Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    161 Riverbend Forest Drive unit 9 Asheville, NC 28805

    View on Map
    New
    For Sale
    $195,000

    LAND - Asheville, NC

    Lot size:
    0.93 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 161 Riverbend Forest Drive unit 9

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9668-99-6235
    Lot size
    0.93 Acres

    Taxes and HOA fees

    TaxDescription
    See Deed

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Water source
    Well

    We can help!

    Listing Contact
    Laura Moye
    Laura Moye

    Listing agent Laura Moye License #253714

    Listing office Mosaic Community Lifestyle Realty 46 Orchard Street, Suite 100, Asheville, NC

    Listing date Mar 31, 2026

    MLS# 4338449

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asheville Land in Riverbend Forest

    This 0.93-acre lot is located in the Riverbend Forest community and offers short-range views of the mountains. Situated minutes from downtown Asheville, the Charles George VA Medical Center, Black Mountain, and the Blue Ridge Parkway, the property combines convenience and tranquility. The location provides access to dining, shopping, healthcare, and outdoor activities. This property in Asheville, North Carolina, is suited for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.465729
    Latitude
    35.593655

    Nearby Similar for Sale

    • $4,500,000

      Asheville Bed and Breakfast Opportunity

      Historic property near downtown Asheville with income potential.
      173 E Chestnut Street, Asheville, NC 28801
      View Details
    • $2,700,000

      Prime Asheville Redevelopment Opportunity

      Two parcels totaling 0.78 acres in desirable Grace Neighborhood.
      853 Merrimon Avenue, Asheville, NC 28804
      View Details
    • $350,000

      Asheville Commercial Land For Sale

      0.37-acre parcel in vibrant district with development potential.
      865 Haywood Road, Asheville, NC 28806
      View Details
    • $350,000

      Asheville Commercial Land For Sale

      0.37-acre parcel with development potential in a vibrant Asheville district.
      865 Haywood Road, Asheville, NC 28806
      View Details
    • $349,000

      Asheville Multifamily Income Property

      Duplex with income potential, convenient location, and outdoor amenities.
      8 Linda Vista Drive, Asheville, NC 28806
      View Details
    • $250,000

      Riverside Drive Commercial Opportunity

      Commercial property with river access and development potential in Asheville.
      704 Riverside Drive, Asheville, NC 28801
      View Details
    • $4,900,000

      Downtown Asheville Mixed-Use Opportunity

      24,000 SF mixed-use building in downtown Asheville for sale.
      124 College Street, Asheville, NC 28801
      View Details
    • $5,950,000

      Commercial Land in Asheville, NC

      Prime commercial lots in high-growth Asheville corridor.
      Brevard Road lot: #2, Asheville, NC 28806
      View Details
    • $250,000

      Haywood Road Building Lot

      Commercial lot in West Asheville, suitable for various development projects.
      889 Haywood Road, Asheville, NC 28806
      View Details
    • $250,000

      West Asheville Building Lot

      Commercial lot in West Asheville, zoned for mixed-use development.
      889 Haywood Road, Asheville, NC 28806
      View Details
    • $425,000

      Asheville Duplex Near Greenway

      Duplex in West Asheville with greenway access and income potential.
      448 Sand Hill Road, Asheville, NC 28806
      View Details
    • $9,885,000

      Commercial Land in High Growth Location

      Prime commercial lots in Asheville's high-growth corridor, ready for development.
      Brevard Road lot: #4, Asheville, NC 28806
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.93-acre lot near Asheville, perfect for a mountain retreat.
    Where is this residential land & home lot located?
    The property is located at 161 Riverbend Forest Drive unit 9 Asheville, NC.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Desirable Riverbend Forest community location.; Conveniently located minutes from downtown Asheville, Charles George VA Medical Center, Black Mountain, and the Blue Ridge Parkway.; **0.93‑acre gentle lot, perfect for building.**
    (828) 301-4518
    We can help!
    Listing Contact
    Laura Moye
    Laura Moye
    Real Estate License ID: 253714
    Learn More
    Request Owner's contact information
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!