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    451 State Rd, Unit 1512 Brevard, NC

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    For Sale
    $15,000,000

    535-acre mixed-use development opportunity in Brevard, North Carolina.

    Lot size:
    530.75 Acres

    Property Features for 451 State Rd

    General Information

    Lot size
    530.75 Acres

    Source: Foundry Commercial | Charlotte Agent Brian Craver

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

    Overview

    Davidson River Village Development Opportunity

    This 535-acre property, known as Davidson River Village, presents a mixed-use development opportunity in Brevard, NC. Situated within the City of Brevard's Special Zoning District, the property offers a blank canvas for a future buyer. Conceptual drawings envision a mixed-use development featuring up to 1,250,000 square feet of commercial space and up to 1,000 residential dwelling units. Located at the intersection of US Hwy 276/Asheville Hwy and US Hwy 64/Pisgah Hwy, this property benefits from increased infrastructure, existing entitlements, and population growth.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Brevard
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.7342919
    Latitude
    35.2334472

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    FAQs

    What type of property is this?
    Land - 535-acre mixed-use development opportunity in Brevard, North Carolina.
    Where is this land located?
    The property is located at 451 State Rd, Unit 1512 Brevard, NC.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - 535-acre mixed-use development opportunity in Brevard, NC.; - Located within the City of Brevard's Special Zoning District, offering flexibility for development.; - Conceptual plans allow for up to 1,250,000 sf of commercial development.
    (704) 523-0272
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    Brevard, NC
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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
    451 State Rd, Unit 1512 Brevard, NC
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