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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office Spaces
385 King St Sta A Boone, NC 28607
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2748167
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
1,302 SF
Zoning code
BOB1
APN
2900-79-4939-001
UPID
US53-2748167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$645k
Owner & transaction history
Snooks Properties LLC · 4 yrs held
Snooks Properties LLC
since 2022
Last sale
$425,000
6 recorded transactions
Zoning & alternative use
BOB1 · Boone, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$940,000
+44.7%
Retail stores
$810,000
+24.6%
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
Method
Estimation
Statistic approach
$800,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: +45% · Conversion: Easy
RETAIL STORES
$810,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $425k (Jan 21 2022)
Last sale anchor
$425k
Jan 21 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
$495 / 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
Property tax & assessments
Assessed value
$479,300
Assessed 2023
Previous assessed
$479,300
+0.0% YoY
Assessed land
$50,000
Assessed improvement
$429,300
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,302 SF
Zoning code
BOB1
APN
2900-79-4939-001
UPID
US53-2748167
Jurisdiction
WATAUGA
Zoning & alternative use
BOB1 · Boone, NCZoning BOB1 · permitted uses
BOB1 · Boone, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$940,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Snooks Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10851 SIKES PL, CHARLOTTE, NC 28277-8118
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Snoolcs Properties LLC
—
Deed
related
$1,130,000 · Pinnacle Bank
Jan 21, 2022
$425,000
Snooks Properties LLC
Boone Area Chamber Of Commerce INC
Special Warranty Deed
—
May 18, 2011
$336,000
Boone Area Chamber Of Commerce In
First Citizens Bk & Trust Co
Grant Deed
—
May 4, 2011
$336,000
Boone Area Chamber Of Commerce
First Citizens Bank Trust Co
Grant Deed
—
Apr 11, 2011
$336,000
First Citizens Bk & Trust Co
Waslaw LLC
Trustees Deed
related
—
Apr 7, 2011
$336,000
First Citizens Bank Trust Co
Professional Property Holdings LLC
Grant Deed
related
—
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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