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Property profile

4180 Haywood Rd Mills River, NC 28759

OFF-MARKET
Auto shops
Property ID
US53-4903849
View Sample
9,090 SF 1.45 ac lot Built 1983
Individually Owned 8-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional assemblage presents a unique investment opportunity in the thriving Mills River, North Carolina market. Comprising three strategically located parcels totaling 5.02 acres, this property offers significant potential for redevelopment or expansion. The assemblage includes 4180 Haywood Road, a well-established auto service center on a 1.45-acre lot with a long operational history. An adjacent 2.1-acre parcel (4178 Haywood Road) provides additional land for development, currently featuring an older house and undeveloped space. Completing the assemblage is the highly desirable 1.47-acre corner lot at 4184 Haywood Road, situated at the intersection of Haywood Road and Boylston Highway (NC 191-280), a prime retail location with high visibility and traffic flow. This location benefits from its central position relative to Brevard, Hendersonville, Asheville, and the Asheville Regional Airport, ensuring strong access to a large customer base. The property is zoned MR-GB, offering flexibility for various retail uses. The three buildings were constructed in 1983. APN numbers are 9631744759, 9631745617, and 9631743902. This assemblage is ideal for a national retailer seeking to establish a significant presence in a rapidly growing market with high traffic counts. The asking price is $5,000,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1983
Total area 9,090 SF
Lot 1.45 ac (63,162 SF)
Zoning code 10010981~MR-GB
APN 9631744759
UPID US53-4903849

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$976k
Blend (final) Blend
$905k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

10010981~MR-GB · Mills River, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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