Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Flexible Commercial Space Near Boone Title is generated by Realmo AI

    151 H O Aldridge Road #A B, Boone, NC 28607

    View on Map
    Claim this Listing
    For Sale
    $535,000

    Multi-use commercial space with warehouse and office units.

    Type:Commercial
    Property size:
    4,000 SF
    Price / SF:
    $133/SF
    Added:
    May 14, 2026
    Days on Market:
    14
    Last Refresh:
    May 14 at 8:44 pm

    Property Features for 151 H O Aldridge Road #A B

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    JASON ELDRETH
    JASON ELDRETH

    Listing agent JASON ELDRETH License #283438

    Listing office A PLUS REALTY

    Listing date May 14, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of A PLUS REALTY

    HighLights

    • Flexible, multi‑use commercial space with over 4000 sq.ft.
    • Great location between Boone and Banner Elk with easy paved access
    • Divided into 2 separate units, each with warehouse/storage space and roll‑up garage doors
    • Unit B includes office space with 3 private offices, conference room, waiting area, and half bath
    • Adequate onsite parking
    • Fiber optic services available and units are separately metered for electric

    Overview

    This flexible, multi-use commercial space offers over 4000 total sq.ft. divided into 2 separate units and adequate onsite parking. It enjoys easy paved access and a location between Boone and Banner Elk. Unit A offers just over 2000 sq.ft. of warehouse space with a roll-up garage door, shelving, a utility sink, and a side entrance. Unit B offers approximately 800 sq.ft. of office space with a front entrance, 3 private offices, a conference room, a waiting area, and a half bath, along with approximately 1100 sq.ft. of heated warehouse/storage space with shelving and a roll-up garage door. The units are connected by a side entrance in the warehouse space. Fiber optic services are available, and units are metered separately for electric. Both units are currently vacant but have been leased consistently in the past. Rental history is available, and both units are currently available for lease.
    Location Intelligence

    Current Use by Public Records

    Norwood's Commercial Appliances, ... Home Appliance Store Carolina Highland Properties General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boone
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.7688237
    Latitude
    36.1581192

    Nearby Similar for Sale

    • $535,000
      4,000 SF

      Flexible Commercial Space in Boone

      Multi-use commercial space with warehouse and office units.
      151 H O Aldridge Road, Boone, NC 28607
      View Details
    • $898,000

      Prime Medical Office Investment Opportunity

      Medical office space in Boone, NC with established lease.
      610 State Farm Road, Boone, NC 28607
      View Details
    • $699,900
      3,111 SF

      Boone, NC Quadraplex Investment

      Six-bedroom quadraplex near downtown Boone and AppState.
      210 Howards Creek Road, Boone, NC 28607
      View Details
    • $1,188,725

      Versatile Commercial/Light Industrial Property

      Commercial/light industrial property with redevelopment potential near Highway 421.
      646 Roby Greene Road, Boone, NC 28607
      View Details
    • $1,350,000

      Updated Office Condo Near Hospital

      Updated office condo near Watauga Medical Center, suitable for medical/professional use.
      610 State Farm Road, Boone, NC 28607
      View Details
    • $995,000

      Versatile Commercial Building in Boone, NC

      7,362 SF multi-use building with rental income potential.
      1345 Poplar Grove Road S, Boone, NC 28607
      View Details
    • $100,000

      Established Construction Business Opportunity

      Successful construction business with 40-year legacy for sale.
      1345 Poplar Grove Road S, Boone, NC 28607
      View Details
    • $799,000
      900 SF

      Remodeled Commercial Building in Boone

      Newly remodeled commercial building with modern amenities near the hospital.
      232 Furman Road, Boone, NC 28607
      View Details
    • $4,400,000
      45,538 SF

      Watauga County Industrial Park Property

      45,538 SF building on 5.01-acre lot for sale.
      374 Industrial Park Drive, Boone, NC 28607
      View Details
    • $1,350,000

      Updated Office Condo Near Hospital

      Updated office condominium near Watauga Medical Center.
      610 State Farm Road #3, Boone, NC 28607
      View Details
    • $195,000
      1,200 SF

      Established Coffee Shop in Boone, NC

      Turnkey coffee shop with mobile espresso cart in Boone.
      188 Boone Heights Dr, Boone, NC 28607
      View Details
    • $1,600,000
      5,800 SF

      Prime Retail Space in Boone

      Renovated retail space in historic downtown Boone.
      713 W King Street, Boone, NC 28607
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-use commercial space with warehouse and office units.
    Where is this flex space located?
    The property is located at 151 H O Aldridge Road #A B Boone, NC.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: Flexible, multi‑use commercial space with over 4000 sq.ft.; Great location between Boone and Banner Elk with easy paved access; Divided into 2 separate units, each with warehouse/storage space and roll‑up garage doors
    (828) 297-1000
    We can help!
    Listing Contact
    JASON ELDRETH
    JASON ELDRETH
    Real Estate License ID: 283438
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    151 H O Aldridge Road #A, B, Boone, NC 28607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!