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    Property profile & analytics

    214 E Main St Cherryville, NC 28021

    • Banks
    • 2,300 SF
    • 0.07 lot acres
    For Sale
    View listing
    $225,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-0528872
    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

    • Banks

    Property Details for 214 E Main St

    Year built
    1960
    Lot size
    0.07 lot acres
    Property size
    2,300 SF
    Zone code
    RET01
    Property type
    Banks
    APN
    129866
    APU
    129866

    Description

    This exceptional 0.07-acre commercial property, located at 214 E Main Street in Cherryville, NC, presents a unique investment opportunity. Priced at $325,000, this renovated office building offers significant potential as either a thriving small retail space or a distinctive event venue. Its prime location directly adjacent to the J. Ralph Beam, Jr. Heritage Park and behind the Chamber of Commerce ensures high visibility and convenient access for customers and patrons. The building has undergone significant renovations within the past six years, enhancing its functionality and aesthetic appeal. A key improvement includes the addition of two modern bathrooms, significantly increasing the property's usability and comfort. The square footage is not currently specified, but the property's size and location make it an ideal space for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in a desirable area with high foot traffic potential. Serious inquiries are encouraged to explore this promising investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $135,000
      6.5%
      $150,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $130,000
      Mixed-Use
      $155,000
      Hospitality
      $150,000
      Educational
      $125,000
      Residential Income
      $150,000
      Energy
      $145,000
      Income-Based Land
      $150,000
      Food Service
      $135,000

    Location Insight

    • Map
    • Local Demand
    City
    Cherryville
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.3779
    Latitude
    35.3789
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 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
    $1,167
    $9,150
    $99,010
    $108,160
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      124 Main St

      FINANCIAL BUILDING • 2,016 SF
      124 Main St, Cherryville, NC 28021-3228
      View Details
    • Value Estimation by Request
      1,184 SF

      211 Main St

      FINANCIAL BUILDING • 1,184 SF
      211 Main St, Cherryville, NC 28021-3408
      View Details
    • Value Estimation
      $200,000
      2,114 SF

      106 Cherry St

      FINANCIAL BUILDING • 2,114 SF
      106 Cherry St, Cherryville, NC 28021-2903
      View Details
    • Value Estimation
      $150,000
      5,760 SF

      301 2nd St

      FINANCIAL BUILDING • 5,760 SF
      301 2nd St, Cherryville, NC 28021
      View Details
    • Value Estimation
      $260,000
      2,205 SF

      108 Cherry St

      FINANCIAL BUILDING • 2,205 SF
      108 Cherry St, Cherryville, NC 28021-2903
      View Details
    • Value Estimation
      $305,000
      6,805 SF

      301 Main St

      FINANCIAL BUILDING • 6,805 SF
      301 Main St, Cherryville, NC 28021-3410
      View Details

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      Cherryville Office Building For Sale

      Prime location, renovated office space. Event venue potential.
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    214 E Main St
    Cherryville, NC 28021
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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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