For Sale
1 / 32
$1,700,000
501 N Mountain St, Cherryville, NC 28021
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Property summary
AI-generated overview
The historic Cherryville Mill is a multi-building property offering approximately 152,000 square feet of interior space on a 4.97-acre lot with more than 996 feet of road frontage. The site is zoned RMF and features mill-style architectural elements including exposed brick walls, large wooden beams, and tall/soaring ceilings. The property is located about 0.4 miles from the developing downtown area of Cherryville and is positioned along a road with substantial frontage, supporting residential redevelopment concepts such as apartments, townhomes, or mixed-use residential use.
Property profile
Verified
Property type
Industrial (General)
Year built
1900
Total area
5,471 SF
Lot
5.95 ac (259,182 SF)
Zoning code
INDS1
APN
128879
UPID
US53-0641544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2024
Last sale
$225,000
1 recorded transaction
Zoning & alternative use
INDS1 · Cherryville, NC
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
5,471 SF
Lot area
5.95 ac
Year built
1900
APN
128879
Zoning
INDS1
Assessed value
$238,780
Annual tax
$2,576
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$2,576
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.31M
Move the market yield to see immediate price impact.
Value / SF
$2,615
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$901k
$18.03M
$12.88M
$10.01M
$1.00M
$20.03M
$14.31M
$11.13M
$1.10M
$22.03M
$15.74M
$12.24M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,576
Tax year 2024
Assessed value
$238,780
Effective rate
1.08%
On assessed value
Assessed land
$104,750
Assessed improvement
$134,030
Applied tax rate
140.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial (General)
Status
For Sale
Year built
1900
Total area
5,471 SF
Lot
5.95 ac (259,182 SF)
Zoning code
INDS1
APN
128879
UPID
US53-0641544
Zoning & alternative use
INDS1 · Cherryville, NCZoning INDS1 · permitted uses
INDS1 · Cherryville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Lot
5.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
INDS1
Jurisdiction
Cherryville, NC
Recorded code
INDS1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INDS1 in Cherryville, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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