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    US-23 Alt Mars Hill, NC 28754

    • Land
    • 18.41 lot acres
    For Sale
    View listing
    $500,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for US-23 Alt

    Lot size
    18.41 lot acres
    Property type
    Land

    Description

    This exceptional 18.41-acre commercial land parcel in Mars Hill, NC, presents a unique investment opportunity. Strategically located along US Highway 23 and less than a mile from Interstate 26, this property boasts unparalleled visibility and accessibility. Zoned R-A, it's ideally suited for a variety of commercial ventures, including retail, restaurants, hotels, or tourism-related businesses. Multiple cleared and leveled sites are ready for immediate development. The property's proximity to major transportation routes ensures convenient access to Mars Hill, Weaverville, and Asheville (under 30 minutes away). Its location at the last North Carolina exit before the Tennessee border and the first after entering from Tennessee offers significant potential for businesses targeting interstate travelers. Nearby attractions such as a ski resort, snow tubing parks, vacation rentals, and campgrounds further enhance its appeal. APN: 9840-84-5918. Asking price: $500,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mars Hill
    County
    Madison
    State
    North Carolina
    Longitude
    -82.5535
    Latitude
    35.9085

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      COMMERCIAL (GENERAL) • 2.09 Acres
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      14,916 SF

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      VACANT COMMERCIAL LAND • 1.69 Acres
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      1.00 Acre

      Mars Hill, NC 28754

      VACANT COMMERCIAL LAND • 1.00 Acre
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    US-23 Alt
    Mars Hill, NC 28754
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    Realmo Value Estimation

    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.

    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.

    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
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