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    182 N Mills River Rd Horse Shoe, NC 28759

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    For Sale
    $4,500,000

    Prime land near Asheville Airport, suitable for various developments.

    Property size:
    15 SF
    Lot size:
    15.29 Acres

    Property Features for 182 N Mills River Rd

    General Information

    Size
    15 SF
    Lot size
    15.29 Acres

    Source: Mark Morris, CCIM Agent Mark Morris, CCIM

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

    Overview

    Mills River Development Opportunity

    This 15-acre property presents a commercial, industrial, or residential land development opportunity in Mills River. The gently rolling pastoral land is situated in a growth market, approximately 10 minutes from the Asheville Regional Airport and I-26. A new Publix grocery store and strip retail development is under construction one block east on Boylston Hwy, within sight of the property. The location is near Meade Tractor, Ingles, Bojangles, Amazon, and various regional and national retailers, new industry, and local eateries. Water and sewer services are located nearby; the buyer is responsible for investigating utility availability, adaptability, and capacity. Watershed restrictions apply.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Horse Shoe
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5730331
    Latitude
    35.4020537

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    FAQs

    What type of property is this?
    Land - Prime land near Asheville Airport, suitable for various developments.
    Where is this land located?
    The property is located at 182 N Mills River Rd Horse Shoe, NC.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime land development opportunity in a high-growth Mills River market (commercial, industrial, or residential).; - Excellent location: just 10 minutes from Asheville Regional Airport and I-26.; - Proximity to new Publix grocery store and retail development (one block away).
    (828) 674-4350
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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
    182 N Mills River Rd Horse Shoe, NC 28759
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