Property profile

1121 Main St Blowing Rock, NC 28605

OFF-MARKET
Turn key restaurants
Property ID
US53-2850319
2,325 SF 0.19 ac lot Built 1920
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Total area 2,325 SF
Lot 0.19 ac (8,364 SF)
APN 2807-97-2720-000
UPID US53-2850319

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant
  • Clothing Store

Location

1121 Main St Blowing Rock, NC 28605-8280
Blowing Rock metro Census 920800 BOONE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$567k
Blend (final) Blend
$510k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $800,000 +69.7%
Office building $755,000 +60.3%
Commercial (general) $650,000 +37.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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