Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spindale NC Wooded Land Title is generated by Realmo AI

    Rutherford Street, Spindale, NC 28160

    View on Map
    Claim this Listing
    For Sale
    $69,900

    LAND - Spindale, NC

    Lot size:
    3.83 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    444
    Last Refresh:
    May 17 at 5:06 pm

    Property Features for Rutherford Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1216252
    Lot size
    3.83 Acres

    Taxes and HOA fees

    Tax Description
    RUTHERFORD ST / FOREST ST SUBJECT TO,

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Robert Pressley

    Listing agent Robert Pressley

    Listing office Weichert Realtors Mountain Executives 211 Linda Vista Ddrive, Hendersonville, NC

    Listing date Feb 27, 2025

    MLS# 4227528 Listing URL

    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.

    HighLights

    • 3.83+/- acres of land comprised of 5 lots being sold together.
    • Private, wooded setting with a stream.
    • City water and sewer connections available.
    • Underground utilities are in place.
    • Located in growing Spindale, NC.
    • Site built homes only, ensuring property value.

    Overview

    This property consists of 5 lots totaling 3.83+/- acres, being sold together. The land offers a private, wooded setting with a small stream running through it. A gravel road leads to the start of the lots, and a cleared pathway connects and runs along the lots. The property is located in Spindale, NC, and is situated just 5 minutes from Main Street Spindale. City water and sewer services are available, along with underground utilities. Only site-built homes are allowed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Spindale
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.928511
    Latitude
    35.350127

    Nearby Similar for Sale

    • $145,000

      Spindale, NC Land Opportunity

      9.48 acre commercial land parcel in Spindale, North Carolina.
      Fairground Road, Spindale, NC 28160
      View Details
    • $250,000

      Spindale Land Ready for Development

      Over 10 acres in Spindale, NC with public utilities.
      Oakland Road, Spindale, NC 28160
      View Details
    • $2,000,000
      6,380 SF

      Turnkey Restaurant Opportunity Near Retail

      Turnkey restaurant with seating for 200 near retail hub.
      619 Oakland Rd, Spindale, NC 28160
      View Details
    • $96,000

      Spindale Commercial Property For Sale

      2+ acre commercial property in Spindale, North Carolina.
      S Oak Street, Spindale, NC 28160
      View Details
    • $2,000,000
      6,380 SF

      Turnkey Restaurant Near Retail Hub

      6,380 SF restaurant with highway visibility and ample parking.
      619 Oakland Road, Spindale, NC 28160
      View Details
    • $200,000

      Spindale Commercial Property For Sale

      Versatile commercial property in Spindale, ideal for redevelopment.
      429 E Main Street, Spindale, NC 28160
      View Details
    • $2,000,000

      Prime Land Near Retail Corridor

      Strategically located land with high visibility and convenient access.
      619 Oakland Road, Spindale, NC 28160
      View Details
    • $36,000

      Spindale Land For Sale

      1.51 acre parcel in established area near amenities.
      Oakland Heights Road, Spindale, NC 28160
      View Details
    • $1,000,000

      Mobile Home Park Investment Opportunity

      Mobile home park with 41 lots near Tryon Equestrian.
      1060 Old Ballpark Road, Spindale, NC 28160
      View Details
    • $259,900
      2,520 SF

      Turn-Key Daycare Facility in Spindale

      Fully equipped daycare ready for immediate operation in Spindale.
      236 Textile Avenue, Spindale, NC 28160
      View Details
    • $250,000

      Spindale Land Ready for Development

      Over 10 acres in Spindale with public utilities.
      00 Oakland Road, Spindale, NC 28160
      View Details
    • $25,900

      Land in Spindale, North Carolina

      1.76 acres of land ready for development.
      Ledbetter Road, Spindale, NC 28160
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.83+/- acres of wooded land in Spindale, NC.
    Where is this residential land & home lot located?
    The property is located at Rutherford Street Spindale, NC.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: 3.83+/- acres of land comprised of 5 lots being sold together.; Private, wooded setting with a stream.; City water and sewer connections available.
    (704) 441-0661
    We can help!
    Listing Contact
    Robert Pressley
    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

    Thank You for Inquiry
    Rutherford Street, Spindale, NC 28160
    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!