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    Property profile & analytics

    379 Oak Ave Spruce Pine, NC 28777-2723

    • Motels
    • 9,264 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Nov 26, 2024
    Location Intelligence
    Property ID
    US53-4351771
    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

    • Spruce Pine Inn / Motel / Inn

    Property Details for 379 Oak Ave

    Year built
    1955
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.31 lot acres
    Property size
    9,264 SF
    Property type
    Motels
    APN
    0890-17-12-9095
    APU
    89017129095

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spruce Pine
    County
    Mitchell
    State
    North Carolina
    Longitude
    -82.0667
    Latitude
    35.9154

    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
    2023
    $1,635
    $67,500
    $224,400
    $291,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,005,000
      3.02 Acres

      11827 226th Hwy

      MOTEL • 3.02 Acres
      11827 226th Hwy, Spruce Pine, NC 28777-8911
      View Details
    • Value Estimation
      $355,000
      1.38 Acres

      51 Pne Ave

      MOTEL • 1.38 Acres
      51 Pne Ave, Spruce Pine, NC 28777-5302
      View Details
    • Value Estimation
      $185,000
      3.22 Acres

      872 Greenwood Rd

      MOTEL • 3.22 Acres
      872 Greenwood Rd, Spruce Pine, NC 28777-3114
      View Details
    • Value Estimation by Request
      220.27 Acres

      2171 Henredon Rd

      CAMPGROUND, RV PARK • 220.27 Acres
      2171 Henredon Rd, Spruce Pine, NC 28777-5706
      View Details
    • Value Estimation
      $590,000
      392 SF

      260 Spruce Pne Campground Rd

      CAMPGROUND, RV PARK • 392 SF
      260 Spruce Pne Campground Rd, Spruce Pine, NC 28777-6385
      View Details
    • Value Estimation
      $375,000
      38.35 Acres

      Franklin Crst Rd

      CAMPGROUND, RV PARK • 38.35 Acres
      Franklin Crst Rd, Spruce Pine, NC 28777
      View Details

    Similar Nearby for Sale

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    • $85,000
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      Spruce Pine Land For Sale

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    • $72,000
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      Serene Mountain Property in Spruce Pine

      Mountain property with gated entrance, underground utilities, and community amenities.
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    Similar Nearby for Lease

    • $15 SF/Yr
      5,313 SF

      Spruce Pine Medical Office Building

      5,313 SF Medical Office for Lease
      496 Altapass Hwy, Spruce Pine, NC 28777
      View Details
    • $16 SF/Yr
      1,514 SF

      Spruce Pine Medical Office Space

      1,514 SF Medical Office for Lease
      36 Hospital Dr, Spruce Pine, NC 28777
      View Details
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    379 Oak Ave
    Spruce Pine, NC 28777-2723
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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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