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    For Sale (37)

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    Picturesque Land in Mills River
    $1,150,000
    10.00 Acres

    Picturesque Land in Mills River

    10 acres in Hendersonville, ideal for equestrian or farming.

    997 Tole Allison Rd, Mills River, NC 28759
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    Brevard Land Development Opportunity
    $550,000
    4.01 Acres

    Brevard Land Development Opportunity

    4.01 acres in city limits with utilities access.

    481 Fisher Rd, Brevard, NC 28712
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    Unrestricted Land in Lake Toxaway
    $350,000
    7.15 Acres

    Unrestricted Land in Lake Toxaway

    7+ acres with mountain views, well, septic, and metal barn.

    181 Pathkiller Rd, Lake Toxaway, NC 28747
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    Land in Gated Community
    $165,000
    5.18 Acres

    Land in Gated Community

    5.18 acres in a gated community with mountain views.

    Willow Run Ln, Zirconia, NC 28790
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    Rosman Land with Mountain Views
    $89,900
    2.60 Acres

    Rosman Land with Mountain Views

    Land with long-range mountain views in a gated community.

    79 Peppervine Cir, Rosman, NC 28772
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    Residential Land in Tranquil Setting
    $43,700
    1.19 Acres

    Residential Land in Tranquil Setting

    Generously sized lot near downtown Saluda, perfect for mountain retreat.

    Rhododendron Dr, Saluda, NC 28773
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    Residential Land in Hendersonville, NC
    $38,500
    0.57 Acres

    Residential Land in Hendersonville, NC

    0.57 acre lot in Hendersonville, build your dream home.

    88 Hamilton Acres Dr, Hendersonville, NC 28791
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    Unrestricted Land with Mountain Views
    $440,230
    23.17 Acres

    Unrestricted Land with Mountain Views

    23+ acres with mountain views near Pisgah National Forest.

    King Rd, Pisgah Forest, NC 28768
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    Residential Lot in West Asheville
    $90,000
    0.13 Acres

    Residential Lot in West Asheville

    Rare opportunity to build in the heart of West Asheville.

    99999 Peace St, Asheville, NC 28806
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    Land in Little Warrior Mountain
    $37,400
    1.03 Acres

    Land in Little Warrior Mountain

    Generously sized lot in a tranquil mountain setting near Saluda.

    Azalea Way, Saluda, NC 28773
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    Land in Tranquil Saluda Setting
    $49,600
    1.42 Acres

    Land in Tranquil Saluda Setting

    Generously sized lot near downtown Saluda, perfect for mountain retreat.

    Rhododendron Dr, Saluda, NC 28773
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    Land in Little Warrior Mountain
    $45,200
    1.09 Acres

    Land in Little Warrior Mountain

    Generously sized lot in a tranquil mountain setting near Saluda.

    Rhododendron Dr, Saluda, NC 28773
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    Unrestricted Land Near Pisgah Forest
    $330,000
    18.33 Acres

    Unrestricted Land Near Pisgah Forest

    18.33 acres near Pisgah National Forest and Dupont Forest.

    Normcol Rd, Pisgah Forest, NC 28768
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    Land in Gated Community
    $92,000
    2.62 Acres

    Land in Gated Community

    2.62 acres in a gated community with mountain views.

    Willow Run Ln, Zirconia, NC 28790
    View details
    Commercial Opportunity in Straus Park
    $69,000
    0.20 Acres

    Commercial Opportunity in Straus Park

    Premier commercial opportunity in Brevard's Straus Park community.

    14 Park Pl, Brevard, NC 28712
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    Rosman, NC Land Parcel
    $148,000
    5.68 Acres

    Rosman, NC Land Parcel

    5.6 acre land parcel in Round Mountain Falls community.

    30 Abby Fls Dr, Rosman, NC 28772
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    Rosman, NC Land with Waterfalls
    $2,600,000
    231.98 Acres

    Rosman, NC Land with Waterfalls

    231.98 acres in Transylvania County with waterfalls and mountain views.

    Nancy Mountain Rd, Rosman, NC 28772
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    Residential Land in Hendersonville, NC
    $50,000
    0.83 Acres

    Residential Land in Hendersonville, NC

    Nearly one-acre lot in Hendersonville, build your dream home.

    Hamilton Acres Dr, Hendersonville, NC 28792
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    Acre Homesite with Mountain Views
    $165,000
    1.01 Acres

    Acre Homesite with Mountain Views

    Acre homesite with southern-facing mountain views in gated community.

