Sign Up Successful!
You now have access to more from Realmo!
    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

    77 5A & 13A, Unit 4A Hendersonville, NC 28792

    Sponsored
    For Sale
    $850,000

    LAND - Hendersonville, NC

    Lot size:
    48.40 Acres
    Days on Market:
    49
    Last Refresh:
    Jan 27 at 5:06 am

    Property Features for 77 5A & 13A

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OU
    APN
    061571421400000
    Lot size
    48.40 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well

    We can help!

    Listing Contact
    Derrick Erb

    The Dwell Realty Group (828) 713-7760

    Listing agent Derrick Erb (828) 777-7936

    Listing date Dec 10, 2025

    MLS# 4326695 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Mountain Property with Development Potential

    This 48.4+/- acre mountain property offers rare "mountain-flat" homesites and potential 360-degree views. The land is located at the Summit of Miller Mountain, with an elevation of 3,400 ft. The property has no deed restrictions, providing flexibility for RVs, tiny homes, or a custom mountain estate. According to the county, the land is eligible for division into a 9-tract minor subdivision. A 9 Lot proposal is available upon request. Seasonal long-range northern, eastern, and southern panoramic vistas overlook Hickory Nut Gorge, Rattlesnake Knob, Weed Patch Mountain, and the Black Mountains. The property is development-ready with three approved 3-bedroom septic permits, a newly installed well, and electric service already onsite. The acreage features mature hardwoods, abundant wildlife, and established game trails, and it borders a 300+ acre bird sanctuary. An improved gravel road with end-of-road deeded access is in place. The property is located 15 minutes to Chimney Rock and Lake Lure, and 35 minutes to Black Mountain, Hendersonville, and Asheville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.30138426
    Latitude
    35.4932887

    Nearby Similar for Sale

    • $885,000
      6,300 SF

      Hendersonville Warehouse with Office Space

      Class B warehouse with finished office space near Downtown Hendersonville.
      713 Ray Ave, Hendersonville, NC 28792
      View Details
    • New
      $425,000
      0.63 Acres

      Hendersonville Duplex: Investment Opportunity

      Well-maintained duplex near downtown Hendersonville with income potential.
      135 Haynes St, Hendersonville, NC 28791
      View Details
    • $1,799,000
      50.00 Acres

      50-Acre Apple Orchard Opportunity

      Cherished family farm in Hendersonville, NC, with development potential.
      Tbd Old Clear Crk Rd, Hendersonville, NC 28792
      View Details
    • $1,295,000
      1.24 Acres

      Hendersonville Strip Center Investment Opportunity

      Seven-unit strip center with 100% occupancy in Hendersonville, NC.
      401 Kanuga Rd, Hendersonville, NC 28739
      View Details
    • $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
    • $1,550,000
      1.06 Acres

      Hendersonville Industrial Property For Sale

      Industrial property in established park, less than 1 mile from I-26.
      25 Reeds Way, Hendersonville, NC 28792
      View Details
    • $2,000,000
      0.13 Acres

      Main Street Hendersonville Building

      18,000 sq ft building on Main Street in Hendersonville.
      201 N Main St, Hendersonville, NC 28739
      View Details
    • $1,300,000
      5,612 SF

      Downtown Hendersonville Class A Office

      Class A office space in historic downtown Hendersonville.
      401 N Main St, Hendersonville, NC 28792
      View Details
    • $3,950,000
      72,784 SF

      Adaptive Industrial Space Near Downtown

      72,000+ SF industrial/manufacturing space near Oklawaha Greenway.
      701 Oriole Dr, Hendersonville, NC 28792
      View Details
    • $950,000

      Hendersonville Investment Opportunity

      Two buildings with leasing and owner/user potential in Hendersonville, NC.
      1001 Greenville Hwy, Hendersonville, NC 28739
      View Details
    • $279,000
      1,000 SF

      Updated Condo in Wolfpen Community

      Updated 2BR/2BA condo with resort-style amenities near downtown Hendersonville.
      1002 Deermouse Way, Hendersonville, NC 28792
      View Details
    • $619,900
      2,873 SF

      Gated Community Home with Amenities

      Stunning home in gated community with pool, tennis, and security.
      210 Black Oak Ln, Hendersonville, NC 28791
      View Details

    FAQs

    What type of property is this?
    Land - 48.4 acres with approved septic, well, and electric service.
    Where is this land located?
    The property is located at 77 5A & 13A, Unit 4A Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 48.4+/- acre mountain property featuring rare "mountain-flat" homesites and potential 360-degree views.; - Development-ready with three approved 3-bedroom septic permits, a newly installed well, and electric service onsite.; - Eligible for division into a 9-tract minor subdivision (proposal available).
    (828) 777-7936
    Request Owner's contact information
    77 5A & 13A, Unit 4A Hendersonville, NC 28792
    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.
    77 5A & 13A, Unit 4A
    Hendersonville, NC 28792
    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
    77 5A & 13A, Unit 4A Hendersonville, NC 28792
    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

    We can help!
    Listing Contact
    Derrick Erb
    Real Estate License ID: 301903
    (828) 777-7936
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.