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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Drive through restaurants
1760 Blowing Rock Rd, Boone, NC 28607-6146
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2568504
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Total area
1,780 SF
Lot
0.29 ac (12,720 SF)
Zoning code
BOB3
APN
2910-51-5802-000
UPID
US53-2568504
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
-
Sweet Frogs Cafe & Coffee Shop Take-out & Catering
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
AT&T - Internet Service Provider Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Bt Palmetto North LLC · 5 yrs held
Bt Palmetto North LLC
since 2020
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
BOB3 · Boone, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$895,000
+129.8%
Office building
$515,000
+31.4%
Medical building
$455,000
+16.6%
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
$680,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$895,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$455,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$440,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Aug 4 2020)
Last sale anchor
$675k
Aug 4 2020
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
$379 / 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
$504,490
Assessed 2023
Previous assessed
$504,490
+0.0% YoY
Assessed land
$330,700
Assessed improvement
$173,790
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Heating
YES
Cooling
CENTRAL
Total area
1,780 SF
Lot
0.29 ac (12,720 SF)
Zoning code
BOB3
APN
2910-51-5802-000
UPID
US53-2568504
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$515,000
MEDICAL BUILDING
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$420,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Lot
0.29 ac
Current owner
From public records · entity-resolved
Bt Palmetto North LLC
Entity
Free & Clear · 5 yrs held
Mailing address
16250 NW 48TH AVE, MIAMI LAKES, FL 33014-6415
Ownership since
2020
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
Aug 4, 2020
$675,000
Bt Palmetto North LLC
George A Stamos
Warranty Deed
—
Feb 4, 2019
—
George A Stamos
—
Trustees Deed
related
$75,000 · A & W Dacchille INC
Jun 24, 2016
—
Clark Unlimited Properties LLC
—
Deed
related
$2,120,000 · Bridge Funding Group INC
Feb 5, 2013
$450,100
George A Stamos
Pintail Group LLC
Warranty Deed
$700,000 · Cornerstone Bank
Jan 18, 2013
$450,000
George A Stamos
Tp Land Holdings LLC
Grant Deed
$700,000 · Cornerstone Bank
—
—
Clark Unlimited Properties LLC
—
Deed Of Trust
related
$2,120,000 · Bridge Funding Group INC
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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