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Financial
Distress signals
Property profile

119 Boone Rdg Dr Burnsville, NC 28714

OFF-MARKET
Garden apartment buildings
Property ID
US53-2807652
3,400 SF 1.31 ac lot Built 2001
Last sale Apr 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 15,480 square foot property situated on a 1.31-acre lot at 119 Boone Ridge Drive, Burnsville, NC. Currently priced at $1,550,000, this property offers a compelling return on investment with a projected 5.8% capitalization rate. The property is located in a quiet Burnsville community, offering a peaceful atmosphere while enjoying the convenience of being just five minutes away from the town square and all local shopping amenities. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$1.03M
Assessed land$100k
Assessed improvement$934k
Effective rate0.52%

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.75M
AI approach$1.75M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-10
Section 800. R-10 Residential District This district is intended as a quiet, medium-density residential neighborhood district consisting ...
General categoryRESIDENTIAL
JurisdictionYANCEY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand index
Auto Parts Store8.6
Furniture Store8.4
Wholesale Shop8.4

Location

119 Boone Rdg Dr Burnsville, NC 28714-3194
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 9 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
80 Lindsey, Burnsville, NC 28714-8043 $640,000 Jun 2025 4,240 SF
1681 Us Hwy 19e, Burnsville, NC 28714-8453 $235,000 Apr 2024 4,144 SF
7545 Us Hwy 19w, Burnsville, NC 28714-6014 $110,000 Apr 2019 4,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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