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    Blue Ridge Estate Venue Opportunity Title is generated by Realmo AI

    111 Fiddlehead Ln, Zirconia, NC 28790

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    49+ acre estate near Asheville and Greenville with event potential.

    Type:Special Purpose
    Property size:
    5,169 SF
    Lot size:
    49.23 Acres
    Price / SF:
    $677/SF
    Added:
    Feb 23, 2026
    Days on Market:
    85
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 111 Fiddlehead Ln

    General Information

    Standard status
    Active
    Size
    5,169 SF
    Lot size
    49.23 Acres
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Caleb Rice
    Caleb Rice

    Listing agent Caleb Rice License #NC 299802

    Listing office C Rice and Associates

    Listing date Feb 23, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of C Rice and Associates

    HighLights

    • 49+ acre private estate: a residence or event/retreat venue.
    • Conveniently located: 30 minutes from Asheville, NC, and 40 minutes from Greenville, SC.
    • Custom 2007 farmhouse featuring dual stone fireplaces and a gourmet chef's kitchen.
    • 2014 barn‑style structure with open event space, commercial kitchen, restrooms, bedroom suite, and pizza oven.
    • Separate studio building ideal for office, studio, or guest quarters.
    • Features a pond with dock, gazebo, trails, stream with waterfalls, meadows, and custom stonework.

    Overview

    This 49.23-acre property in the Blue Ridge Mountains, located 30 minutes from Asheville, NC, and 40 minutes from Greenville, SC, features a blend of private residence and event/retreat potential. The property includes a 5,169 square foot custom farmhouse built in 2007 with a porch overlooking a stream-fed pond, dual stone fireplaces, a gourmet chef's kitchen, and artisan finishes. A barn-style structure built in 2014 offers an open-event space, commercial-grade restrooms, a catering kitchen, a private bedroom suite with full bath, lower-level recreation and storage areas, and a covered porch with a wood-fired pizza oven. There is also a separate studio building suitable for a home office, creative studio, or guest quarters. The land includes a pond with Trex dock, a gazebo, established trails, a stream with waterfalls, rhododendron groves, open meadows, and landscaped gardens. A site plan highlights locations for future homes, cabins, recreational facilities, or expanded amenities. The property is currently used as a wedding venue and Airbnb, and it is suited for a mountain retreat, wedding venue, corporate escape, or wellness center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Coworking & Hybrid Office (Bike/Boat/Book/etc) Store Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Zirconia
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.4509691
    Latitude
    35.2188259

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    FAQs

    What type of property is this?
    Wedding venue - 49+ acre estate near Asheville and Greenville with event potential.
    Where is this wedding venue located?
    The property is located at 111 Fiddlehead Ln Zirconia, NC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 49+ acre private estate: a residence or event/retreat venue.; Conveniently located: 30 minutes from Asheville, NC, and 40 minutes from Greenville, SC.; Custom 2007 farmhouse featuring dual stone fireplaces and a gourmet chef's kitchen.
    (828) 502-9197 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Caleb Rice
    Caleb Rice
    Real Estate License ID: NC 299802
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    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.

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