1572 Alexander Rd Leicester, NC 28748
This exceptional 2.5-acre property in Leicester, NC, offers a unique blend of residential and commercial potential. Situated just 13 miles north of Asheville and 11 minutes from Patton Avenue, the property boasts a beautifully landscaped, gently sloping field, a large pond, and stunning views. A coded security gate and long asphalt driveway lead to a well-maintained home featuring 1585 square feet upstairs with three bedrooms, two bathrooms, a great room, kitchen, and sunroom, plus a two-car garage. The lower level offers an additional 856 finished square feet with a separate entrance and one bathroom, perfect for a home business or rental unit. The primary bedroom opens onto a large deck complete with a hot tub. The property is fully fenced and zoned for open use, presenting numerous possibilities, including a medical office, daycare center, or other commercial ventures. The lower level includes a large family room, full bath, and laundry/storage room. Priced at $725,000, this property presents a rare opportunity to combine comfortable living with significant business potential in a serene, yet accessible location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.