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    Property profile & analytics

    170 Main St Mars Hill, NC 28754-6622

    • Assisted living facilities
    • 15,864 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimation
    $6,600,000
    Last Sale
    May 06, 2022
    $6,500,000
    Location Intelligence
    Property ID
    US53-4023780
    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

    • Mars Hill Manor / Assisted Living Facility / Retirement Community

    Property Details for 170 Main St

    Year built
    1999
    Lot size
    2.26 lot acres
    Property size
    15,864 SF
    Zone code
    R-A
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    9747-83-3990
    APU
    9747833990

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,325,000
      6.5%
      $6,060,000
      7%
      $6,610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,025,000
      Geo Method
      $6,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,390,000
      Retail
      $5,895,000
      Mixed-Use
      $7,170,000
      Hospitality
      $6,035,000
      Educational
      $6,565,000
      Residential Income
      $5,995,000
      Energy
      $5,780,000
      Income-Based Land
      $6,125,000
      Food Service
      $6,745,000

    Location Insight

    • Map
    • Local Demand
    City
    Mars Hill
    County
    Madison
    State
    North Carolina
    Longitude
    -82.5483
    Latitude
    35.8247
    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
    0
    $0.00
    $122,944
    $2,361,064
    $2,484,008
    -
    $122,944
    $2,361,064
    $2,484,008

    Comparable in this City

    • Value Estimation by Request
      29,968 SF

      345 Mnr Rd

      HOMES (RETIRED, NURSING) • 29,968 SF
      345 Mnr Rd, Mars Hill, NC 28754-7606
      View Details
    • Value Estimation by Request
      16,078 SF

      119 Mtn Vw Rd

      MEDICAL BUILDING • 16,078 SF
      119 Mtn Vw Rd, Mars Hill, NC 28754-9500
      View Details
    • Value Estimation
      $365,000
      1,406 SF

      144 Mtn Vw Rd

      MEDICAL BUILDING • 1,406 SF
      144 Mtn Vw Rd, Mars Hill, NC 28754-9700
      View Details
    • Value Estimation
      $500,000
      3,875 SF

      831 Main St

      MEDICAL BUILDING • 3,875 SF
      831 Main St, Mars Hill, NC 28754-6273
      View Details
    • Value Estimation by Request
      0.75 Acres

      Mars Hill, NC 28754

      VACANT COMMERCIAL LAND • 0.75 Acres
      Mars Hill, NC 28754
      View Details
    • Value Estimation by Request
      0.45 Acres

      765 Carl Eller Rd

      VACANT COMMERCIAL LAND • 0.45 Acres
      765 Carl Eller Rd, Mars Hill, NC 28754-6002
      View Details

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    • Contact for pricing
      1.05 Acres

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      View Details
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    170 Main St
    Mars Hill, NC 28754-6622
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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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