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    4912 Us Hwy 421st S Boone, NC 28607-7314
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    Property profile & analytics

    4912 Us Hwy 421st S Boone, NC 28607-7314

    View on Map
    • Retail space
    • 1,000 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Feb 25, 2025
    $900,000
    Property ID
    US53-2558426
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 4912 Us Hwy 421st S

    Year built
    2006
    Lot size
    0.50 lot acres
    Property size
    1,000 SF
    Property type
    Retail space
    APN
    2931-42-9687-000
    APU
    2931429687000

    Description

    This exceptional 5,397 square foot timber frame building is situated on a half-acre lot at 4912 US Hwy 421 in Boone, North Carolina. Its prime location within a rapidly growing area ensures high visibility and accessibility. The building's distinctive design, featuring a striking post and beam framework and elegant stone accents, creates an inviting and memorable presence. Currently operating as Mountain Home and Hearth, the interior boasts a spacious open-concept showroom, perfect for showcasing products or services. A well-equipped kitchen, three generously sized offices, and two full bathroom suites provide ample space for both business operations and employee comfort. A versatile second level offers additional potential for expansion or customized use. Adding to its practicality is a convenient warehouse area with easy drive-up access, ideal for storage or receiving shipments. Offered at $1,100,000, this property presents a rare opportunity to acquire a unique and highly functional commercial space in a thriving location. The blend of aesthetic appeal and practical functionality makes this an exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $980,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $975,000
      Market price range: $307k - $975k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $625,000
      Current use
      COMMERCIAL (GENERAL)
      $725,000
      Change: +16% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boone
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.5939
    Latitude
    36.2301
    CBSA code
    14380
    CBSA name
    BOONE, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $39,900
    $436,470
    $476,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      New Market Ctr

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      0 New Market Ctr, Boone, NC 28607
      View Details
    • Value Estimation
      $755,000
      6,000 SF

      277 Howard St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      277 Howard St, Boone, NC 28607-4011
      View Details
    • Value Estimation
      $2,405,000
      15,094 SF

      114 Clement St

      RETAIL STORES (PERSONAL SERVICES) • 15,094 SF
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      View Details
    • Value Estimation
      $3,745,000
      3,840 SF

      1855 Blowing Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      1855 Blowing Rock Rd, Boone, NC 28607-6149
      View Details
    • Value Estimation
      $800,000
      2,310 SF

      148 Boone Docks St

      RETAIL STORES (PERSONAL SERVICES) • 2,310 SF
      148 Boone Docks St, Boone, NC 28607-6106
      View Details
    • Value Estimation
      $1,065,000
      14,960 SF

      171 Boone Hts Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,960 SF
      171 Boone Hts Dr, Boone, NC 28607-4954
      View Details

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      Versatile Commercial Property Near Boone

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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Spaces Near Appalachian State

      Mixed-use property near downtown Boone and Appalachian State University.
      144 Poplar Grove Rd, Boone, NC 28607
      View Details
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      5,761 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces near ASU campus, student housing.
      850 Blowing Rock Rd, Boone, NC 28607
      View Details
    • Contact for pricing

      Commercial Spaces at Peak of Boone

      Mixed-use commercial spaces available for rent in Boone, NC.
      229 Nc-105 Ext, Boone, NC 28607
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      Premier Retail Destination in Boone

      Retail space available in Boone's premier shopping center.
      New Market Ctr, Boone, NC 28607
      View Details
    • Contact for pricing

      850 Blowing Rock Rd, Boone, NC 28607

      Office Units
      850 Blowing Rock Rd, Boone, NC 28607
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Boone, NC.
      New Market Ctr, Boone, NC 28607
      View Details
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    Boone, NC 28607-7314
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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