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    For Sale (16)

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    Renovated Commercial Space in Hot Springs
    $299,000
    0.01 Acres

    Renovated Commercial Space in Hot Springs

    Newly renovated commercial property in thriving Hot Springs, North Carolina.

    24 Andrews Ave S, Hot Springs, NC 28743
    View details
    Columbus, NC Mountain View Lot
    $49,900
    2.72 Acres

    Columbus, NC Mountain View Lot

    2.72-acre lot with mountain views in White Oak Mountain.

    Hemlock Trl, Columbus, NC 28722
    View details
    Mountain Land with River Frontage
    $160,000
    33.31 Acres

    Mountain Land with River Frontage

    33.31 acres with river access in Green Mountain, NC.

    Nc Hwy 197, Green Mountain, NC 28740
    View details
    Land in Flat Rock, NC
    $66,395
    0.82 Acres

    Land in Flat Rock, NC

    Land in Flat Rock, NC, near Blue Ridge Mountains.

    99999 Twin Lakes Dr, Flat Rock, NC 28792
    View details
    Hendersonville Land in Historic District
    $119,900
    0.33 Acres

    Hendersonville Land in Historic District

    Residential land for sale in Druid Hills Historic District.

    Upper Ridgewood Blvd, Hendersonville, NC 28739
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    River Arts District Commercial Land
    $1,200,000
    1.50 Acres

    River Arts District Commercial Land

    1.5 acre lot in Asheville's River Arts District.

    458 Riverside Dr, Asheville, NC 28801
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    Hendersonville Commercial Property For Sale
    $1,500,000
    0.49 Acres

    Hendersonville Commercial Property For Sale

    Commercial property with real estate, business, inventory, and equipment included.

    2212 Asheville Hwy, Hendersonville, NC 28791
    View details
    Lake Lure Mountain Retreat Land
    $30,000
    4.11 Acres

    Lake Lure Mountain Retreat Land

    4.11 acres in the sought-after Lake Lure area.

    S Poplar Dr, Lake Lure, NC 28746
    View details
    24 Acres in Burnsville, NC
    $239,500
    24.74 Acres

    24 Acres in Burnsville, NC

    24-acre property in the mountains of Western North Carolina.

    99999 Wind Swept Dr, Burnsville, NC 28714
    View details
    Ravenwood Estates Land Opportunity
    $185,000
    2.39 Acres

    Ravenwood Estates Land Opportunity

    Residential land in Fletcher, NC, ready for custom build.

    Ravenwood Dr, Fletcher, NC 28732
    View details
    Pinnacle Mountain Wooded Lot
    $149,900
    3.76 Acres

    Pinnacle Mountain Wooded Lot

    Wooded 3.76-acre lot with potential views in Zirconia, NC.

    Boone Top, Zirconia, NC 28790
    View details
    Leicester, NC Land Opportunity
    Contact for pricing
    0.83 Acres

    Leicester, NC Land Opportunity

    0.83-acre lot in gated community with mountain views.

    Jerome Ln, Leicester, NC 28748
    View details
    Land with Mountain View
    $65,000
    0.74 Acres

    Land with Mountain View

    Residential lot in Arden, NC, with mountain views.

    99999 Christa Ln, Arden, NC 28742
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    Hendersonville Storefront with Inventory
    Contact for pricing
    4,000 SF

    Hendersonville Storefront with Inventory

    Storefront property sale includes real estate, business, inventory, and equipment.

    2212 Asheville Hwy, Hendersonville, NC 28791
    View details
    Historic Black Mountain Inn Opportunity
    $1,500,000
    4,703 SF

    Historic Black Mountain Inn Opportunity

    Historic 1830 inn on 2.24 acres in Black Mountain.

    1186 Old Us 70 Hwy, Black Mountain, NC 28711
    View details
    Renovated Commercial Building in Hot Springs
    $325,000
    1,108 SF

    Renovated Commercial Building in Hot Springs

    Fully renovated commercial building in the heart of Hot Springs.

    24 Andrews Ave S, Hot Springs, NC 28743
    View details

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    Modern Mountain Real Estate Company
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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
    Modern Mountain Real Estate Company
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