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Property profile & analytics
OFF-MARKET
Estimated value
$330,000
Investment properties
617 Main St Burnsville, NC 28714-2737
Individually Owned
10-yr Hold
Free & Clear
Property ID
US53-2549222
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1951
Construction
WOOD FRAME
Total area
11,420 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-2
APN
082013045073.000
UPID
US53-2549222
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phil's Tire Services (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$330k
Owner & transaction history
Phillip A Harris · 10 yrs held
Phillip A Harris
since 2016
2 recorded transactions
Zoning & alternative use
C-2 · Burnsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 802. C-2 General Business District. The purpose of this district is to provide for commercial activity along major thoroughfares and at other convenient points in the area. Regulations are designed to preserve the traffic carrying capacity of the streets and thoroughfares and to provide sufficient off-street parking. It is not the intent of this dist…
Zone name
General Business
General category
COMMERCIAL
Zone area
191.56 ac
Source
Zoning Ordinance
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$330k
Range $297k – $363k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,010
Tax year 2024
Assessed value
$386,500
Assessed 2024
Previous assessed
$226,450
+70.7% YoY
Effective rate
0.52%
On assessed value
Assessed land
$146,100
Assessed improvement
$240,400
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
3
Total area
11,420 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-2
APN
082013045073.000
UPID
US53-2549222
Jurisdiction
YANCEY
Zoning & alternative use
C-2 · Burnsville, NCZoning C-2 · permitted uses
C-2 · Burnsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 802. C-2 General Business District. The purpose of this district is to provide for commercial activity along major thoroughfares and at other convenient points in the area. Regulations are designed to preserve the traffic carrying capacity of the streets and thoroughfares and to provide sufficient off-street parking. It is not the intent of this district to encourage extensive strip commercial development, but to provide concentrations of general commercial activities. (1) The following uses are permitted, by approval of the Zoning Administrator, in structures with less than 6000 20,000 square feet of total floor area and subsequent to review by the Design Review Committee, provided that all proposals meet or exceed the provisions in
Zone name
General Business
General category
COMMERCIAL
Zone area
191.56 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1951
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Phillip A Harris
Individual
Free & Clear · 10 yrs held
Mailing address
617 W MAIN ST, BURNSVILLE, NC 28714-2737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2016
—
Phillip A Harris
Harris M Living Trust
Quit Claim Deed
related
—
Sep 26, 2013
$39,500
Mildred G Harris
Gibbs,charles E & Marjorie
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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