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    Kindling Trl Horse Shoe, NC 28742
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    Kindling Trl, Horse Shoe, NC 28742

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    • Land
    • 3.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Kindling Trl

    Lot size
    3.52 lot acres
    Property type
    Land

    Description

    This exceptional 3.52-acre lot in the desirable Horse Shoe, North Carolina community presents a unique opportunity to build your dream home. Located at 0 Kindling Trail #24/25, this combined lot boasts a prime location within a restricted subdivision, ensuring privacy and a tranquil setting. The property features readily available city water and natural gas, along with convenient underground utilities and a paved road for easy access. The rolling topography offers flexibility in home design and construction. Priced attractively below assessed value, this land represents exceptional value. Enjoy the convenience of proximity to Hendersonville, Brevard, and Asheville Regional Airport, as well as nearby shopping and golf courses. The APN is 5467505 and the asking price is $73,050. This is a rare opportunity to acquire a sizable, well-situated lot in a sought-after area of Henderson County, NC, zip code 28742. Don't miss out on this chance to create your ideal mountain retreat.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horse Shoe
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5493
    Latitude
    35.3376

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

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      0.44 Acres

      40 Critter Crk

      MOBILE HOME PARK, TRAILER PARK
      40 Critter Crk, Horse Shoe, NC 28742-7605
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      1.68 Acres

      847 Turkey Pen Gap Rd

      MOBILE HOME PARK, TRAILER PARK
      847 Turkey Pen Gap Rd, Horse Shoe, NC 28742-7603
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      2,568 SF

      5 Mossy Oak Ln

      INDUSTRIAL (GENERAL)
      5 Mossy Oak Ln, Horse Shoe, NC 28742-7712
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    • Value Estimation by Request
      0.29 Acres

      Horse Shoe, NC 28742

      MOBILE HOME PARK, TRAILER PARK
      Horse Shoe, NC 28742
      View Details
    • Value Estimation by Request
      1,200 SF

      4046 Brevard Rd

      AUTO REPAIR, GARAGE
      4046 Brevard Rd, Horse Shoe, NC 28742
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wooded Land in Horse Shoe

      Land with natural features in a restricted subdivision.
      7 Hearthstone Way, Horse Shoe, NC 28742
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      Land Near Pisgah National Forest

      4.77 acres bordering Pisgah National Forest with mountain views.
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      2.16 Acres

      Land in Homestead at Mills River

      Serene property in gated community near Asheville, Brevard, Hendersonville.
      99999 Shining Rock Path, Horse Shoe, NC 28742
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    • $73,500
      1.21 Acres

      Horse Shoe Land in Gated Subdivision

      1.21 acre lot in a quiet, gated community.
      9999 May Fly Ln, Horse Shoe, NC 28742
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    • $77,500
      1.38 Acres

      Gated Land with Potential Views

      Gated cul-de-sac lot with potential views and underground utilities.
      80 Buckhead Trl, Horse Shoe, NC 28742
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    • $190,000
      1.37 Acres

      Land in Mills River

      1.37 acre lot near Pisgah National Forest.
      Red Eft Way, Horse Shoe, NC 28742
      View Details
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    Horse Shoe, NC 28742
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    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.

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