Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flat Rock Estate Opportunity Title is generated by Realmo AI

    3200 Greenville Highway, Flat Rock, NC 28731

    View on Map
    Claim this Listing
    For Sale
    $1,125,000

    9.8-acre property in Flat Rock near Blue Ridge Mountains.

    Type:Land / Acreage
    Lot size:
    9.80 Acres
    Added:
    Aug 28, 2024
    Days on Market:
    644
    Last Refresh:
    Mar 13 at 3:58 pm

    Property Features for 3200 Greenville Highway

    General Information

    Standard status
    Active
    Lot size
    9.80 Acres
    Property subtype
    Land / Acreage

    We can help!

    Listing Contact
    Todd Dunnuck
    Todd Dunnuck

    Listing agent Todd Dunnuck License #233150

    Listing office Mtn. Land Properties, LLC

    Listing date Aug 28, 2024

    Source Compass

    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 Mtn. Land Properties, LLC

    HighLights

    • 9.8‑acre property ideal for a private estate in the Blue Ridge Mountains
    • Mix of wooded areas, meadows, and a pond offering tranquility and natural beauty
    • Multiple building sites with scenic mountain views
    • Minutes from Hendersonville's dining, shops, and hiking trails
    • Close proximity to Asheville and Greenville
    • Gravel road access

    Overview

    This 9.8-acre property in Flat Rock presents an opportunity to create a private estate within the Blue Ridge Mountains. The land features a mix of wooded areas, meadows, and a pond. The terrain offers building sites with scenic views of the surrounding mountains. Located minutes from Hendersonville, the property combines seclusion with convenience, providing access to local dining, shops, theaters, and hiking trails. Asheville and Greenville are also a short drive away. This land is suitable for a personal retreat or a family legacy.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Accounting Firm Electronics & Wireless Store Bed & Breakfast Restaurant Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.430825
    Latitude
    35.252033

    Nearby Similar for Sale

    • $599,000

      Flat Rock Multifamily Income Property

      Two-unit property with income potential near Flat Rock.
      40 Country Bear Lane, Flat Rock, NC 28731
      View Details
    • $525,000
      2,440 SF

      Flat Rock Duplex Investment Opportunity

      Up-to-date duplex with strong rental history and long-term tenants.
      544 Tracy Grove Road, Flat Rock, NC 28731
      View Details
    • $6,000,000
      60,759 SF

      Flat Rock Resort on Highland Lake

      Established resort with expansion potential in Flat Rock, North Carolina.
      86 Lily Pad Lane, Flat Rock, NC 28731
      View Details
    • $1,600,000

      Prime Commercial Land Opportunity

      18.38 acres of commercial land in Henderson County, North Carolina.
      110 Laurel Acres Lane, Flat Rock, NC 28731
      View Details
    • $7,900,000

      Prime Development Land I-26 Frontage

      Large acreage with I-26 frontage in Henderson County.
      000 Upward Road E, Flat Rock, NC 28731
      View Details
    • $5,700,000
      24,000 SF

      Modern Industrial Facility, Prime Location

      24,000 SF industrial facility in Hendersonville, North Carolina.
      110 Commercial Boulevard, Flat Rock, NC 28731
      View Details
    • $999,500

      Flat Rock Mountain View Land

      9.8-acre property near Hendersonville, perfect for a private estate.
      3200 Greenville Highway, Flat Rock, NC 28731
      View Details
    • $59,900

      Flat Rock Land For Sale

      1.7-acre lot near I-26 and Hendersonville.
      Jackson Loop Road, Flat Rock, NC 28731
      View Details
    • $89,000

      Wooded Homesite in Kenmure Community

      1.2-acre homesite with amenities near downtown Hendersonville.
      360 Kenmure Drive, Flat Rock, NC 28731
      View Details
    • $2,100,000

      Flat Rock Development Opportunity

      14.62 acres of cleared land near I-26.
      99999 McMurray Road, Flat Rock, NC 28731
      View Details
    • $66,395

      Land in Flat Rock, NC

      Land in Flat Rock, NC, near Blue Ridge Mountains.
      99999 Twin Lakes Drive, Flat Rock, NC 28792
      View Details
    • $2,700,000

      Highland Lake Development Opportunity

      Lakeside property ideal for a boutique resort or wellness retreat.
      447 Lily Pad Lane, Flat Rock, NC 28731
      View Details

    FAQs

    What type of property is this?
    Land - 9.8-acre property in Flat Rock near Blue Ridge Mountains.
    Where is this land located?
    The property is located at 3200 Greenville Highway Flat Rock, NC.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: 9.8‑acre property ideal for a private estate in the Blue Ridge Mountains; Mix of wooded areas, meadows, and a pond offering tranquility and natural beauty; Multiple building sites with **scenic mountain views**
    (828) 329-4863
    We can help!
    Listing Contact
    Todd Dunnuck
    Todd Dunnuck
    Real Estate License ID: 233150
    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
    3200 Greenville Highway, Flat Rock, NC 28731
    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!