Property profile

245 Corbett Mcneil Rd Boone, NC 28607

OFF-MARKET
Other warehouses
Property ID
US53-4890849
2,304 SF 5.45 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is an equestrian estate set on 5.45 acres of gently rolling pasture and centered around a 2018 Morton Barn with supporting improvements. The barn includes concrete floors, 200-amp electrical service, and LED lighting. An equestrian wing connects to a fully fenced pasture and provides two 12' x 12' horse stalls with heavy rubber flooring, swing-out feeders, automatic waterers, and exterior Dutch doors opening directly to paddocks; a dedicated wash and tack area is located between the stalls. Other improvements include a 48' x 48' main shop and garage spaces with built-in workbenches, a 12' x 12' storage area, and a heated utility room with a laundry hookup, sink, and toilet. Vehicle and RV storage is supported by three overhead doors with automatic openers sized 10' x 10', 12' x 12', and 12' x 14', plus an exterior RV power box. Adjacent to the barn is a one-bedroom, one-bath log cabin on a concrete slab with an insulated crawl space, featuring a full kitchen with dishwasher, ample storage, two dual Mitsubishi mini-split systems for heating and air conditioning, and a covered porch. Site utilities include a well and septic system, and high-speed Spectrum internet availability is noted.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Total area 2,304 SF
Lot 5.45 ac (237,358 SF)
APN 2931-91-8379-000
UPID US53-4890849

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

245 Corbett Mcneil Rd Boone, NC 28607-6354
Boone metro Census 920701 BOONE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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