Property profile

374 Industrial Park Dr Boone, NC 28607

OFF-MARKET
Other warehouses
Property ID
US53-2881602
650 SF 4.01 ac lot Built 1994
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in Watauga County Industrial Park and consists of a 45,538-square-foot pre-engineered metal building on a 5.01-acre lot. The building was constructed in two phases, around 1994 and 2001, and historically functioned as the corporate headquarters and distribution center for Cheap Joe's Art Stuff, Inc. The interior configuration includes a large office suite, production and manufacturing areas, an open warehouse area, retail space, a conference area, and a loading dock. Exterior features include approximately 65 marked parking spaces, with additional unmarked parking available in a back lot, and the majority of the site is level with additional space that could support further parking and/or building expansion. The property is zoned M-1, Light Industrial, by the Town of Boone, allowing a range of permissible uses under that zoning classification.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Total area 650 SF
Lot 4.01 ac (174,676 SF)
Zoning code BOM1
APN 2920-09-3743-000
UPID US53-2881602

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
  • (Bike/Boat/Book/etc) Store
  • Art Gallery

Location

374 Industrial Park Dr Boone, NC 28607-3977
Boone metro Census 920400 BOONE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2024
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2021
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BOM1 · Boone, NC

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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