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Property profile

99999 Pea Ridge Rd Mill Spring, NC 28756

OFF-MARKET
Other land
View Sample
37.33 ac lot

Property summary

AI-generated overview

The property consists of a 39.36-acre parcel of mixed rolling pastures and woodland areas, located approximately 1 mile from the Tryon International Equestrian Center (TIEC). The upper portions include more than 10 acres of rolling pasture with long-range views toward the mountains. Much of the land has gentle topography and is served by existing interior roadways, with access off state-maintained paved roads. The parcel has nearly one-half mile of paved road frontage along Pea Ridge Rd and Ponder Rd, supporting potential subdivision. Lower elevations include a wooded ravine and a natural water spring. The site has characteristics that may support subdivision, additional development, or the creation of equestrian-oriented estates.

Property profile

Verified
Property type Other land
Lot 37.33 ac (1,626,095 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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