New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,245,000
Medical Office Space
194 Doctors Dr, Boone, NC 28607-5000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2785957
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Total area
12,732 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BOOI
APN
2910-71-0489-000
UPID
US53-2785957
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
-
AppPulmonology Medical Clinic
-
Donald Graham, MD Physician
-
AppInternal Medicine Medical Clinic
-
Mark Harter, MD Physician
-
Monroe Anna G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Drdh LLC · 4 yrs held
Drdh LLC
since 2021
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
BOOI · Boone, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+97.1%
Industrial (general)
$5.6M
+71.8%
Apartment house (5+ units)
$5.4M
+66.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,255,000
Current use
AUTO REPAIR, GARAGE
$6,420,000
Change: +97% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,595,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,415,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$3,670,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$3,150,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,015,000
Change: -7% · Conversion: Easy
RESTAURANT
$2,795,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $3.39M (Oct 18 2021)
Last sale anchor
$3.39M
Oct 18 2021
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
$333 / 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
$3,053,670
Assessed 2023
Previous assessed
$3,053,670
+0.0% YoY
Assessed land
$732,400
Assessed improvement
$2,321,270
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
CENTRAL
Total area
12,732 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BOOI
APN
2910-71-0489-000
UPID
US53-2785957
Jurisdiction
WATAUGA
Zoning & alternative use
BOOI · Boone, NC
Zoning BOOI · permitted uses
BOOI · 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
MEDICAL BUILDING Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1975
Heating
CENTRAL
Cooling
Yes
Lot
0.95 ac
Current owner
From public records · entity-resolved
Drdh LLC
Entity
Mailing address
301 WILLOW RD, BELLINGHAM, WA 98225-7838
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
$3,390,000
Drdh LLC
Davidson Mba LLC
Special Warranty Deed
$2,542,500 · First Bank
Oct 18, 2021
—
Drdh LLC
Davidson Mba LLC
Quit Claim Deed
related
—
Oct 7, 2020
$1,800,000
440 Crest View LLC
Hwkf LLC
Warranty Deed
$1,452,000 · First 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 194 Doctors Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
