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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Office buildings
584 State Farm Rd, Boone, NC 28607-4721
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2697273
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
8,843 SF
Lot
0.22 ac (9,583 SF)
Zoning code
BOR3
APN
2910-44-8269-000
UPID
US53-2697273
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
-
Boone Coworking Coworking & Hybrid Office
-
McElwee Law Firm Law Firm
-
SERVPRO of Watauga and Ashe Counties Hardware & Home Improvement Construction Company
-
RYS Interior Consulting Interior Design Home Decor Store
-
Home Bound Moving & Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.99M
Owner & transaction history
Jeff Templeton Rentals LLC · 8 yrs held
Jeff Templeton Rentals LLC
since 2018
5 recorded transactions
Zoning & alternative use
BOR3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$224 / 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
$1,843,040
Assessed 2023
Previous assessed
$1,843,040
+0.0% YoY
Assessed land
$500,000
Assessed improvement
$1,343,040
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,843 SF
Lot
0.22 ac (9,583 SF)
Zoning code
BOR3
APN
2910-44-8269-000
UPID
US53-2697273
Jurisdiction
WATAUGA
Zoning & alternative use
BOR3 · Boone, NC
Zoning BOR3 · permitted uses
BOR3 · 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
2008
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Jeff Templeton Rentals LLC
Entity
Mailing address
PO BOX 2630, BOONE, NC 28607-2630
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Jeff Templeton Rentals LLC
—
Deed
related
$2,000,000 · Wells Fargo Bank NA
Aug 1, 2018
—
Jeff Templeton Rentals LLC
—
Deed
related
$750,000 · Great State Bank
May 30, 2018
$900,000
Jeff Templeton Rentals LLC
Southern Finl Grp LLC
Grant Deed
—
Aug 22, 2016
$1,500,000
Southern Financial Group LLC
Edmonds James M|downtown Dev Co Of Banner Elk LLC
Trustees Deed
related
—
Aug 25, 2005
$699,000
Downtown Dev Co Of Banner Elk LLC
Glen Wilde LLC
Warranty Deed
related
$3,000,000 · Branch Banking & 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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