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Financial
Distress signals
Property profile

508 W State St Black Mountain, NC 28711

FOR SALE
Turn key restaurants
Property ID
US53-2090078
5,420 SF 0.95 ac lot Built 1945
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$612k
Effective rate0.84%

Value estimate

· Oct 2026
$310k
$279k – $341k
Submarket $/SF estimate$828k
NOI build-up
Gross scheduled income$89k
Vacancy & credit loss−$2k
Operating expenses−$22k
NOI · 7.32% cap applied$66k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$345/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$137 – $560

Cap rate analysis

How does the asset earn?
7.32%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DEED DATE: 10/07/1994 DEE
JurisdictionBUNCOMBE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.6
HVAC Service11.6
Parking Facility11.5

Location

508 W State St Black Mountain, NC 28711
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 State, Black Mountain, NC 28711-3525 $115,000 Jun 2025 4,760 SF
400 State, Black Mountain, NC 28711-3520 $800,000 Oct 2024 4,200 SF
128 Broadway, Black Mountain, NC 28711-3423 $1,350,000 Nov 2023 8,079 SF
112 State, Black Mountain, NC 28711 $650,000 Dec 2021 3,670 SF
117 Cherry, Black Mountain, NC 28711-3458 $960,000 Apr 2021 7,364 SF
119 Broadway, Black Mountain, NC 28711-3422 $850,000 Dec 2020 4,524 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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