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

    Valley Dr Rutherfordton, NC 28139

    Sponsored
    For Sale
    $32,900

    LAND - Rutherfordton, NC

    Lot size:
    2.42 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 20 at 1:06 am

    Property Features for Valley Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MX
    APN
    P114-206
    Lot size
    2.42 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Mike Spurlin
    Mike Spurlin

    Odean Keever & Associates Forest City Office (828) 247-1310

    Listing agent Mike Spurlin (828) 980-8010

    Listing date Feb 16, 2026

    MLS# 4346193 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.

    Learn more

    Property Insight Report

    Overview

    Rutherfordton Land Near Equestrian Center

    Located a short distance from the Tryon International Equestrian Center, this 2.42-acre lot is situated in the gated community of Green River Highlands. The property is suitable for building a permanent residence, vacation home, or short-term rental. The lot is level at the road and slopes gently downward, offering an ideal build site near the road that would accommodate a basement home. The land is not heavily wooded, which would facilitate easier clearing for construction. Green River Highlands features a common area near the entrance on the river, complete with a basketball court and grills.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rutherfordton
    County
    Rutherford
    State
    North Carolina
    Longitude
    -82.03772246
    Latitude
    35.29977277

    Nearby Similar for Sale

    • $2,000,000
      65.00 Acres

      Rutherfordton Acreage with Multiple Residences

      65+ acres with two homes, cabin, barn, and garage.
      398 W Wv Thompson Rd, Rutherfordton, NC 28139
      View Details
    • $699,000
      83.67 Acres

      Rutherfordton Land: Unrestricted Opportunity Awaits

      83+/- acres in Rutherfordton, NC with creek and workshop.
      83.67 Acres Pleasant Grv Rd, Rutherfordton, NC 28139
      View Details
    • $695,000
      0.21 Acres

      Rutherfordton Office Building For Sale

      Immaculate office building in prime Rutherfordton location.
      147 E Court St, Rutherfordton, NC 28139
      View Details
    • $115,000
      10.00 Acres

      Unrestricted 10-Acre Equestrian/Farming Land

      Unrestricted 10-acre property ideal for equestrian or farming pursuits.
      Petite Ct, Rutherfordton, NC 28139
      View Details
    • $3,400,000
      72.27 Acres

      Rutherfordton Estate with Mountain Views

      Luxury estate on 72+ acres near Tryon Equestrian Center.
      265 Phillip Henderson Rd, Rutherfordton, NC 28139
      View Details
    • $425,000
      0.07 Acres

      Downtown Rutherfordton Landmark Building

      Iconic 1920 building with prime downtown location.
      163 N Main St, Rutherfordton, NC 28139
      View Details
    • $148,000
      1.80 Acres

      Rutherfordton, NC Multi-Family Property

      Multi-family property with work area, living space, and RV hookup.
      825 Maple Creek Rd, Rutherfordton, NC 28655
      View Details
    • $1,249,000
      20 SF

      Equestrian Estate on Fenced Acres

      Restored 1929 home on 20 acres with equestrian facilities.
      570 Lambs Grill Rd, Rutherfordton, NC 28139
      View Details
    • Contact for pricing

      Lake Lure Campground Opportunity

      5.82 acres with 1500+ feet on Broad River.
      169 River Creek Dr, Rutherfordton, NC 28139
      View Details
    • $350,000

      Lake Lure Campground Opportunity

      5.82 acres with 1500+ feet on Broad River.
      169 River Creek Dr, Rutherfordton, NC 28139
      View Details
    • $235,000
      1,600 SF

      Rutherfordton Commercial Complex

      High-traffic location, versatile space.
      561 Railroad Ave, Rutherfordton, NC 28139
      View Details
    • $82,250
      0.67 Acres

      000 cars passing per day

      AND all public utilities available
      617 Us 221 Hwy, Rutherfordton, NC 28139
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Gated community lot near Tryon International Equestrian Center.
    Where is this residential land & home lot located?
    The property is located at Valley Dr Rutherfordton, NC.
    What is the asking price?
    The asking price for this property is $32,900.
    What are key features of this property?
    This property features: - Close proximity to Tryon International Equestrian Center; - Suitable for a forever home, vacation home, or short-term rental; - Level at the road with a gentle slope, ideal for a basement home
    (828) 980-8010
    Request Owner's contact information
    Valley Dr Rutherfordton, NC 28139
    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.
    Valley Dr
    Rutherfordton, NC 28139
    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
    Valley Dr Rutherfordton, NC 28139
    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
    Mike Spurlin
    Mike Spurlin
    Real Estate License ID: 307771
    (828) 980-8010 (828) 286-1311
    Learn more
    Google sign-in failed. Please try again or use another login method.