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    Oversized Lot in Gated Community
    Contact for pricing
    1.56 Acres

    Oversized Lot in Gated Community

    1.56 acre lot in Cummings Cove with many amenities.

    271 Mountain Morning Ln, Hendersonville, NC 28739
    View details
    LAND - Marion, NC
    $45,000
    1.19 Acres

    LAND - Marion, NC

    Residential land & home lots • 1.19 Acres

    Waterfall Dr, Marion, NC 28752
    View details
    Black Mountain Land Ready to Build
    $65,000
    0.32 Acres

    Black Mountain Land Ready to Build

    Flat, build-ready lot in gated Black Mountain community.

    68 Cottage Settings Ln, Black Mountain, NC 28711
    View details
    Bright's Creek Homesite with Waterfall
    $95,000
    1.83 Acres

    Bright's Creek Homesite with Waterfall

    1.83-acre homesite in Bright's Creek with waterfall.

    99999 Chesterfield Dr, Mill Spring, NC 28756
    View details
    Bright's Creek Homesite with Views
    $85,000
    2.28 Acres

    Bright's Creek Homesite with Views

    2.28-acre homesite in Bright's Creek with mountain views.

    99999 Chesterfield Dr, Mill Spring, NC 28756
    View details
    Elevated Lot with Mountain Views
    Contact for pricing
    0.76 Acres

    Elevated Lot with Mountain Views

    Residential lot in gated community with optional amenities.

    40 Cedar Dr, Mills River, NC 28759
    View details
    Hendersonville Land Ready For Development
    $250,000
    1.90 Acres

    Hendersonville Land Ready For Development

    1.9 acre lot near downtown Hendersonville with utilities.

    122 Glover St, Hendersonville, NC 28792
    View details
    Marshall, NC Land with Views
    $225,000
    10.44 Acres

    Marshall, NC Land with Views

    10.4+ acres with mountain views, streams, and subdividable potential.

    99999 Bear Creek Rd, Marshall, NC 28753
    View details
    Mountain Top Lot with Views
    $274,900
    0.91 Acres

    Mountain Top Lot with Views

    Residential lot with panoramic views in Weaverville, North Carolina.

    5 Longstreet Ct, Weaverville, NC 28787
    View details
    Mills River Land Opportunity
    $42,000
    2.63 Acres

    Mills River Land Opportunity

    2.63 acres in High Vista community, priced to sell!

    9999 Laurel Dr, Mills River, NC 28759
    View details
    Expansive Acreage Retreat Building Site
    $140,000

    Expansive Acreage Retreat Building Site

    Private acreage with mountain views, convenient to amenities and activities.

    99999 Mcdaris Rd, Weaverville, NC 28787
    View details

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    Carolina Mountain Sales
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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
    Carolina Mountain Sales
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