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    Property profile & analytics

    110 Virginia Ave Bessemer City, NC 28016-2373

    • Investment properties
    • 4,795 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Aug 09, 2023
    $250,000
    Location Intelligence
    Property ID
    US53-1890038
    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

    • Kincaid Smith Guffey Insurance / Insurance Agency

    Property Details for 110 Virginia Ave

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    4,795 SF
    Zone code
    OFF02
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    120803
    APU
    120803

    Description

    This exceptional $300,000 retail property, located at 110 W Virginia Ave in Bessemer City, NC (APN 120803, zip code 28016), presents a unique investment opportunity. The historic structure offers a versatile space ideal for a variety of uses, including event space or streetfront office space. Its prime location offers significant advantages. The property enjoys excellent visibility and accessibility, situated conveniently across the street from the Osage Mill Project and in close proximity to Centennial Park. This high-traffic area provides ample opportunity to reach a diverse customer base. The building's rich history adds character and charm, making it an attractive option for businesses seeking a unique and memorable space. The possibilities are truly endless for entrepreneurs looking to establish a presence in the revitalizing downtown Bessemer City area. This is a rare chance to own a piece of Bessemer City's vibrant history and contribute to its continued growth and development. The property's strategic location and adaptable space make it an exceptional investment with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $215,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $195,000
      Mixed-Use
      $245,000
      Hospitality
      $250,000
      Educational
      $245,000
      Residential Income
      $245,000
      Energy
      $185,000
      Income-Based Land
      $240,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer City
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.2843
    Latitude
    35.2851
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 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
    $1,736
    $17,420
    $133,630
    $151,050
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.34 Acres

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    • Value Estimation by Request
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      327 Long Crk Rd

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    • Value Estimation
      $180,000
      914 SF

      703 Davis St

      OFFICE/RESIDENTIAL (MIXED USE) • 914 SF
      703 Davis St, Bessemer City, NC 28016-2301
      View Details
    • Value Estimation
      $400,000
      0.83 Acres

      Jim Clark Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.83 Acres
      Jim Clark Rd, Bessemer City, NC 28016
      View Details
    • Value Estimation
      $280,000
      1,168 SF

      102 Bess Town Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,168 SF
      102 Bess Town Rd, Bessemer City, NC 28016-7540
      View Details
    • Value Estimation
      $325,000
      2,040 SF

      1007 Gastonia Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,040 SF
      1007 Gastonia Hwy, Bessemer City, NC 28016-9788
      View Details

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    110 Virginia Ave
    Bessemer City, NC 28016-2373
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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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