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    5555 Groves Rd Union Mills, NC 28167

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    For Sale
    $1,800,000

    Large acreage property with creek frontage and lake access.

    Property Features for 5555 Groves Rd

    General Information

    Standard status
    Active

    Source: MOSSY OAK PROPERTIES CAROLINA TIMBER & REALTY Agent TOM PEACOCK

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

    Overview

    Creekfront Acreage with Lake Access

    This 169.8-acre property features creek frontage and access to a 22-acre lake. The gently sloped terrain includes over 60 acres of cleared, flat land suitable for farming, development, equestrian use, or a private estate. The property is located less than half an hour from Tryon International Equestrian Center, less than one hour from Asheville, one hour from Greenville International Airport, and 90 minutes from Charlotte. It offers potential for various uses, including a working farm, family compound, or subdivision. It is suited for outdoor enthusiasts, investors, developers, or those seeking a legacy property.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm Department Store Garden Center Discount Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Union Mills
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.9392837
    Latitude
    35.4457108

    FAQs

    What type of property is this?
    Farm - Large acreage property with creek frontage and lake access.
    Where is this farm located?
    The property is located at 5555 Groves Rd Union Mills, NC.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Large acreage (169.8+/- acres) with creek frontage and access to a 22-acre lake.; - 60+/- acres of cleared, flat land suitable for farming, development, equestrian use, or private estate.; - Potential for development into a family compound or exclusive subdivision.
    Request Owner's contact information
    5555 Groves Rd Union Mills, NC 28167
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    Union Mills, NC 28167
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    Realmo Value Estimation

    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.

    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.

    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
    5555 Groves Rd Union Mills, NC 28167
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