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    Property profile & analytics

    515 Roan Rd Spruce Pine, NC 28777-8364

    • Retail space
    • 2.69 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Oct 15, 2024
    Location Intelligence
    Property ID
    US53-4442585
    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

    • Retail space

    Property Details for 515 Roan Rd

    Lot size
    2.69 lot acres
    Property type
    Retail space
    APN
    0880-16-84-3033
    APU
    88016843033

    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
    -82.0788
    Latitude
    35.921

    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
    $921
    $53,800
    $110,700
    $164,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      15090 226th Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.41 Acres
      15090 226th Hwy, Spruce Pine, NC 28777-6392
      View Details
    • Value Estimation by Request
      840 SF

      440 Oak Ave

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      440 Oak Ave, Spruce Pine, NC 28777-2726
      View Details
    • Value Estimation by Request
      4,800 SF

      462 Oak Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      462 Oak Ave, Spruce Pine, NC 28777-2726
      View Details
    • Value Estimation by Request
      336 SF

      608 Us 19e

      RETAIL STORES (PERSONAL SERVICES) • 336 SF
      608 Us 19e, Spruce Pine, NC 28777
      View Details
    • Value Estimation
      $220,000
      1,500 SF

      714 Smt Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      714 Smt Ave, Spruce Pine, NC 28777-3438
      View Details
    • Value Estimation
      $90,000
      1,835 SF

      174 Smt Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,835 SF
      174 Smt Ave, Spruce Pine, NC 28777-2980
      View Details

    Similar Nearby for Sale

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      1,217 SF

      Spruce Pine Mixed-Use Property

      High-traffic location, owner financing available.
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    • $649,000

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      70.75+/- acre property near Spruce Pine with mountain views.
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      Six acres of unrestricted land suitable for residential development.
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    • $82,500
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      Land in Spruce Pine, NC

      2.79 acre lot near Linville, Banner Elk, and Blue Ridge.
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    • $132,000
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      Spruce Pine Mountain View Lot

      1.22 acre lot with layered mountain views near Linville.
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    • $85,000
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      Spruce Pine Land For Sale

      Two lots totaling 6.76 acres in Mountain Brook Estates.
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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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    515 Roan Rd
    Spruce Pine, NC 28777-8364
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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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