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    Property profile & analytics

    103 Cherry St Black Mountain, NC 28711-3424

    • Retail space
    • 2,424 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Mar 25, 2020
    $450,000
    Location Intelligence
    Property ID
    US53-0276471
    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

    • Shirtmandude Co. / Custom T-Shirt Store

    Property Details for 103 Cherry St

    Year built
    1917
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    2,424 SF
    Zone code
    DEED DATE:03/25/2020 DEED
    Property type
    Retail space
    APN
    0619-36-2055-00000
    APU
    61936205500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $505,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $550,000
      Mixed-Use
      $545,000
      Hospitality
      $480,000
      Educational
      $450,000
      Residential Income
      $510,000
      Energy
      $555,000
      Income-Based Land
      $525,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3207
    Latitude
    35.6172
    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
    2024
    $3,210
    $0.00
    $0.00
    $382,800
    -
    $82,400
    $300,400
    $382,800

    Comparable in this City

    • Value Estimation by Request
      2,469 SF

      111 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 2,469 SF
      111 Cherry St, Black Mountain, NC 28711-3424
      View Details
    • Value Estimation by Request
      3,488 SF

      104 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,488 SF
      104 Broadway St, Black Mountain, NC 28711-3438
      View Details
    • Value Estimation by Request
      4,590 SF

      101 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 4,590 SF
      101 Cherry St, Black Mountain, NC 28711-3424
      View Details
    • Value Estimation by Request
      6,580 SF

      106 Sutton Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,580 SF
      106 Sutton Ave, Black Mountain, NC 28711-3421
      View Details
    • Value Estimation by Request
      1,035 SF

      132 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 1,035 SF
      132 Cherry St, Black Mountain, NC 28711-3425
      View Details
    • Value Estimation by Request
      3,917 SF

      204 Sutton Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,917 SF
      204 Sutton Ave, Black Mountain, NC 28711-3531
      View Details

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    Similar Nearby for Lease

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      2,010 SF

      Former Walgreens with Drive-Thru

      Drive-thru space at signalized corner near Ingles grocery store.
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    • $9 SF/Yr
      150,665 SF

      104 Eastside Dr

      Distribution properties • 150,665 SF
      104 Eastside Dr, Black Mountain, NC 28711
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      985
    • Avg Time on site
      39 min
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    103 Cherry St
    Black Mountain, NC 28711-3424
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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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