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Property profile & analytics
FOR SALE
Warehouses
374 Industrial Park Dr, Boone, NC 28607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2881602
For Sale
1 / 42
$4,400,000
374 Industrial Park Dr, Boone, NC 28607
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cheap Joe's Art Stuff (Bike/Boat/Book/etc) Store
-
Artist Palette Productions Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jodeb LLC · 2 yrs held
Jodeb LLC
since 2024
7 recorded transactions
Zoning & alternative use
BOM1 · Boone, 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 Boone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boone 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$2,640,800
Assessed 2023
Previous assessed
$2,640,800
+0.0% YoY
Assessed land
$439,100
Assessed improvement
$2,201,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1994
Heating
YES
Cooling
CENTRAL
Buildings
2
Units
1
Total area
650 SF
Lot
4.01 ac (174,676 SF)
Zoning code
BOM1
APN
2920-09-3743-000
UPID
US53-2881602
Jurisdiction
WATAUGA
Zoning & alternative use
BOM1 · Boone, NC
Zoning BOM1 · permitted uses
BOM1 · Boone, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boone. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Buildings
2
Units
1
Lot
4.01 ac
Current owner
From public records · entity-resolved
Jodeb LLC
Entity
Mailing address
266 RIV CRK LN, TODD, NC 28684-9784
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Jodeb LLC
—
Deed
related
$1,300,000 · Lifestore Bank
Apr 2, 2024
—
Jodeb LLC
Joseph C Miller II
Warranty Deed
—
Feb 22, 2024
—
Joseph C Miller II
Joseph C Miller II
Intrafamily Transfer
related
—
Feb 17, 2021
—
Joseph C Miller
—
Deed
related
$862,263 · First Citizens Bank & Trust Co
Oct 17, 2018
—
Joseph C Miller
—
Deed
related
$500,000 · First Citizens Bank & Trust Co
—
—
Joseph C Miller SR.
—
Deed Of Trust
related
$450,000 · Lifestore Bank
—
—
Joseph C Miller
—
Deed Of Trust
related
$600,000 · First Citizens Bk
—
—
Joseph C Miller
—
Deed Of Trust
related
$530,000 · First Citizens Bank
—
—
Joseph C Miller
—
Deed Of Trust
related
$435,000 · First Citizens Bank
—
—
Joseph C Miller
—
Deed Of Trust
related
$450,000 · First Citizens Bank
—
—
Joseph C Miller SR.
—
Deed Of Trust
related
$400,000 · Lifestore Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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