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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
551 Chetola Lk Dr Blowing Rock, NC 28605-6038
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2486024
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Total area
1,945 SF
Lot
0.38 ac (16,553 SF)
Zoning code
BR-R6
APN
2818-00-6135-000
UPID
US53-2486024
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$545k
Owner & transaction history
Chetola Bedrock LLC · 2 yrs held
Chetola Bedrock LLC
since 2024
2 recorded transactions
Zoning & alternative use
BR-R6 · Blowing Rock, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$765,000
+94.1%
Warehouse, storage
$670,000
+69.7%
Office building
$635,000
+60.3%
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 Blowing Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blowing Rock 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
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$395,000
Current use
RETAIL STORES
$765,000
Change: +94% · Conversion: Easy
WAREHOUSE, STORAGE
$670,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$545,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$525,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$280 / 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
$1,882,910
Assessed 2023
Previous assessed
$1,882,910
+0.0% YoY
Assessed land
$511,900
Assessed improvement
$1,371,010
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Total area
1,945 SF
Lot
0.38 ac (16,553 SF)
Zoning code
BR-R6
APN
2818-00-6135-000
UPID
US53-2486024
Jurisdiction
WATAUGA
Zoning & alternative use
BR-R6 · Blowing Rock, NC
Zoning BR-R6 · permitted uses
BR-R6 · Blowing Rock, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blowing Rock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$395,000
RETAIL STORES
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$670,000
OFFICE BUILDING
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$545,000
MEDICAL BUILDING
Est. value
$525,000
RESTAURANT Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1983
Heating
CENTRAL
Cooling
Yes
Lot
0.38 ac
Current owner
From public records · entity-resolved
Chetola Bedrock LLC
Entity
Mailing address
PO BOX 17, BLOWING ROCK, NC 28605-0017
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Chetola Bedrock LLC
—
Deed
related
$3,093,600 · Business Loan Capital INC
Nov 30, 2010
—
Rsk Mountain Resort LLC
—
Loan Modification
related
$6,018,000 · Rbc Bank (usa)
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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