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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Banks
330 Main E St Banner Elk, NC 28604-8973
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2503741
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1986
Construction
CONCRETE BLOCKS
Total area
3,924 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C1P
APN
18591830486100000
UPID
US53-2503741
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
-
Town Tavern of Banner Elk Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Town Tavern Of Banner Elk Holdings · 3 yrs held
Town Tavern Of Banner Elk Holdings
since 2022
Last sale
$799,000
4 recorded transactions
Zoning & alternative use
C1P · Banner Elk, 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 Banner Elk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banner Elk 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
$645,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $799k (Dec 12 2022)
Last sale anchor
$799k
Dec 12 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
$180 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,461
Tax year 2023
Assessed value
$615,200
Assessed 2023
Previous assessed
$615,200
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$297,900
Assessed improvement
$317,300
Land market value
$297,900
Improvement market value
$317,300
Total market value
$615,200
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,924 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C1P
APN
18591830486100000
UPID
US53-2503741
Jurisdiction
AVERY
Zoning & alternative use
C1P · Banner Elk, NC
Zoning C1P · permitted uses
C1P · Banner Elk, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banner Elk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$535,000
MEDICAL BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$440,000
WAREHOUSE, STORAGE
Est. value
$425,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Town Tavern Of Banner Elk Holdings
Entity
Free & Clear · 3 yrs held
Mailing address
245 FIRE PINK RD, BOONE, NC 28607-3778
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Town Tavern Of Banner Elk Holdings
—
Deed
related
$500,000 · Truist Bank
Apr 10, 2024
—
Town Tavern Of Banner Elk Holdings
—
Deed
related
$499,999 · Truist Bank
Dec 12, 2022
$799,000
Town Tavern Of Banner Elk Holdings
Excalibur Investment Group LLC
Special Warranty Deed
—
Sep 21, 2018
$300,000
Excalibur Investment Group LLC
Bank Of America NA
Grant Deed
—
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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