Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (828) 676-7264
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (17)

    View map
    Mills River Homesites For Sale
    $1,200,000
    6.91 Acres

    Mills River Homesites For Sale

    Eight-lot subdivision in Mills River with permits ready for construction.

    Old Haywood Rd, Mills River, NC 28759
    View details
    Mills River Development Opportunity
    $900,000
    8.95 Acres

    Mills River Development Opportunity

    Development land in sought-after Mills River location.

    Old Haywood Rd, Mills River, NC 28759
    View details
    Mills River Development Opportunity
    $900,000
    8.95 Acres

    Mills River Development Opportunity

    Prime land for residential development near Asheville and Pisgah Forest.

    Old Haywood Rd, Mills River, NC 28759
    View details
    Mills River Land For Sale
    $1,200,000
    6.91 Acres

    Mills River Land For Sale

    Eight-lot subdivision in Mills River, ready for construction.

    Old Haywood Rd, Mills River, NC 28759
    View details
    Wooded Homesite in Kenmure Community
    $89,000
    1.20 Acres

    Wooded Homesite in Kenmure Community

    1.2-acre homesite with amenities near downtown Hendersonville.

    360 Kenmure Dr, Flat Rock, NC 28731
    View details
    Mars Hill Land Opportunity
    $85,000
    4.92 Acres

    Mars Hill Land Opportunity

    Two adjoining parcels totaling 4.92 acres near Mars Hill.

    44 Poplar Path, Mars Hill, NC 28754
    View details
    Mills River Buildable Lot
    $68,950
    1.02 Acres

    Mills River Buildable Lot

    Buildable lot in High Vista with potential panoramic views.

    9999 Walnut Dr, Mills River, NC 28759
    View details
    Unrestricted Land in Sandy Mush
    $996,300
    41.00 Acres

    Unrestricted Land in Sandy Mush

    41 acres of unrestricted land ideal for equestrian estate.

    411 Big Sandy Mush Rd, Leicester, NC 28748
    View details
    Columbus, NC Land Opportunity
    $72,000
    4.08 Acres

    Columbus, NC Land Opportunity

    4.08 acre lot in gated community near Tryon.

    Ragans Pointe, Columbus, NC 28722
    View details
    Land Parcel in Avery Park
    $60,000
    0.94 Acres

    Land Parcel in Avery Park

    Nearly 1 acre homesite in Arden, North Carolina.

    808 Stoney Stream Ln, Arden, NC 28704
    View details
    Land in Mills River
    $190,000
    1.37 Acres

    Land in Mills River

    1.37 acre lot near Pisgah National Forest.

    Red Eft Way, Horse Shoe, NC 28742
    View details
    Tuckasegee Land with Lake Access
    $595,000
    13.85 Acres

    Tuckasegee Land with Lake Access

    13+ acres with lake access and mountain views.

    15B Von Trapp Ln, Tuckasegee, NC 28783
    View details
    Land Near Brevard with Creek
    $259,000
    2.80 Acres

    Land Near Brevard with Creek

    2.8 acres near Brevard, NC, with creek and utilities.

    Tbd Tract C Pole Miller Ext, Brevard, NC 28712
    View details
    Laurel Park Acreage Available
    $55,000
    1.01 Acres

    Laurel Park Acreage Available

    Acreage in Laurel Park with city utilities available.

    Davis Mountain Rd, Laurel Park, NC 28739
    View details
    Lake Lure Class A Lot
    $120,000
    0.15 Acres

    Lake Lure Class A Lot

    Oversized Class A Motor Coach lot with mountain views.

    133 Cornell Cir, Lake Lure, NC 28746
    View details
    Mountain Land Parcel Near Asheville
    Contact for pricing
    1.21 Acres

    Mountain Land Parcel Near Asheville

    1.21-acre mountaintop parcel near Asheville with potential views.

    Granny Shepherd Rd, Mars Hill, NC 28754
    View details
    Creek Front Homesite in Hillcrest
    $37,900
    1.59 Acres

    Creek Front Homesite in Hillcrest

    Creek front homesite in gated community, partially cleared, financing available.

    19 Sunset Dr, Mill Spring, NC 28756
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    One Group WNC LLC
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    One Group WNC LLC
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!