Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tryon Acreage with CETA Access Title is generated by Realmo AI

    6374 Peniel Road, Tryon, NC 28782

    View on Map
    Claim this Listing
    For Sale
    $395,000

    Acreage in Tryon with CETA trail access and development potential.

    Type:Land
    Added:
    Apr 25, 2026
    Days on Market:
    38
    Last Refresh:
    May 27 at 3:56 pm

    Property Features for 6374 Peniel Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Karl Small
    Karl Small

    Listing agent Karl Small License #297170

    Listing office Tryon Horse & Home LLC

    Listing date Apr 25, 2026

    Source Exprealty

    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 Tryon Horse & Home LLC

    HighLights

    • Acreage in desirable Tryon location
    • Direct access to CETA trails (in progress)
    • Established shared roadway access on property
    • Mixture of cleared and wooded areas
    • Potential for equestrian development
    • Older 3BR/2BA home on property

    Overview

    This acreage is located in a desirable Tryon location and offers CETA trail access. The tract features a mixture of cleared and wooded areas with mixed topography. An older 3-bedroom, 2-bathroom home is present on the property, requiring renovations for living use. A significant portion of the property was previously cleared, minimizing regrowth removal efforts. A shared roadway is already established, providing access throughout the property. The parcel is situated in an area of established equestrian properties, presenting the potential for similar development. A CETA trail easement for the property is currently in the works, which will provide direct access to miles of horseback riding trails. This property offers various possibilities for development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Law Firm Auto Repair Shop HVAC Service Computer & Electronic Repair Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Tryon
    County
    Polk
    State
    North Carolina
    Longitude
    -82.11302
    Latitude
    35.254171

    Nearby Similar for Sale

    • $425,000

      Commercial Building with Development Potential

      Freestanding commercial building in evolving location with expansion possibilities.
      55 S Trade Street, Tryon, NC 28782
      View Details
    • $389,000

      Craftsman Duplex in Prime Location

      Income-generating Craftsman duplex with recent updates in Tryon, NC.
      110 Grady Avenue, Tryon, NC 28782
      View Details
    • $110,000

      Land in Tranquil Tryon Location

      Four lots totaling 5.39 acres in a private, serene setting.
      Cardinal Circle, Tryon, NC 28782
      View Details
    • $189,900

      Secluded Homesite in Tryon's Hunting Country

      5.6-acre homesite in Tryon, ready for your dream home.
      206 Westmoreland Trail, Tryon, NC 28782
      View Details
    • $275,000

      Land Ideal for Mini Farm

      5-acre land perfect for farming or horses in Tryon.
      304 Floyd Blackwell Road, Tryon, NC 28782
      View Details
    • $298,000

      Unrestricted Wooded Land Near Tryon

      14.5 acres of unrestricted land near Tryon, North Carolina.
      Hooker Road, Tryon, NC 28782
      View Details
    • $362,700

      Tryon NC Wooded Land Parcel

      18.6 acres of wooded land in Tryon, North Carolina.
      Floyd Blackwell Road, Tryon, NC 28722
      View Details
    • $210,000

      Wooded Lot with River Views

      5.39-acre wooded lot with multiple building sites and river views.
      Rondo Ridge Road, Tryon, NC 28782
      View Details
    • $120,000

      Land with Mountain Views

      3.5-acre lot in gated community with spring-fed lakes.
      630 & 631 Melrose Mountain Road, Tryon, NC 28782
      View Details
    • $49,500

      Melrose Mountain Retreat Land

      Private 3.5-acre double lot in gated community.
      Lakeview Drive, Tryon, NC 28782
      View Details
    • $881,870

      Campobello Land with River Frontage

      50.84 acres with 1,700+ feet of Pacolet River frontage.
      Melvin Hill Road, Campobello, NC 28782
      View Details
    • $349,900

      Tryon, NC Land For Sale

      16.12 acres to build your dream home!
      Green Creek Drive, Tryon, NC 28782
      View Details

    FAQs

    What type of property is this?
    Land - Acreage in Tryon with CETA trail access and development potential.
    Where is this land located?
    The property is located at 6374 Peniel Road Tryon, NC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Acreage in desirable Tryon location; Direct access to CETA trails (in progress); Established shared roadway access on property
    (828) 817-5153
    We can help!
    Listing Contact
    Karl Small
    Karl Small
    Real Estate License ID: 297170
    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
    6374 Peniel Road, Tryon, NC 28782
    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!