Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    136 N Dougherty St Black Mountain, NC 28711
    Back to Search
    Property profile & analytics

    136 N Dougherty St Black Mountain, NC 28711

    View on Map
    • Bed & breakfasts
    • 10,274 SF
    • 0.85 lot acres
    For Sale
    $3,100,000
    View Listing →
    Historic Red Rocker Inn For Sale
    $3,100,000
    11,576 SF

    Historic Red Rocker Inn

    Charming bed and breakfast in the Blue Ridge Mountains.

    136 N Dougherty St, Black Mountain, NC 28711
    View Listing
    Property ID
    US53-5637224
    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.
    Value Estimations
    Cap Rate Potential
    2.9%
    Bed & breakfasts
    Location Intelligence

    Current Use by Public Records

    • Four Sisters Bakery / Bakery / Specialty Food Shop
    • Red Rocker Inn / Restaurant

    Property Details for 136 N Dougherty St

    Year built
    1919
    Lot size
    0.85 lot acres
    Property size
    10,274 SF
    Zone code
    DEED DATE: 2022-08-09 DEE
    Property type
    Bed & breakfasts
    APN
    0619-26-2478-00000
    APU
    61926247800000

    Description

    Nestled in Black Mountain, NC, this historic 1897 inn (renovated 2023) offers 17 guest rooms across two, three-story buildings totaling 11,576 square feet on a 0.85-acre lot. The property includes a restaurant with 80 seats, a full commercial kitchen, and a liquor license. A separate carriage house apartment, currently rented for $1,000 monthly, provides additional income potential. The inn also benefits from a leasehold agreement with a bakery generating approximately $75,000 in annual income. The property is zoned TR-4 and features antique furnishings, modern amenities, and stunning mountain views. Its prime location offers easy access to Asheville and numerous outdoor recreational opportunities. The asking price is $3,250,000, and the property is offered fee simple. The APN is 0619-26-2478-00000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,555,000
      Market price range: $1.41M - $3.85M
      AI Estimate
      $2,555,000
      Market price range: $1.41M - $3.85M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,770,000
      Current use
      RESTAURANT
      $3,545,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $2,320,000
      Change: -16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,295,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3241
    Latitude
    35.6183
    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
    $18,477
    $0.00
    $0.00
    $2,203,300
    -
    $116,100
    $2,087,200
    $2,203,300

    Comparable in this City

    • Value Estimation
      $875,000
      4,455 SF

      1186 Old Us Hwy 70th W

      BED & BREAKFAST • 4,455 SF
      1186 Old Us Hwy 70th W, Black Mountain, NC 28711-2595
      View Details
    • Value Estimation by Request
      4,833 SF

      109 Church St

      BED & BREAKFAST • 4,833 SF
      109 Church St, Black Mountain, NC 28711-3301
      View Details
    • Value Estimation
      $1,690,000
      4,601 SF

      207 Rhododendron Ave

      BED & BREAKFAST • 4,601 SF
      207 Rhododendron Ave, Black Mountain, NC 28711-3037
      View Details
    • Value Estimation
      $1,030,000
      7,358 SF

      406 State St

      BED & BREAKFAST • 7,358 SF
      406 State St, Black Mountain, NC 28711-3345
      View Details
    • Value Estimation
      $4,345,000
      24,481 SF

      310 State St

      HOTEL • 24,481 SF
      310 State St, Black Mountain, NC 28711-3411
      View Details
    • Value Estimation by Request
      3,327 SF

      48 Animal Hvn Rd

      CAMPGROUND, RV PARK • 3,327 SF
      48 Animal Hvn Rd, Black Mountain, NC 28711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Charming Victorian Inn & Restaurant

      Victorian-style inn with restaurant in the heart of Black Mountain.
      136 N Dougherty St, Black Mountain, NC 28711
      View Details
    • Contact for pricing
      11,576 SF

      Historic Red Rocker Inn

      Charming bed and breakfast in the Blue Ridge Mountains.
      136 N Dougherty St, Black Mountain, NC 28711
      View Details
    • $1,500,000
      4,703 SF

      Historic Black Mountain Inn Opportunity

      Historic 1830 inn on 2.24 acres in Black Mountain.
      1186 Old Us 70 Hwy, Black Mountain, NC 28711
      View Details
    • $1,900,000
      2.24 Acres

      Black Mountain Vacation Cabins For Sale

      Six craftsman-style vacation cabins near Asheville and Black Mountain.
      5 Chaucer Rd, Black Mountain, NC 28711
      View Details
    • Contact for pricing

      Land Near Lake Tomahawk

      0.11-acre lot near Lake Tomahawk, 15 minutes from Asheville.
      102 Byrd Rd, Black Mountain, NC 28711
      View Details
    • Contact for pricing

      Black Mountain Industrial Land Opportunity

      48-acre light industrial site near future I-40 interchange.
      865 Blue Ridge Rd, Black Mountain, NC 28711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptive Reuse Business Park Space

      Adaptive reuse business park with diverse tenant mix.
      104 Eastside Dr, Black Mountain, NC 28711
      View Details
    • $7,050 /Mo

      Black Mountain Restaurant Opportunity

      Restaurant space for lease near downtown Black Mountain.
      508 W State St, Black Mountain, NC 28711
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    136 N Dougherty St
    Black Mountain, NC 28711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    136 N Dougherty St, Black Mountain, NC, 28711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!