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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Manufacturing properties
482 State Farm Rd Boone, NC 28607-4715
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2481536
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
8,190 SF
Lot
6.86 ac (298,822 SF)
Zoning code
BOMZ
APN
2910-44-1501-000
UPID
US53-2481536
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
-
Blue Skies Storage Storage Facility
-
River Birch Gutter Solutions Hardware & Home Improvement General Contractor
-
Boone Home Company Furniture & Home Goods Home Decor Store
-
ECR Software Corporation. IT Consulting Firm
-
Zoey Brookshire Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Blue Skies Development INC · 1 yrs held
Blue Skies Development INC
since 2025
6 recorded transactions
Zoning & alternative use
BOMZ · 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
$249 / 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
$2,826,100
Assessed 2023
Previous assessed
$2,826,100
+0.0% YoY
Assessed land
$808,000
Assessed improvement
$2,018,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
8,190 SF
Lot
6.86 ac (298,822 SF)
Zoning code
BOMZ
APN
2910-44-1501-000
UPID
US53-2481536
Jurisdiction
WATAUGA
Zoning & alternative use
BOMZ · Boone, NC
Zoning BOMZ · permitted uses
BOMZ · 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
1965
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
6.86 ac
Current owner
From public records · entity-resolved
Blue Skies Development INC
Entity
Mailing address
482 STATE FARM RD, BOONE, NC 28607-4715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 24, 2025
—
Blue Skies Development INC
—
Deed
related
$1,750,000 · Bank Of Tennessee
Oct 22, 2020
—
Blue Skies Development INC
—
Deed
related
$750,000 · Wells Fargo Bank NA
Feb 11, 2020
—
Blue Skies Development INC
—
Deed
related
$4,950,000 · Wells Fargo Bank NA
—
—
Blue Skies Development INC
—
Deed Of Trust
related
$3,800,000 · Yadkin Bk
—
—
Blue Skies Development INC
—
Deed Of Trust
related
$100,000 · First Citizens Bank
—
—
Blue Skies Dev INC
—
Deed Of Trust
related
$2,950,000 · First Citizens Bank & Trust Co
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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