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Property profile & analytics
OFF-MARKET
Land

182 Mills River Rd Mills River, NC 28759

15.29 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.29-acre parcel presents a remarkable land development opportunity in the thriving Mills River, North Carolina market. Located at 182 N Mills River Rd, this commercially and industrially zoned (MR-MU) property boasts a gently rolling terrain ideal for various redevelopment projects. The site's strategic location places it in close proximity to established businesses, including Meade Tractor, Ingles, Bojangles, and Amazon, highlighting the area's robust economic activity and strong retail and industrial presence. While water and sewer lines are situated nearby, potential buyers are advised to independently verify utility availability, adaptability, and capacity to meet their specific project needs. It's important to note that an existing single-family dwelling on the property is considered to have no value in the overall assessment. Furthermore, prospective developers should be aware of applicable watershed restrictions. The property's APN is 9632514077. This prime location and significant acreage make this an unparalleled investment opportunity in a rapidly growing area of Henderson County, NC (zip code 28759). All showings require prior arrangement.

Property profile
Verified
Property type Land
Lot 15.29 ac (666,032 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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