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Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Warehouses
101 Sugar Ski Dr Banner Elk, NC 28604
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2863628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
STONE
Total area
576 SF
Lot
7.63 ac (332,363 SF)
Zoning code
R3
APN
18570016711500000
UPID
US53-2863628
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
-
My Mountain Place Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
Stephen P Barnett · 10 yrs held
Stephen P Barnett
since 2015
7 recorded transactions
Zoning & alternative use
R3 · Banner Elk, NC
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 Banner Elk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banner Elk 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$300k
Range $270k – $330k · ±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
$521 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,742
Tax year 2023
Assessed value
$685,400
Assessed 2023
Previous assessed
$685,400
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed improvement
$685,400
Improvement market value
$685,400
Total market value
$685,400
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
STONE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
576 SF
Lot
7.63 ac (332,363 SF)
Zoning code
R3
APN
18570016711500000
UPID
US53-2863628
Jurisdiction
AVERY
Zoning & alternative use
R3 · Banner Elk, NCZoning R3 · permitted uses
R3 · Banner Elk, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 152.002 SHORT TITLE.
Building & site characteristics
From public records
Year built
2015
Construction
STONE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.63 ac
Current owner
From public records · entity-resolved
Stephen P Barnett
Individual
Free & Clear · 10 yrs held
Mailing address
100 SUGAR SKI DR, SUGAR MOUNTAIN, NC 28604-7145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2015
$80,000
Stephen P Barnett
Musgrove Dolores P Trust
Warranty Deed
—
Sep 28, 2015
$77,500
Tim Scott
Economic Properties LLC
Warranty Deed
—
Jul 15, 2015
—
Bryan E Hopkins
Hopkins,diane
Quit Claim Deed
related
—
May 29, 2015
$70,000
Brandon A Barkley
Spath Eugene E & Agustina
Warranty Deed
$62,930 · Bank Of Tacoma
Mar 6, 2015
$75,000
Kinsman,dorothy L Living Trust
Carroll Patricia A
Warranty Deed
—
Mar 6, 2015
$64,000
Polk Of Shiflett Properties LLC
Baalbaki Samih M & Elizabeth M
Warranty Deed
—
Mar 2, 2015
—
Ronald S Kent
First Citizens Bk & Trust Co
Grant Deed
related
—
Dec 2, 2014
—
RT Messenger Mary S Trust
Messenger,janet M & Mark T
Quit Claim Deed
related
—
Jul 13, 2012
$62,500
Economic Properties LLC
Wilson,mark D
Grant Deed
—
Dec 8, 2011
—
John E Moss
Moss,john E
Quit Claim Deed
related
—
Nov 29, 2011
$85,000
Joseph F Massey
Hair,carol
Grant Deed
$45,000 · State Employees Cu
Sep 14, 2011
$75,000
One More Time LLC
Travis,lynn Lewis
Grant Deed
$37,505 · Robin Round
Aug 12, 2011
$67,000
Jackson Assets LLC
Viscomi,nicholas J
Grant Deed
related
—
Jul 5, 2011
$79,000
Rosalie R King
Long Rentals LLC
Grant Deed
—
Oct 22, 2010
—
John E Etal Moss
Moss,john E
Quit Claim Deed
related
—
Oct 4, 2010
$103,000
John E Moss
Vaughn,connie Leech Suc Tr
Grant Deed
—
Oct 19, 2005
—
Kinsman,dorothy L Tr
Kinsman,dorothy L
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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