Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    331 Banner Farm Rd Mills River, NC 28759-8707

    • Industrial properties
    • 12.40 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 16, 2024
    Location Intelligence
    Property ID
    US53-1860969
    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

    • Industrial properties

    Property Details for 331 Banner Farm Rd

    Year built
    2001
    Lot size
    12.40 lot acres
    Zone code
    10008589~MR-LI
    Property type
    Industrial properties
    APN
    9631823203
    APU
    9631823203

    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
    -82.5626
    Latitude
    35.3799
    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
    $558,000
    $5,530,900
    $6,088,900
    -
    $558,000
    $5,530,900
    $6,088,900

    Comparable in this City

    • Value Estimation by Request
      7.74 Acres

      724 Broadpointe Dr

      INDUSTRIAL (GENERAL) • 7.74 Acres
      724 Broadpointe Dr, Mills River, NC 28759
      View Details
    • Value Estimation by Request
      3,000 SF

      4116 Haywood Rd

      INDUSTRIAL (GENERAL) • 3,000 SF
      4116 Haywood Rd, Mills River, NC 28759-9740
      View Details
    • Value Estimation by Request
      47,129 SF

      1856 Jeffress Rd

      INDUSTRIAL (GENERAL) • 47,129 SF
      1856 Jeffress Rd, Mills River, NC 28759-4189
      View Details
    • Value Estimation by Request
      142,457 SF

      25 School House Rd

      INDUSTRIAL (GENERAL) • 142,457 SF
      25 School House Rd, Mills River, NC 28759-9712
      View Details
    • Value Estimation by Request
      3,271 SF

      46 Mls Riv Rd

      INDUSTRIAL (GENERAL) • 3,271 SF
      46 Mls Riv Rd, Mills River, NC 28759-6736
      View Details
    • Value Estimation by Request
      42,126 SF

      128 Cross Rd Dr

      HEAVY INDUSTRIAL • 42,126 SF
      128 Cross Rd Dr, Mills River, NC 28759-5508
      View Details

    Similar Nearby for Sale

    • $68,950
      1.02 Acres

      Mills River Buildable Lot

      Buildable lot in High Vista with potential panoramic views.
      9999 Walnut Dr, Mills River, NC 28759
      View Details
    • $75,000

      Residential Lot with Mountain Views

      Residential lot in High Vista community with winter mountain views.
      23 Red Oak Dr, Mills River, NC 28759
      View Details
    • $44,900

      Blue Ridge Mountain Building Lot

      1.19 acre building lot with mountain views.
      99999 Red Oak Dr, Mills River, NC 28759
      View Details
    • $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
      View Details
    • $4,500,000
      15 SF

      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
      View Details

    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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Banner Farm Rd
    Mills River, NC 28759-8707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.