Financial
Distress signals
Property profile

501 N Mountain St Cherryville, NC 28021

FOR SALE
Other industrial properties
Property ID
US53-0641544
5,471 SF 5.95 ac lot Built 1900
Last sale Apr 2024 · $225,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The historic Cherryville Mill consists of approximately 152,000 square feet of interior space on a 4.97-acre lot with more than 996 feet of road frontage. The property is zoned RMF (residential multifamily) and retains original architectural characteristics, including exposed brick walls, large wooden beams, and high/soaring ceilings. The site is located about 0.4 miles from the developing downtown area of Cherryville, and it is positioned for redevelopment into residential uses such as

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$239k
Assessed land$105k
Assessed improvement$134k
Effective rate1.08%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$225k
NOI build-up
Gross scheduled income$1.51M
Vacancy & credit loss−$83k
Operating expenses−$429k
NOI · 58.91% cap applied$1.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$35/SF
County average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$16 – $55

Cap rate analysis

How does the asset earn?
58.91%
$1.00M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
INDS1
JurisdictionGASTON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.1
Dental Office12.4
Realty agency11.5

Location

501 N Mountain St Cherryville, NC 28021
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
312 Pink, Cherryville, NC 28021-3504 $15,000 Mar 2024 2,394 SF
400 Mtn, Cherryville, NC 28021-3338 $95,000 Aug 2021 2,406 SF
699 Pink, Cherryville, NC 28021-3505 $125,000 May 2021 6,200 SF
242 Dick Beam, Cherryville, NC 28021-8943 $910,000 Dec 2020 32,928 SF
136 Charcoal, Cherryville, NC 28021-9439 $185,000 Jan 2020 5,000 SF
1021 Main, Cherryville, NC 28021-3646 $138,000 Nov 2019 9,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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