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    Property profile & analytics

    203 State St Black Mountain, NC 28711-3408

    • Turn key restaurants
    • 1,260 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Apr 15, 2025
    $650,000
    Location Intelligence
    Property ID
    US53-1124284
    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

    • Black Mountain Bistro / Bistro
    • Song of the Wood / Musical Instrument Manufacturer
    • The Enchanted Oak / Gift Shop

    Property Details for 203 State St

    Year built
    1926
    Construction
    FRAME
    Lot size
    0.03 lot acres
    Property size
    1,260 SF
    Zone code
    DEED DATE: 2022-11-23 DEE
    Property type
    Turn key restaurants
    APN
    0619-35-1946-00000
    APU
    61935194600000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $610,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $590,000
      Mixed-Use
      $550,000
      Hospitality
      $735,000
      Educational
      $750,000
      Residential Income
      $650,000
      Energy
      $565,000
      Income-Based Land
      $580,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3211
    Latitude
    35.6169
    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
    $2,885
    $0.00
    $0.00
    $344,000
    -
    $58,800
    $285,200
    $344,000

    Comparable in this City

    • Value Estimation by Request
      4,780 SF

      701 Nc Hwy 9th 9

      RESTAURANT • 4,780 SF
      701 Nc Hwy 9th 9, Black Mountain, NC 28711-3825
      View Details
    • Value Estimation by Request
      2,832 SF

      306 State St

      RESTAURANT • 2,832 SF
      306 State St, Black Mountain, NC 28711-3517
      View Details
    • Value Estimation
      $1,150,000
      8,079 SF

      128 Broadway St

      RESTAURANT • 8,079 SF
      128 Broadway St, Black Mountain, NC 28711-3423
      View Details
    • Value Estimation by Request
      5,420 SF

      508 State St

      RESTAURANT • 5,420 SF
      508 State St, Black Mountain, NC 28711-2746
      View Details
    • Value Estimation
      $350,000
      2,185 SF

      114 State St

      RESTAURANT • 2,185 SF
      114 State St, Black Mountain, NC 28711-3523
      View Details
    • Value Estimation by Request
      4,524 SF

      581 Nc Hwy 9th 9

      RESTAURANT • 4,524 SF
      581 Nc Hwy 9th 9, Black Mountain, NC 28711-3828
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $799,000
      2,010 SF

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      Drive-thru space at signalized corner near Ingles grocery store.
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    • $9 SF/Yr
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      Distribution properties • 150,665 SF
      104 Eastside Dr, Black Mountain, NC 28711
      View Details
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    203 State St
    Black Mountain, NC 28711-3408
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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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