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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Investment properties
211 Main St Burnsville, NC 28714-3016
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-2647582
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,130 SF
Lot
2.83 ac (123,275 SF)
Zoning code
C-3
APN
082015542817.000
UPID
US53-2647582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Colonial Guest Rooms Bed & Breakfast Hotel & Motel
-
Mako Beauty, LLC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
John R Banks · 7 yrs held
John R Banks
since 2018
1 recorded transaction
Zoning & alternative use
C-3 · Burnsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 804 C-3 East/West Main Street Buisness District. The purpose of this district is to provide for commercial activity along the transportation corridor of East/West Main Street, outside of the C-1 Central Business District. It is not the intent of this district to encourage extensive strip commercial development, but to provide concentrations of genera…
Zone name
East West Main Street Business
General category
COMMERCIAL
Zone area
75.63 ac
Source
Zoning Ordinance
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,585
Tax year 2024
Assessed value
$497,100
Assessed 2024
Previous assessed
$264,630
+87.8% YoY
Effective rate
0.52%
On assessed value
Assessed land
$214,500
Assessed improvement
$282,600
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
3,130 SF
Lot
2.83 ac (123,275 SF)
Zoning code
C-3
APN
082015542817.000
UPID
US53-2647582
Jurisdiction
YANCEY
Zoning & alternative use
C-3 · Burnsville, NCZoning C-3 · permitted uses
C-3 · Burnsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 804 C-3 East/West Main Street Buisness District. The purpose of this district is to provide for commercial activity along the transportation corridor of East/West Main Street, outside of the C-1 Central Business District. It is not the intent of this district to encourage extensive strip commercial development, but to provide concentrations of general commercial activities with development standards more conducive to Main Street than those allowed in the C-2 General Business District. (1) The following uses are permitted by approval of the zoning administrator, in structures with less than 3500 15,000 square feet of total floor area and subsequent to review by the Design Review Committee, provided that all proposals meet or exceed the provisions in Article 9: Design Standards and Dimensional Requirements. Any allowable uses exceeding 3500 15,000 square feet shall be permitted as conditional uses subject to the provisions of
Zone name
East West Main Street Business
General category
COMMERCIAL
Zone area
75.63 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
5
Bathrooms
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
John R Banks
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 1391, BURNSVILLE, NC 28714-1391
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
John R Banks
Banks Family Trust
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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