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Property profile

148 Watauga St Newland, NC 28657

OFF-MARKET
Garden apartment buildings
Property ID
US53-3490631
3,168 SF 0.34 ac lot Built 1981
Entity Owned Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1981
Construction STONE
Total area 3,168 SF
Lot 0.34 ac (14,810 SF)
APN 18361553623500000
UPID US53-3490631

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$405k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $455,000 +10.8%
Warehouse, storage $450,000 +9.8%

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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