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    Property profile & analytics

    220 Blowing Rock Blvd, Unit A Lenoir, NC 28645-4404

    • Turn key restaurants
    • 2,135 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US53-2283857
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Waffle House / American Restaurant / Diner

    Property Details for 220 Blowing Rock Blvd

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.38 lot acres
    Property size
    2,135 SF
    Property type
    Turn key restaurants
    APN
    09119 1 10A
    APU
    09119110A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $245,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $215,000
      Mixed-Use
      $255,000
      Hospitality
      $270,000
      Educational
      $250,000
      Residential Income
      $270,000
      Energy
      $235,000
      Income-Based Land
      $225,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.524
    Latitude
    35.9173
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $280,000
    $254,700
    $534,700
    -
    $280,000
    $254,700
    $534,700

    Comparable in this City

    • Value Estimation by Request
      5,652 SF

      975 Blowing Rock Blvd

      RESTAURANT • 5,652 SF
      975 Blowing Rock Blvd, Lenoir, NC 28645-3711
      View Details
    • Value Estimation
      $260,000
      1,516 SF

      1998 Connelly Spgs Rd

      RESTAURANT • 1,516 SF
      1998 Connelly Spgs Rd, Lenoir, NC 28645-7829
      View Details
    • Value Estimation
      $265,000
      2,839 SF

      1112 Morganton SW Blvd

      RESTAURANT • 2,839 SF
      1112 Morganton SW Blvd, Lenoir, NC 28645-5502
      View Details
    • Value Estimation
      $285,000
      1,888 SF

      714 Morganton SW Blvd

      RESTAURANT • 1,888 SF
      714 Morganton SW Blvd, Lenoir, NC 28645-5825
      View Details
    • Value Estimation by Request
      3,255 SF

      1871 Norwood SW St

      RESTAURANT • 3,255 SF
      1871 Norwood SW St, Lenoir, NC 28645-6430
      View Details
    • Value Estimation
      $75,000
      2,187 SF

      2441 Norwood SW St

      RESTAURANT • 2,187 SF
      2441 Norwood SW St, Lenoir, NC 28645-8924
      View Details

    Similar Nearby for Sale

    • $274,900
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      Turnkey Restaurant Property in Lenoir

      Fully equipped commercial property ready for immediate food service use.
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      Spacious office building, great location, ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
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      North Hill Plaza: Retail Opportunity

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    • $5,056 /Mo
      6,200 SF

      Industrial Building with Spray Booth

      6,741 SF industrial building with turnkey auto body potential.
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    • $1,800 /Mo
      4,000 SF

      Versatile Church or Retail Space

      4,000 SF church or retail/office space for lease.
      1636 Norwood St SW, Lenoir, NC 28645
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    • Contact for pricing
      17,328 SF

      Lenoir Retail Space - 1,325 SF

      Prime Lenoir retail space, strong co-tenancy.
      1009 Blowing Rock Blvd, Lenoir, NC 28645
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    • $12 SF/Yr
      9,425 SF

      Lenoir Retail Center - 9,425 SF

      Prime Lenoir retail space, fully vacant, 6.39 acres.
      2120 Morganton Blvd, Lenoir, NC 28645
      View Details
    • $4 SF/Yr
      492,000 SF

      Lenoir, NC Industrial Warehouse Space

      Large warehouse, divisible spaces available.
      840 Complex St, Lenoir, NC 28645
      View Details
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    Lenoir, NC 28645-4404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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