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Property profile & analytics
OFF-MARKET
Estimated value
$11,890,000
Assisted living facilities
211 Milton Brown Heirs Rd Boone, NC 28607-8708
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2677293
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Total area
51,722 SF
Lot
8.58 ac (373,745 SF)
Zoning code
BORA
APN
2829-37-5354-000
UPID
US53-2677293
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
-
Lisa Reynolds, LPTA Physician
-
Dr. Charles Baker Pediatrician Physician
-
Glenbridge Health and Rehabilitation Nursing Home
-
Camile Andrews Physician
-
Camile Marsh Andrews Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.89M
Owner & transaction history
211 Milton Brown Heirs Rd LLC · 3 yrs held
211 Milton Brown Heirs Rd LLC
since 2022
Last sale
$11.3M
2 recorded transactions
Zoning & alternative use
BORA · 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
Method
Estimation
Statistic approach
by Request
ML approach
$13,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,910,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$13,230,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,790,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,255,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.89M
Range $10.70M – $13.08M · ±10% · vs last sale $11.25M (Dec 2 2022)
Last sale anchor
$11.25M
Dec 2 2022
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
$230 / 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
$5,512,640
Assessed 2023
Previous assessed
$5,512,640
+0.0% YoY
Assessed land
$366,800
Assessed improvement
$5,145,840
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
CENTRAL
Units
84
Total area
51,722 SF
Lot
8.58 ac (373,745 SF)
Zoning code
BORA
APN
2829-37-5354-000
UPID
US53-2677293
Jurisdiction
WATAUGA
Zoning & alternative use
BORA · Boone, NCZoning BORA · permitted uses
BORA · Boone, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$14.9M
MEDICAL BUILDING
Est. value
$13.2M
WAREHOUSE, STORAGE
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.3M
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
2001
Heating
YES
Cooling
Yes
Units
84
Lot
8.58 ac
Current owner
From public records · entity-resolved
211 Milton Brown Heirs Rd LLC
Entity
Mailing address
8 MELISSA LEE DR, JACKSON, NJ 08527-5151
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
$11,250,000
211 Milton Brown Heirs Rd LLC
Lynnhaven II LLC
Special Warranty Deed
$10,900,000 · Dmt Spe I LLC
—
—
Lynnhaven II LLC
—
Deed Of Trust
related
$390,947 · Bank Of The Carolinas
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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