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    Property profile & analytics

    702 Main St Burnsville, NC 28714-3102

    • Turn key restaurants
    • 2,124 SF
    OFF-MARKET
    Value Estimation
    $640,000
    Last Sale
    Mar 03, 2023
    $625,000
    Location Intelligence
    Property ID
    US53-2793646
    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

    • Lil' Smoky's / Breakfast Restaurant / American Restaurant

    Property Details for 702 Main St

    Year built
    1954
    Construction
    WOOD FRAME
    Property size
    2,124 SF
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    082015648360.002
    APU
    82015648360002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $610,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $625,000
      Retail
      $575,000
      Mixed-Use
      $745,000
      Hospitality
      $730,000
      Educational
      $770,000
      Residential Income
      $760,000
      Energy
      $770,000
      Income-Based Land
      $595,000
      Food Service
      $640,000

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Yancey
    State
    North Carolina
    Longitude
    -82.2862
    Latitude
    35.9164

    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
    $651
    $0.00
    $108,440
    $108,440
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,730,000
      3,423 SF

      606 Us Hwy 19th Byp

      RESTAURANT • 3,423 SF
      606 Us Hwy 19th Byp, Burnsville, NC 28714-7152
      View Details
    • Value Estimation
      $155,000
      1,120 SF

      11381 State Hwy 80th S

      RESTAURANT • 1,120 SF
      11381 State Hwy 80th S, Burnsville, NC 28714
      View Details
    • Value Estimation by Request
      12,532 SF

      337 Clb House Dr

      RESTAURANT • 12,532 SF
      337 Clb House Dr, Burnsville, NC 28714-1159
      View Details
    • Value Estimation
      $470,000
      2,214 SF

      552 Us Hwy 19th E Byp

      RESTAURANT • 2,214 SF
      552 Us Hwy 19th E Byp, Burnsville, NC 28714-7202
      View Details
    • Value Estimation by Request
      8,400 SF

      321 Main St

      RESTAURANT • 8,400 SF
      321 Main St, Burnsville, NC 28714-2830
      View Details
    • Value Estimation
      $320,000
      4,450 SF

      11510 State Hwy 80th S

      RESTAURANT • 4,450 SF
      11510 State Hwy 80th S, Burnsville, NC 28714-6761
      View Details

    Similar Nearby for Sale

    • $850,000
      8,024 SF

      Downtown Burnsville Retail Gem

      Historic Main Street Retail Opportunity
      127 Main St, Burnsville, NC 28714
      View Details
    • $675,000
      4.28 Acres

      Commercial Property with Auto Service

      4.28 acres with tire shop on US Highway 19.
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    • $2,550,000
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    • $720,000
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      Burnsville Warehouse, Retail, Office Space

      5000 SF warehouse, retail, and office location in Burnsville.
      722 E Main St, Burnsville, NC 28714
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    • $675,000

      Commercial Land with Auto Shop

      4.28 acres on US Highway 19 with established tire shop.
      23 Lana Ln, Burnsville, NC 28714
      View Details
    • New
      $799,000
      0.08 Acres

      Main Street Commercial/Residential Property

      Renovated two-story building with retail and residential spaces.
      112 W Main St, Burnsville, NC 28714
      View Details
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    702 Main St
    Burnsville, NC 28714-3102
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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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