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    Property profile & analytics

    71 Cheek St Sparta, NC 28675

    • Garden apartment buildings
    • 0.33 lot acres
    For Sale
    View listing
    $485,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-4350597
    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

    • Garden apartment buildings

    Property Details for 71 Cheek St

    Year built
    1973
    Lot size
    0.33 lot acres
    Property type
    Garden apartment buildings
    APN
    3070793331
    APU
    3070793331

    Description

    This exceptional six-unit apartment building presents a compelling investment opportunity in the heart of Sparta, NC. Located at 71 E Cheek Street, this property boasts 5,952 square feet on a 0.33-acre lot within the town limits, ensuring convenient access to municipal water and sewer services. The building comprises four main-level units and two lower-level units, all with similar square footage but unique layouts. Five units are equipped with electric baseboard heating, while one features a heat pump. Recent upgrades include new hot water heaters and flooring throughout. Four units offer in-unit washer/dryer hookups, while units five and six share a common utility room. Approximately half of the windows have been recently replaced, and one side of the building showcases new siding. The property benefits from high-speed fiber optic internet access. Currently, four units are rented, one is owner-occupied, and one operates as an Airbnb. Its central location provides easy walking access to downtown Sparta, restaurants, banking services, the post office, a grocery store, and places of worship. This property offers a blend of immediate income generation and significant long-term potential, making it an ideal addition to any investment portfolio. The asking price is $485,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $510,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $575,000
      Mixed-Use
      $480,000
      Hospitality
      $565,000
      Educational
      $535,000
      Residential Income
      $505,000
      Energy
      $570,000
      Income-Based Land
      $505,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Alleghany
    State
    North Carolina
    Longitude
    -81.1182
    Latitude
    36.505

    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
    0
    $0.00
    $32,300
    $212,600
    $244,900
    -
    $32,300
    $212,600
    $244,900

    Comparable in this City

    • Value Estimation by Request
      3.32 Acres

      273 Independence Rd

      GARDEN APT, COURT APT (5+ UNITS) • 3.32 Acres
      273 Independence Rd, Sparta, NC 28675-9347
      View Details
    • Value Estimation by Request
      1.07 Acres

      65 Peachtree St

      GARDEN APT, COURT APT (5+ UNITS) • 1.07 Acres
      65 Peachtree St, Sparta, NC 28675-9339
      View Details
    • Value Estimation
      $245,000
      2,448 SF

      140 Duncan St

      GARDEN APT, COURT APT (5+ UNITS) • 2,448 SF
      140 Duncan St, Sparta, NC 28675-8946
      View Details
    • Value Estimation by Request
      2.75 Acres

      218 Whitehead St

      GARDEN APT, COURT APT (5+ UNITS) • 2.75 Acres
      218 Whitehead St, Sparta, NC 28675-9178
      View Details
    • Value Estimation
      $235,000
      3,744 SF

      56 Doctors St

      GARDEN APT, COURT APT (5+ UNITS) • 3,744 SF
      56 Doctors St, Sparta, NC 28675-9373
      View Details
    • Value Estimation
      $495,000
      2.02 Acres

      521 Whitehead St

      GARDEN APT, COURT APT (5+ UNITS) • 2.02 Acres
      521 Whitehead St, Sparta, NC 28675-8206
      View Details

    Similar Nearby for Sale

    • $425,000
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      Sparta Apartment Building Investment Opportunity

      Six-unit apartment building in excellent location with rental income.
      71 E Cheek St, Sparta, NC 28675
      View Details
    • Contact for pricing
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    71 Cheek St
    Sparta, NC 28675
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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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