Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    153 Chattooga Run #228 Hendersonville, NC 28739

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $48,500

    Wooded 0.74 acre lot in Champion Hills.

    Property Features for 153 Chattooga Run #228

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Damon Peary
    Source: Corcoran

    Listing Agent: Damon Peary

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

    Learn more

    Property Insight Report

    Overview

    Wooded Lot Overlooking Golf Course

    This wooded 0.74-acre lot overlooks the 12th fairway of the Tom Fazio-designed Mountain Masterpiece golf course in Champion Hills. The property features abundant rhododendrons and mountain laurel, along with a year-round creek. The topography of the lot is gentle, offering a potentially suitable building site. Champion Hills provides miles of hiking trails and exclusive amenities, including a private golf course, clubhouse, pool, tennis, pickleball, wellness center, and both upscale and casual dining options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Bar & Pub Electrical Service Plumbing Service Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5413
    Latitude
    35.2687

    Nearby Similar for Sale

    • New
      $885,000
      6,300 SF

      Hendersonville Warehouse with Office Space

      Class B warehouse with finished office space near Downtown Hendersonville.
      713 Ray Ave, Hendersonville, NC 28792
      View Details
    • $425,000
      0.63 Acres

      Hendersonville Duplex: Investment Opportunity

      Well-maintained duplex near downtown Hendersonville with income potential.
      135 Haynes St, Hendersonville, NC 28791
      View Details
    • $1,799,000
      50.00 Acres

      50-Acre Apple Orchard Opportunity

      Cherished family farm in Hendersonville, NC, with development potential.
      Tbd Old Clear Crk Rd, Hendersonville, NC 28792
      View Details
    • $1,295,000
      1.24 Acres

      Hendersonville Strip Center Investment Opportunity

      Seven-unit strip center with 100% occupancy in Hendersonville, NC.
      401 Kanuga Rd, Hendersonville, NC 28739
      View Details
    • $1,500,000
      0.49 Acres

      Hendersonville Commercial Property For Sale

      Commercial property with real estate, business, inventory, and equipment included.
      2212 Asheville Hwy, Hendersonville, NC 28791
      View Details
    • $1,550,000
      1.06 Acres

      Hendersonville Industrial Property For Sale

      Industrial property in established park, less than 1 mile from I-26.
      25 Reeds Way, Hendersonville, NC 28792
      View Details
    • $2,000,000
      0.13 Acres

      Main Street Hendersonville Building

      18,000 sq ft building on Main Street in Hendersonville.
      201 N Main St, Hendersonville, NC 28739
      View Details
    • $1,300,000
      5,612 SF

      Downtown Hendersonville Class A Office

      Class A office space in historic downtown Hendersonville.
      401 N Main St, Hendersonville, NC 28792
      View Details
    • $3,950,000
      72,784 SF

      Adaptive Industrial Space Near Downtown

      72,000+ SF industrial/manufacturing space near Oklawaha Greenway.
      701 Oriole Dr, Hendersonville, NC 28792
      View Details
    • $950,000

      Hendersonville Investment Opportunity

      Two buildings with leasing and owner/user potential in Hendersonville, NC.
      1001 Greenville Hwy, Hendersonville, NC 28739
      View Details
    • $279,000
      1,000 SF

      Updated Condo in Wolfpen Community

      Updated 2BR/2BA condo with resort-style amenities near downtown Hendersonville.
      1002 Deermouse Way, Hendersonville, NC 28792
      View Details
    • $619,900
      2,873 SF

      Gated Community Home with Amenities

      Stunning home in gated community with pool, tennis, and security.
      210 Black Oak Ln, Hendersonville, NC 28791
      View Details

    FAQs

    What type of property is this?
    Land - Wooded 0.74 acre lot in Champion Hills.
    Where is this land located?
    The property is located at 153 Chattooga Run #228 Hendersonville, NC.
    What is the asking price?
    The asking price for this property is $48,500.
    What are key features of this property?
    This property features: - Private golf course community (Champion Hills) with exclusive amenities: clubhouse, pool, tennis, pickleball, wellness center, and dining.; - Buildable .74 acre lot with gentle topography.; - **Overlooks the 12th fairway of Tom Fazio's Mountain Masterpiece golf course.**
    (828) 697-0515
    Request Owner's contact information
    153 Chattooga Run #228 Hendersonville, NC 28739
    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.
    153 Chattooga Run #228
    Hendersonville, NC 28739
    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
    153 Chattooga Run #228 Hendersonville, NC 28739
    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

    We can help!
    Listing Contact
    Damon Peary
    (828) 697-0515
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.