details
    • New
      Contact for pricing
      0.85 Acres

      Buildable Lot in The Vines

      Buildable lot with potential views near Mars Hill University.
      The Vines Blvd, Marshall, NC 28753
      View Details
    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.
    9999 Windmere Ln
    Marshall, NC 28753
    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
    9999 Windmere Ln, 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!