New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
179 Howard St, Boone, NC 28607-4038
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2660396
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Total area
5,039 SF
Lot
0.16 ac (6,970 SF)
Zoning code
BOB1
APN
2900-79-8185-000
UPID
US53-2660396
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
-
ATM Atm
-
The Local Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Valor Ents LLC · 6 yrs held
Valor Ents LLC
since 2019
7 recorded transactions
Zoning & alternative use
BOB1 · 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
—
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
$1,016,490
Assessed 2023
Previous assessed
$1,016,490
+0.0% YoY
Assessed land
$263,300
Assessed improvement
$753,190
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Heating
YES
Cooling
CENTRAL
Total area
5,039 SF
Lot
0.16 ac (6,970 SF)
Zoning code
BOB1
APN
2900-79-8185-000
UPID
US53-2660396
Jurisdiction
WATAUGA
Zoning & alternative use
BOB1 · Boone, NC
Zoning BOB1 · permitted uses
BOB1 · 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
1940
Heating
YES
Cooling
Yes
Lot
0.16 ac
Current owner
From public records · entity-resolved
Valor Ents LLC
Entity
Free & Clear · 6 yrs held
Mailing address
215 BOONE HTS DR STE #100, BOONE, NC 28607-5484
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
—
Wilcox & Wright LLC
—
Deed
related
$6,400,000 · Mountain Cmnty Bk
Dec 17, 2019
—
Valor Ents LLC
Valor Ents LLC
Quit Claim Deed
related
—
May 15, 2008
—
Wilcox & Wright 179 Howard LLC
Wilcox,c Kenneth & Geraldine
Quit Claim Deed
$960,000 · Highlands Union Bank
Jan 11, 2008
—
Town Of Boone
Balestrieri Dev LLC
Grant Deed
related
—
Jun 6, 2007
$850,000
Balestrieri Dev LLC
Wilcox & Wright LLC
Warranty Deed
related
$650,000 · Logan Asset Backed Fund LP
—
—
Wilcox & Wright LLC
—
Loan Modification
related
$6,400,000 · Mountain Cmnty Bk
—
—
Wilcox & Wright 179 Howard LLC
—
Loan Modification
related
$898,414 · Highlands Union 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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