Property profile

314 Blowing Rock Blvd Lenoir, NC 28645

OFF-MARKET
Turn key restaurants
Property ID
US53-1201923
8,893 SF 1.09 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,893 SF
Lot 1.09 ac (47,480 SF)
APN 09119 1 6
UPID US53-1201923

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Restaurant

Location

314 Blowing Rock Blvd Lenoir, NC 28645-4406
Lenoir metro Census 30500 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$860k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$855k

Owner & transaction history

since 2022
Last sale
$1.0M
7 recorded transactions
2022
$1.0M
2022
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.3M +72.2%
Office building $920,000 +25.0%
Commercial (general) $770,000 +4.1%

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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