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    Property profile & analytics

    227 State St Black Mountain, NC 28711-3408

    • Turn key restaurants
    • 3,252 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 07, 2025
    $600,000
    Location Intelligence
    Property ID
    US53-5169375
    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

    • Thai Basil / Thai Restaurant / Asian Restaurant

    Property Details for 227 State St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    3,252 SF
    Zone code
    DEED DATE: 05/17/2007 DEE
    Property type
    Turn key restaurants
    APN
    0619-25-9579-00000
    APU
    61925957900000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3216
    Latitude
    35.6159
    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
    $3,613
    $0.00
    $0.00
    $430,800
    -
    $278,800
    $152,000
    $430,800

    Comparable in this City

    • 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
      4,780 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
      $570,000
      1,260 SF

      203 State St

      RESTAURANT • 1,260 SF
      203 State St, Black Mountain, NC 28711-3408
      View Details

    Similar Nearby for Sale

    • $2,990,000

      Restaurant/Bar with Redevelopment Potential

      Fully furnished restaurant/bar with redevelopment potential in Black Mountain.
      141 S Ridgeway Blvd, Black Mountain, NC 28711
      View Details
    • $1,100,000
      4,724 SF

      Black Mountain Investment Opportunity

      Highway business zoned property near downtown Black Mountain and Asheville.
      508 W State St, Black Mountain, NC 28711
      View Details
    • $739,000

      Commercial Building Near Downtown

      Commercial building near downtown Black Mountain with office/retail space.
      104 Church St, Black Mountain, NC 28711
      View Details
    • $120,000
      0.17 Acres

      Wooded Lot in Black Mountain

      Private wooded lot near downtown Black Mountain with winter views.
      Tract B Carolina Hts, Black Mountain, NC 28711
      View Details
    • $35,000
      1.39 Acres

      Black Mountain Buildable Lot

      1.39-acre lot in Catawba Falls Preserve, perfect for dream home.
      38 Attica Falls Trl, Black Mountain, NC 28711
      View Details
    • $175,000

      Land Near Lake Tomahawk

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

    Similar Nearby for Lease

    • $799,000
      2,010 SF

      Former Walgreens with Drive-Thru

      Drive-thru space at signalized corner near Ingles grocery store.
      510 Nc Highway 9, Black Mountain, NC 28711
      View Details
    • $9 SF/Yr
      150,665 SF

      104 Eastside Dr

      Distribution properties • 150,665 SF
      104 Eastside Dr, Black Mountain, NC 28711
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.9k
    • Avg Time on site
      43 min
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    227 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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