    142 Mountain Elder Ln, Hendersonville, NC 28739
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    Land in Little Warrior Mountain
    $38,200
    1.04 Acres

    Land in Little Warrior Mountain

    Generously sized lot in tranquil setting near downtown Saluda, NC.

    Azalea Way, Saluda, NC 28773
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    Ready-to-Build Homesite with Mountain Views
    $118,500
    1.35 Acres

    Ready-to-Build Homesite with Mountain Views

    Private 1.35-acre homesite in Hendersonville with utilities in place.

    Davenport Hl Rd, Hendersonville, NC 28739
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    Land with Mountain and Creek Views
    Contact for pricing
    2.75 Acres

    Land with Mountain and Creek Views

    2.75-acre lot with amenities in Round Mountain Falls community.

    67 Peppervine Cir, Rosman, NC 28772
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    Land in Little Warrior Mountain
    $42,000
    1.12 Acres

    Land in Little Warrior Mountain

    Generously sized lot in tranquil mountain setting near Saluda, NC.

    Azalea Way, Saluda, NC 28773
    View details
    Unrestricted Mountain Land with Stream
    $200,000
    8.40 Acres

    Unrestricted Mountain Land with Stream

    8.4 acres of unrestricted land with stream near Brevard.

    128 Morgan Mountain Rd, Rosman, NC 28772
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    Mills River Land For Sale
    $90,000
    1.00 Acre

    Mills River Land For Sale

    One-acre parcel with groundwork completed for building a home.

    00002 Ray Hill Rd, Mills River, NC 28759
    View details
    Secluded Lot with Waterfall Views
    $38,000
    2.74 Acres

    Secluded Lot with Waterfall Views

    Private 2.74-acre lot with streams, waterfall views, and amenities.

    43 Abby Fls Dr, Rosman, NC 28772
    View details
    Commercial Opportunity in Straus Park
    $69,000
    0.20 Acres

    Commercial Opportunity in Straus Park

    Premier commercial land in Brevard's Straus Park community.

    42 Park Pl, Brevard, NC 28712
    View details
    Unrestricted Land in Lake Toxaway
    $350,000
    7.15 Acres

    Unrestricted Land in Lake Toxaway

    7+ acres with mountain views, well, septic, and barn.

    181 Pathkiller Rd, Lake Toxaway, NC 28747
    View details
    Residential Land in Hendersonville, NC
    $90,000
    1.40 Acres

    Residential Land in Hendersonville, NC

    1.41 acre lot with city water, buildable, utilities in place.

    Hamilton Acres Dr, Hendersonville, NC 28791
    View details
    Unrestricted Land Near Ecusta Trail
    $499,000
    11.88 Acres

    Unrestricted Land Near Ecusta Trail

    12 acres near Ecusta Trail with development potential.

    97 Yale Rd, Hendersonville, NC 28739
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    Land in Gated Community
    $93,000
    2.11 Acres

    Land in Gated Community

    2.11 acres in a quiet, gated community with mountain views.

    Willow Run Ln, Zirconia, NC 28790
    View details
    Ready-to-Build Lot in Brevard
    $155,000
    0.12 Acres

    Ready-to-Build Lot in Brevard

    Level lot with city water/sewer taps near downtown Brevard.

    Whitmire St, Brevard, NC 28712
    View details
    Concord Commercial Land Opportunity
    $850,000
    2.07 Acres

    Concord Commercial Land Opportunity

    2.07 Acres, Multi-Use Potential, $850,000

    1281 Old Charlotte Rd, Concord, NC 28027
    View details
    Mini Farm with Garden Soil
    Contact for pricing

    Mini Farm with Garden Soil

    3-acre mini farm with garden, fruit, pasture, and sheds.

    4555 Island Ford Rd, Brevard, NC 28712
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    Corner Lot in Straus Park
    Contact for pricing

    Corner Lot in Straus Park

    Corner lot with high visibility in upscale commercial community.

    42 Park Pl, Brevard, NC 28712
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    Corner Lot in Straus Park
    Contact for pricing

    Corner Lot in Straus Park

    Corner lot with high visibility in upscale commercial community.

    14 Park Pl, Brevard, NC 28712
    View details
    Mountain Elder Lane Land Parcel
    $165,000

    Mountain Elder Lane Land Parcel

    Land parcel available on Mountain Elder Lane.

    142 Mountain Elder Ln, Hendersonville, NC 28739
    View details

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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
    BluAxis Realty
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