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    Property profile & analytics

    618 Greer Ln Vilas, NC 28692-8993

    • Apartment buildings
    • 3,432 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Location Intelligence
    Property ID
    US53-2884875
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 618 Greer Ln

    Year built
    1978
    Lot size
    0.57 lot acres
    Property size
    3,432 SF
    Property type
    Apartment buildings
    APN
    1991-73-1084-000
    APU
    1991731084000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $695,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $650,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $575,000
      Mixed-Use
      $725,000
      Hospitality
      $620,000
      Educational
      $675,000
      Residential Income
      $720,000
      Energy
      $575,000
      Income-Based Land
      $695,000
      Food Service
      $695,000

    Location Insight

    • Map
    • Local Demand
    City
    Vilas
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.7219
    Latitude
    36.2286
    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
    $25,200
    $731,690
    $756,890
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $420,000
      2,400 SF

      2455 Linville Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 2,400 SF
      2455 Linville Crk Rd, Vilas, NC 28692-9620
      View Details
    • Value Estimation
      $440,000
      2,440 SF

      108 Linville Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 2,440 SF
      108 Linville Crk Rd, Vilas, NC 28692-9802
      View Details
    • Value Estimation
      $455,000
      1,832 SF

      600 Greer Ln

      APARTMENT HOUSE (5+ UNITS) • 1,832 SF
      600 Greer Ln, Vilas, NC 28692-8400
      View Details
    • Value Estimation by Request
      2,182 SF

      315 Lazy Bear Trl

      BOARDING/ROOMING HOUSE • 2,182 SF
      315 Lazy Bear Trl, Vilas, NC 28692-8457
      View Details
    • Value Estimation by Request
      0.80 Acres

      Vilas, NC 28692

      VACANT COMMERCIAL LAND • 0.80 Acres
      Vilas, NC 28692
      View Details
    • Value Estimation by Request
      972 SF

      5015 Us Hwy 421st N

      RETAIL STORES (PERSONAL SERVICES) • 972 SF
      5015 Us Hwy 421st N, Vilas, NC 28692-9671
      View Details

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    • Contact for pricing
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    618 Greer Ln
    Vilas, NC 28692-8993
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    Realmo Value Estimation

    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.

    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.

    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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