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    000 Tater Hill Rd Zionville, NC 28698

    • Land
    • 96.00 lot acres
    For Sale
    View listing
    $672,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Tater Hill Rd

    Lot size
    96.00 lot acres
    Property type
    Land

    Description

    Exceptional opportunity to acquire 96 acres of commercial land in Zionville, North Carolina. This expansive property, located at 000 Tater Hill Road, boasts stunning long-range views of Beech Mountain and the surrounding Appalachian landscape. Situated less than 10 miles from Appalachian State University in Watauga County, this location offers unparalleled convenience and access to amenities. The land itself features a diverse terrain of rolling hills, lush meadows, and wooded areas, presenting a unique canvas for a variety of development possibilities. Imagine a dream estate, an equestrian center, or a sustainable homestead – the potential is vast. This rare offering of large acreage provides a tranquil setting while remaining close to Boone, NC and all its offerings. The property's captivating mountain views and proximity to outdoor recreation opportunities make it an ideal investment for those seeking a blend of natural beauty and strategic location. This is a chance to own a significant piece of the Appalachian landscape and capitalize on its exceptional potential. The asking price is $672,000. The property's zip code is 28698.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zionville
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.7418
    Latitude
    36.2824

    Comparable in this City

    • Value Estimation
      $625,000
      4,000 SF

      150 Shop Dr

      OFFICE (GENERAL) • 4,000 SF
      150 Shop Dr, Zionville, NC 28698
      View Details
    • Value Estimation by Request
      3,468 SF

      2278 Silverstone Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,468 SF
      2278 Silverstone Rd, Zionville, NC 28698-9585
      View Details
    • Value Estimation by Request
      2,688 SF

      8183 Old Us Hwy 421

      WAREHOUSE, STORAGE • 2,688 SF
      8183 Old Us Hwy 421, Zionville, NC 28698
      View Details
    • Value Estimation by Request
      520 SF

      9264 Us Hwy 421st N

      WAREHOUSE, STORAGE • 520 SF
      9264 Us Hwy 421st N, Zionville, NC 28698-9056
      View Details
    • Value Estimation by Request
      1,536 SF

      12416 Us Hwy 421st N

      OFFICE BUILDING • 1,536 SF
      12416 Us Hwy 421st N, Zionville, NC 28698-9037
      View Details
    • Value Estimation by Request
      2,184 SF

      1196 Silverstone Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,184 SF
      1196 Silverstone Rd, Zionville, NC 28698
      View Details

    Similar Nearby for Sale

    • $125,000

      Land with Mountain Views

      3.57 acres of cleared land near Boone, North Carolina.
      8173 Old Us Highway 421, Zionville, NC 28698
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    • $672,000
      96.00 Acres

      96 Acres, Zionville, NC

      Prime Commercial Land: Mountain Views, 96 Acres
      000 Tater Hill Rd, Zionville, NC 28698
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    • $99,000
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      Zionville Land in Gated Community

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      Tbd Buffalo Nvno Dr, Zionville, NC 28698
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    • $285,000
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      Zionville Land with Mountain Views

      19.68 acres with long-range views in Silverleaf community.
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    • $399,000
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      Land in Gated Community

      18.41 acres in Sunalei Preserve, long-range mountain views.
      NE Moddock Rd, Zionville, NC 28698
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    • $3,499,999

      Expansive Farm with Mountain Views

      243+ acre farm with farmhouse and Blue Ridge views.
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    000 Tater Hill Rd
    Zionville, NC 28698
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    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
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