$2,995,000 10,274 SF

136 N Dougherty St, Black Mountain, NC 28711
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The Red Rocker Inn & Restaurant is a Victorian-style lodging property constructed in 1896, characterized by distinctive red rocking chairs and a front porch. The facility contains 17 guest rooms, furnished with a combination of antique and modern amenities. It is located in Black Mountain, with proximity to local shops and galleries and to the Blue Ridge Mountains. The property is configured as an inn and restaurant, supporting use for short-stay accommodations and group lodging.

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.

Debts

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?

$18k

Tax billed · 2024

Assessed value$2.20M

Effective rate0.84%

Value estimate

· Oct 2026

$2.11M

$1.90M – $2.32M

Submarket $/SF estimate$2.56M

NOI build-up

Gross scheduled income$154k

Vacancy & credit loss−$23k

Operating expenses−$69k

NOI · 2.08% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$270/SF

County average, outlier-cleaned · 23 recorded sales of this use type

Observed band · Q1–Q3$138 – $375

Cap rate analysis

How does the asset earn?

2.08%

$62k 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?

DEED DATE: 2022-08-09 DEE

JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office12.1

Parking Facility10.3

HVAC Service10.1

136 N Dougherty St Black Mountain, NC 28711

County assessor Recorded deeds · 7 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

3 recorded sales · 4 properties nearby

Address Sale price Sold Size

109 Church, Black Mountain, NC 28711-3301 $205,000 Oct 2024 4,833 SF

207 Rhododendron, Black Mountain, NC 28711-3037 $2,100,000 Nov 2023 4,601 SF

406 State, Black Mountain, NC 28711-3345 $1,100,000 Nov 2022 7,358 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

Value Estimation
$1,030,000

7,358 SF

406 State St

BED & BREAKFAST

406 State St, Black Mountain, NC 28711-3345

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Value Estimation by Request
4,833 SF

109 Church St

BED & BREAKFAST

109 Church St, Black Mountain, NC 28711-3301

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Value Estimation
$1,690,000

4,601 SF

207 Rhododendron Ave

BED & BREAKFAST

207 Rhododendron Ave, Black Mountain, NC 28711-3037

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Value Estimation
$875,000

4,455 SF

1186 Old Us Hwy 70th W

BED & BREAKFAST

1186 Old Us Hwy 70th W, Black Mountain, NC 28711-2595

View Details