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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Grocery and convenience stores
178 King St, Boone, NC 28607-3513
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2721198
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Total area
25,823 SF
Lot
1.45 ac (63,162 SF)
Zoning code
BOB3
APN
2910-08-5424-000
UPID
US53-2721198
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
-
Earth Fare Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Sofield Childrens LP · 6 yrs held
Sofield Childrens LP
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$3,732,540
Assessed 2023
Previous assessed
$3,732,540
+0.0% YoY
Assessed land
$1,934,300
Assessed improvement
$1,798,240
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1975
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
25,823 SF
Lot
1.45 ac (63,162 SF)
Zoning code
BOB3
APN
2910-08-5424-000
UPID
US53-2721198
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
1975
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.45 ac
Current owner
From public records · entity-resolved
Sofield Childrens LP
Entity
Mailing address
355 INDUSTRIAL PARK DR, BOONE, NC 28607-3978
Ownership since
2019
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
Feb 26, 2021
—
Sofield Childrens Limited Partnersh
—
Deed
related
$2,750,000 · First Citizens Bank & Trust Co
Nov 1, 2019
$3,800,000
Sofield Childrens LP
Turnhart Acquisition Corp
Grant Deed
—
Aug 26, 2005
—
Turnhart Acquistion Corp
Turnhart Enterprises INC
Gift Deed
related
—
—
—
Turnhart,acquisition Corp
—
Deed Of Trust
related
$3,150,000 · Peoples Community Bank
—
—
Turnhart Acquisition Corp
—
Deed Of Trust
related
$980,000 · Washington County Bank
—
—
Turnhart,acquisition Corp
—
Deed Of Trust
related
$100,000 · Peoples Community 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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