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    Property profile & analytics

    240 Prison Cp Rd Newland, NC 28657-8607

    • Office buildings
    • 2,094 SF
    • 102.16 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Location Intelligence
    Property ID
    US53-2741557
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 240 Prison Cp Rd

    Year built
    1990
    Lot size
    102.16 lot acres
    Property size
    2,094 SF
    Property type
    Office buildings
    APN
    18220008349000000
    APU
    18220008349000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newland
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9743
    Latitude
    35.9902

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,358
    $441,300
    $148,100
    $589,400
    -
    $441,300
    $148,100
    $589,400

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      148 Bowman Rd

      OFFICE BUILDING • 1,600 SF
      148 Bowman Rd, Newland, NC 28657
      View Details
    • Value Estimation by Request
      600 SF

      127 Pineola St

      OFFICE BUILDING • 600 SF
      127 Pineola St, Newland, NC 28657
      View Details
    • Value Estimation by Request
      3,582 SF

      4236 Linville Fls Hwy

      OFFICE BUILDING • 3,582 SF
      4236 Linville Fls Hwy, Newland, NC 28657-8007
      View Details
    • Value Estimation
      $175,000
      1,160 SF

      Hwy Hwy

      OFFICE BUILDING • 1,160 SF
      Hwy Hwy, Newland, NC 28657
      View Details
    • Value Estimation
      $265,000
      1,156 SF

      1243 Elk Park Hwy

      OFFICE BUILDING • 1,156 SF
      1243 Elk Park Hwy, Newland, NC 28657-7846
      View Details
    • Value Estimation
      $445,000
      3,360 SF

      61 Jonas Rdg Hwy

      OFFICE BUILDING • 3,360 SF
      61 Jonas Rdg Hwy, Newland, NC 28657
      View Details

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    240 Prison Cp Rd
    Newland, NC 28657-8607
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    Realmo Value Estimation

    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.

    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.

    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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