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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Hotels
671 Main St, Blowing Rock, NC 28605-6159
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-2752356
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Total area
1,295 SF
Lot
1.12 ac (48,613 SF)
Zoning code
BR-CB
APN
2817-08-3118-000
UPID
US53-2752356
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$560k
Owner & transaction history
Wtp Enterprises LLC · 7 yrs held
Wtp Enterprises LLC
since 2019
3 recorded transactions
Zoning & alternative use
BR-CB · Blowing Rock, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$655,000
+22.3%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$535,000
Current use
AUTO REPAIR, GARAGE
$655,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$432 / 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
$1,528,000
Assessed 2023
Previous assessed
$1,528,000
+0.0% YoY
Assessed land
$509,300
Assessed improvement
$1,018,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1996
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Units
7
Rooms
3
Bathrooms
1
Total area
1,295 SF
Lot
1.12 ac (48,613 SF)
Zoning code
BR-CB
APN
2817-08-3118-000
UPID
US53-2752356
Jurisdiction
WATAUGA
Zoning & alternative use
BR-CB · Blowing Rock, NC
Zoning BR-CB · permitted uses
BR-CB · 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
HOTEL/MOTEL Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$445,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1996
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Units
7
Rooms
3
Bathrooms
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Wtp Enterprises LLC
Entity
Mailing address
PO BOX 1509, BLOWING ROCK, NC 28605-1509
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2019
$1,150,000
Wtp Enterprises LLC
Phillip R Pickett
Warranty Deed
$1,145,000 · First Home Bank
Feb 15, 2019
—
Philma Corp
—
Deed
related
$150,000 · First Citizens Bk
—
—
Philma Corp
—
Deed Of Trust
related
$150,000 · First Citizens Bk
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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