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    1 Banner Farm Rd Mills River, NC 28759

    • Retail space
    • 1,140 SF
    • 2.98 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 15, 2023
    Location Intelligence
    Property ID
    US53-3989554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1 Banner Farm Rd

    Year built
    1940
    Lot size
    2.98 lot acres
    Property size
    1,140 SF
    Zone code
    1017389~R2R
    Property type
    Retail space
    APN
    9539992067
    APU
    9539992067

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mills River
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.5578
    Latitude
    35.3438
    CBSA code
    11700
    CBSA name
    ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $324,500
    $568,900
    $893,400
    -
    $324,500
    $568,900
    $893,400

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

      4221 Boylston Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      4221 Boylston Hwy, Mills River, NC 28759-6734
      View Details
    • Value Estimation by Request
      2,660 SF

      4166 Haywood Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,660 SF
      4166 Haywood Rd, Mills River, NC 28759-9740
      View Details
    • Value Estimation
      $355,000
      2,304 SF

      9134 Boylston Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      9134 Boylston Hwy, Mills River, NC 28759-8673
      View Details
    • Value Estimation
      $225,000
      1,728 SF

      4195 Haywood Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      4195 Haywood Rd, Mills River, NC 28759-9740
      View Details
    • Value Estimation
      $380,000
      4,500 SF

      6724 Boylston Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      6724 Boylston Hwy, Mills River, NC 28759-8660
      View Details
    • Value Estimation by Request
      10,000 SF

      30 Carland Cir

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      30 Carland Cir, Mills River, NC 28759-7711
      View Details

    Similar Nearby for Sale

    • $1,395,000

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      Sought-after retail site at major intersection, high visibility.
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      1.02 Acres

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      Buildable lot in High Vista with potential panoramic views.
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      Mills River Development Opportunity

      Prime land near Asheville Airport, suitable for various developments.
      182 N Mills River Rd, Horse Shoe, NC 28759
      View Details
    • $1,200,000
      10.00 Acres

      Picturesque Land in Mills River

      10-acre property ideal for equestrian use or hobby farming.
      997 Tole Allison Rd, Mills River, NC 28759
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    • $1,750,000

      Unique Property with Mixed Uses

      Event center, lake, house, and barn on a unique property.
      8826 Boylston Hwy, Mills River, NC 28759
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      Residential Lot with Mountain Views

      Residential lot in High Vista community with winter mountain views.
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    Similar Nearby for Lease

    • Contact for pricing
      101,850 SF

      Class A Industrial Facility

      101,850 SF class-A industrial facility for lease.
      Banner Farm Rd, Mills River, NC 28759
      View Details
    • Contact for pricing
      171,155 SF

      Banner Farm Logistics Center

      Class A Industrial Space Available
      0 Banner Farm Rd, Mills River, NC 28759
      View Details
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    1 Banner Farm Rd
    Mills River, NC 28759
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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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