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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Automotive properties
135 Innovation Dr, Boone, NC 28607-4783
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2531760
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2012
Total area
1,260 SF
Lot
3.18 ac (138,521 SF)
Zoning code
BOB3
APN
2921-30-0232-000
UPID
US53-2531760
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
-
Nissan Service Auto Repair Shop
-
Friendship Nissan of Boone Car Dealership
-
Nissan Charging Station Electric Vehicle Charging Station
-
Nissan Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Innovation Drive LLC · 1 yrs held
Innovation Drive LLC
since 2024
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
BOB3 · Boone, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Boone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boone 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
$4,225,000
ML approach
$4,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±10% · vs last sale $4.23M (Oct 29 2024)
Last sale anchor
$4.23M
Oct 29 2024
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
$3,353 / 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
Property tax & assessments
Assessed value
$3,135,670
Assessed 2023
Previous assessed
$3,135,670
+0.0% YoY
Assessed land
$1,114,800
Assessed improvement
$2,020,870
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,260 SF
Lot
3.18 ac (138,521 SF)
Zoning code
BOB3
APN
2921-30-0232-000
UPID
US53-2531760
Jurisdiction
WATAUGA
Zoning & alternative use
BOB3 · Boone, NC
Zoning BOB3 · permitted uses
BOB3 · Boone, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boone. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Innovation Drive LLC
Entity
Mailing address
PO BOX 1967, BRISTOL, TN 37621-1967
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
$4,225,000
Innovation Drive LLC
Pegasus Capital Partners LLC
Special Warranty Deed
$4,225,000 · First Citizens Bank & Trust Co
Oct 29, 2024
—
Innovation Drive LLC
Pegasus Capital Partners LLC
Quitclaim Deed
related
—
Mar 18, 2020
$3,000,000
Pegasus Capital Partners LLC
Boone Automotive Prop Grp LLC
Grant Deed
—
Sep 6, 2017
$4,100,000
Boone Automotive Property Group LLC
Everett Real Estate Investments LLC
Special Warranty Deed
$53,000,000 · Ally Bank
Dec 29, 2014
—
Everett Real Estate Invs LLC
University Nissan Of Boone North
Grant Deed
—
Aug 7, 2014
$4,100,000
Everett Real Estate Investments LLC
University Nissan Of Boone
Warranty Deed
$3,400,000 · Peoples Bank
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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