Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    15.65 Acre Commercial Land Tract Title is generated by Realmo AI

    1475 Crossroads Parkway, Mars Hill, NC 28754

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,674,000

    Large tract with visibility, accessibility, and development potential.

    Type:Commercial/Industrial
    Lot size:
    15.65 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 3:34 am

    Property Features for 1475 Crossroads Parkway

    General Information

    Standard status
    Active
    Lot size
    15.65 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Darrell Metcalf

    Listing agent Darrell Metcalf License #266303

    Listing office Likewise Commercial Real Estate

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Likewise Commercial Real Estate

    HighLights

    • Excellent visibility and accessibility off I‑26 and exit 9.
    • 15.65 acre tract suitable for commercial or mixed‑use development.
    • Minutes to downtown Mars Hill and Mars Hill University.
    • Two points of ingress/egress possible.
    • Site fronts a gravity sewer line along Crossroads Parkway extension.
    • Rolling topography and ridgeline allow for optimized earthwork.

    Overview

    This 15.65-acre tract offers visibility and accessibility off I-26 at exit 9 to Mars Hill. The topography, featuring rolling hills and a ridgeline, allows for optimized earthwork to develop a commercial or mixed-use property. The location is minutes from downtown Mars Hill and Mars Hill University. The site fronts a gravity sewer line along the new Crossroads Parkway extension. Two points of ingress/egress are possible from Crossroads Parkway Extension and Calvin Edney Road. A small portion of the property is in the floodzone.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mars Hill
    County
    Madison
    State
    North Carolina
    Longitude
    -82.535
    Latitude
    35.8222

    Nearby Similar for Sale

    • $799,000

      Prime Interstate Visible Commercial Land

      2.25 acre commercial land with high interstate visibility.
      1672 Crossroads Parkway, Mars Hill, NC 28754
      View Details
    • $99,900

      Mountain Land For Sale

      8.68 acre mountain tract for hunting, recreation, and investment.
      US 23 Highway, Mars Hill, NC 28754
      View Details
    • $60,000

      Land in Wolf Laurel Resort

      One-acre lot with installed septic system in mountain resort.
      366 Birch Springs Lane, Mars Hill, NC 28754
      View Details
    • $125,000

      Mars Hill Land with Creek

      7.54 acres in Mars Hill, NC with Roaring Fork.
      99999 Roaring Fork Road, Mars Hill, NC 28754
      View Details
    • $60,000

      Mars Hill Land For Sale

      Residential land in Wolf Laurel gated community with mountain views.
      Fox Den Road, Mars Hill, NC 28754
      View Details
    • $16,000

      Mountain Land Parcel Near Asheville

      1.21-acre mountaintop parcel near Asheville with potential views.
      Granny Shepherd Road, Mars Hill, NC 28754
      View Details
    • $1,550,000
      4,720 SF

      Versatile Property with Development Potential

      Two high-end structures on 5.11 acres near I-26.
      275 Manor Road, Mars Hill, NC 28754
      View Details
    • $433,200

      Mars Hill Development Land

      Development tract within Mars Hill city limits.
      S Main Street, Mars Hill, NC 28754
      View Details
    • $389,200

      Mars Hill Land For Sale

      55.598 acres of land in Madison County, North Carolina.
      Devils Knob Road, Mars Hill, NC 28754
      View Details
    • $75,000

      Land in Mountain Meadows Community

      Land with lifestyle in a Green Built community.
      271 Amanda Drive, Mars Hill, NC 28754
      View Details
    • $885,000

      Mountain Land with Cabin and Yurt

      104-acre mountain property with cabin and yurt near Asheville.
      1710 Roaring Fork Road, Mars Hill, NC 28754
      View Details
    • $84,000

      Mars Hill Homesite on Acreage

      Private 5.58-acre homesite with build site and septic permit.
      948 Cove Creek Lane, Mars Hill, NC 28754
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large tract with visibility, accessibility, and development potential.
    Where is this commercial land located?
    The property is located at 1475 Crossroads Parkway Mars Hill, NC.
    What is the asking price?
    The asking price for this property is $2,674,000.
    What are key features of this property?
    This property features: Excellent visibility and accessibility off I‑26 and exit 9.; 15.65 acre tract suitable for commercial or mixed‑use development.; Minutes to downtown Mars Hill and Mars Hill University.
    (828) 222-3685
    We can help!
    Listing Contact
    Darrell Metcalf
    Real Estate License ID: 266303
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1475 Crossroads Parkway, Mars Hill, NC 28754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!