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    Property profile & analytics

    390 Main St Chimney Rock, NC 28720

    • Commercial real estate
    • 1,648 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Dec 09, 2022
    Location Intelligence
    Property ID
    US53-3145932
    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

    • Commercial real estate

    Property Details for 390 Main St

    Year built
    2001
    Lot size
    0.12 lot acres
    Property size
    1,648 SF
    Property type
    Commercial real estate
    APN
    224762
    APU
    224762

    Description

    This exceptional 6,200 square foot retail property, located at 390 Main St in Chimney Rock, NC, presents a prime redevelopment opportunity. The three-story building, constructed in 2001, sits on a 0.12-acre lot (APN 224762) and is zoned TB. Currently vacant, the property was formerly a restaurant and offers versatile potential for various uses, including a food hall, brewery, or retail mall. Its prime downtown location, just 200 feet from the state park entrance, provides exceptional visibility and foot traffic. Enjoy stunning views from the building's balcony overlooking Main Street. The 2023 AADT is estimated at 3700 vehicles. All existing fixtures, furniture, and equipment (FF&E) are included in the sale price of $787,500. The property is being sold "as is," with no repairs to be made by the seller. This is a unique chance to acquire a substantial building in a thriving location with significant redevelopment potential.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chimney Rock
    County
    Rutherford
    State
    North Carolina
    Longitude
    -82.2477
    Latitude
    35.4399
    CBSA code
    22580
    CBSA name
    FOREST CITY, NC MICROPOLITAN 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
    2021
    $4,550
    $104,500
    $347,400
    $451,900
    -
    $104,500
    $347,400
    $451,900

    Comparable in this City

    • Value Estimation by Request
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      375 Main St

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      745 Main St

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      289 Main St

      COMMERCIAL (GENERAL) • 1,970 SF
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      215 Main St

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      410 Main St

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    • Value Estimation
      $540,000
      3,100 SF

      339 Main St

      COMMERCIAL (GENERAL) • 3,100 SF
      339 Main St, Chimney Rock, NC 28720
      View Details
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    390 Main St
    Chimney Rock, NC 28720
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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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