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    Property profile & analytics

    505 Main St Canton, NC 28716

    • Retail space
    • 2,219 SF
    • 0.08 lot acres
    For Sale
    View listing
    $899,999
    Value Estimation
    Last Sale
    Jul 03, 2025
    Location Intelligence
    Property ID
    US53-5760418
    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 505 Main St

    Year built
    1930
    Lot size
    0.08 lot acres
    Property size
    2,219 SF
    Zone code
    CNC-1
    Property type
    Retail space
    APN
    8657-81-5032
    APU
    8657815032

    Description

    This exceptional three-story commercial building, located at 505 Main Street in the heart of Canton, NC, presents a remarkable investment opportunity. Boasting a prime corner location, this property benefits from significant daily vehicle and pedestrian traffic, ensuring high visibility and accessibility. The building offers a versatile floor plan suitable for a variety of uses, including retail, office space, showroom, or storage. The main floor features expansive display windows facing two major downtown roads, providing excellent storefront appeal. Convenient amenities include dressing rooms and two bathrooms on the main level. The lower level also includes a large display window, maximizing natural light and showcasing opportunities. Ample storage space is available throughout the building. The property includes two parcel identification numbers: 8657-81-5032 and 8657-81-4084. The building is equipped with natural gas, a boiler system comprising three gas furnace units, and central air conditioning, ensuring year-round comfort and efficiency. This property's strategic location, versatile layout, and desirable features make it an ideal investment for discerning buyers seeking a high-traffic, downtown Canton location. The lot size is 0.16 acres. The asking price is $899,999.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $335,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $345,000
      Mixed-Use
      $340,000
      Hospitality
      $415,000
      Educational
      $400,000
      Residential Income
      $365,000
      Energy
      $325,000
      Income-Based Land
      $410,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.8378
    Latitude
    35.5331
    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
    2022
    $961
    $43,600
    $136,100
    $179,700
    -
    $43,600
    $136,100
    $179,700

    Comparable in this City

    • Value Estimation by Request
      1,064 SF

      6565 Old Clyde Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,064 SF
      6565 Old Clyde Rd, Canton, NC 28716-3688
      View Details
    • Value Estimation
      $345,000
      5,803 SF

      289 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,803 SF
      289 Main St, Canton, NC 28716-4477
      View Details
    • Value Estimation
      $405,000
      3,200 SF

      18 Church St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      18 Church St, Canton, NC 28716-4457
      View Details
    • Value Estimation
      $460,000
      3,160 SF

      325 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,160 SF
      325 Main St, Canton, NC 28716-4479
      View Details
    • Value Estimation
      $415,000
      3,190 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,190 SF
      Main St, Canton, NC 28716
      View Details
    • Value Estimation by Request
      1,240 SF

      6388 Cruso Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,240 SF
      6388 Cruso Rd, Canton, NC 28716-8569
      View Details

    Similar Nearby for Sale

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      Downtown Canton Three-Story Corner Building

      Three-story corner building in downtown Canton with retail and office potential.
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      View Details
    • $1,695,000
      7,007 SF

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      Canton Commercial Property For Sale

      Commercial property outside Canton town limits, ready for finishing.
      2884 Asheville Hwy, Canton, NC 28716
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    • $990,000

      Downtown Canton Two-Story Building

      Two-story building in downtown Canton suitable for restaurant or event venue.
      339 Park St, Canton, NC 28716
      View Details
    • $899,999
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      Downtown Canton Retail Gem

      Three-story building, high traffic location.
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    • $1,995,000
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      Downtown Canton Bar & Restaurant

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    505 Main St
    Canton, NC 28716
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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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