Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    99999 Reynolds Mountain Blvd Woodfin, NC 28804
    Property profile & analytics

    99999 Reynolds Mountain Blvd Woodfin, NC 28804

    View on Map
    • Land
    • 3.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 99999 Reynolds Mountain Blvd

    Lot size
    3.03 lot acres
    Property type
    Land

    Description

    This exceptional 3.03-acre commercial land parcel presents a unique investment opportunity in Woodfin, North Carolina. Ideally situated near I-26 in the Community Shopping District, this property boasts excellent visibility with approximately 250 feet of street frontage on Reynolds Mountain Boulevard. The site benefits from existing water and sewer connections, simplifying development. Zoned for a variety of uses, including hotel, office, multi-family, or retail, this location offers significant potential. The area is underserved by hotels, presenting a strong case for a hotel development, supported by a local Average Daily Rate (ADR) of $192.35 and Revenue Per Available Room (RevPAR) of $147.83. The high-income demographics of the surrounding area, with an average household income of $101,955 in zip code 28804, further enhance the investment appeal. The property's proximity to I-26 (52,500 average daily traffic count) and UNC-Asheville campus adds to its strategic value. The topography is described as gentle to rolling to steep. The asking price is $995,000. Parcel Number: 973078298700000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodfin
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5777
    Latitude
    35.6454

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      498- Merrimon Ave

      Land • 0.31 Acres
      498- Merrimon Ave, Asheville, NC 28804
      View Details
    • Value Estimation by Request
      3.51 Acres

      74 Longspur Ln

      Land • 3.51 Acres
      74 Longspur Ln, Asheville, NC 28804
      View Details
    • Value Estimation by Request
      10.64 Acres

      99999 Lynn Cove Rd

      Land • 10.64 Acres
      99999 Lynn Cove Rd, Asheville, NC 28804
      View Details
    • Value Estimation by Request
      3.19 Acres

      103 Weaverville Rd

      Land • 3.19 Acres
      103 Weaverville Rd, Woodfin, NC 28804
      View Details
    • Value Estimation by Request
      3.03 Acres

      99999 Reynolds Mountain Blvd

      Land • 3.03 Acres
      99999 Reynolds Mountain Blvd, Woodfin, NC 28804
      View Details
    • Value Estimation by Request
      0.32 Acres

      211 Weaverville Rd

      COMMERCIAL (GENERAL) • 0.32 Acres
      211 Weaverville Rd, Asheville, NC 28804-1243
      View Details

    Similar Nearby for Sale

    • $248,500

      Mountain Lot Near Asheville

      Land with potential views, close to Asheville and Parkway.
      8 Town Mountain Rd, Asheville, NC 28804
      View Details
    • Contact for pricing

      Elk Mountain Scenic Highway Land

      Land with sweeping views of the Blue Ridge Mountains.
      99999 Elk Mountain Scenic Hwy, Asheville, NC 28804
      View Details
    • Contact for pricing

      Elk Mountain Scenic Highway Land

      36 acres of land with Blue Ridge Mountain views.
      99999 Elk Mountain Scenic Hwy, Asheville, NC 28804
      View Details
    • Contact for pricing

      Expansive Mountain View Property

      Private, wooded acreage with long-range mountain views near Asheville.
      99999 Elk Mtn Scenic Hwy #1, Asheville, NC 28804
      View Details
    • $885,240

      Merrimon Avenue Redevelopment Opportunity

      Four parcels with high visibility frontage, ideal for mixed-use redevelopment.
      498-506 Merrimon Ave, Asheville, NC 28804
      View Details
    • $575,000

      Asheville Land For Sale

      Land available in Asheville, North Carolina.
      144 Pinebrook Rd, Asheville, NC 28804
      View Details

    Similar Nearby for Lease

    • $3,737 /Mo
      14,810 SF

      Asheville Commercial Space For Lease

      2803 SF office/retail/medical space on Merrimon Avenue.
      573 Merrimon Ave, Asheville, NC 28804
      View Details
    • Contact for pricing

      Retail Suites in Reynolds Village

      Retail spaces available in a mixed-use development in North Asheville.
      41 N Merrimon Ave, Woodfin, NC 28804
      View Details
    • $19 SF/Yr
      2,395 SF

      Retail Space in Reynolds Village

      Retail suites available in a mixed-use development in North Asheville.
      61 N Merrimon Ave, Asheville, NC 28804
      View Details
    • $24 SF/Yr

      Retail Space on Merrimon Avenue

      Retail space for lease in high-traffic Asheville location.
      660 Merrimon Ave, Asheville, NC 28804
      View Details
    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.
    99999 Reynolds Mountain Blvd
    Woodfin, NC 28804
    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
    99999 Reynolds Mountain Blvd, Woodfin, NC, 28804
    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!