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Property profile & analytics
OFF-MARKET
Estimated value
$43,700,000
Apartment buildings
686 State Farm Rd, Boone, NC 28607-3300
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2882064
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Total area
1,225 SF
Lot
2.69 ac (117,264 SF)
Zoning code
BOR3
APN
2910-53-1986-000
UPID
US53-2882064
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
-
zGlen Wilde Apartment Complex
-
African and Fine Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$43.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.70M
Owner & transaction history
Bsl Property LLC · 1 yrs held
Bsl Property LLC
since 2024
Last sale
$43.7M
7 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
$43,700,000
ML approach
$43,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$43.70M
Range $39.33M – $48.07M · ±10% · vs last sale $43.70M (Sep 19 2024)
Last sale anchor
$43.70M
Sep 19 2024
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
$35,673 / 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
$5,420,480
Assessed 2023
Previous assessed
$5,420,480
+0.0% YoY
Assessed land
$1,254,200
Assessed improvement
$4,166,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
22
Total area
1,225 SF
Lot
2.69 ac (117,264 SF)
Zoning code
BOR3
APN
2910-53-1986-000
UPID
US53-2882064
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
2011
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
22
Lot
2.69 ac
Current owner
From public records · entity-resolved
Bsl Property LLC
Entity
Mailing address
9 OLD KINGS HWY S #760, DARIEN, CT 06820-4505
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$43,700,000
Bsl Property LLC
Green Meadows Boone LLC
Special Warranty Deed
$29,100,000 · First Citizens Bank & Trust Co
Feb 22, 2023
$37,230,000
Green Meadows Boone LLC
Bvshf III Boone I LLC
Special Warranty Deed
—
Oct 8, 2021
$5,450,000
Bvshf III Boone II LLC
Glen Wilde Boone LLC
Special Warranty Deed
—
Jan 30, 2018
$4,017,000
Glen Wilde Boone LLC
Glen Wilde LLC
Special Warranty Deed
—
Mar 2, 2009
—
Howards Glen LLC
—
Trustees Deed
related
$726,000 · High Country Bank
—
—
Glen Wilde LLC
—
Deed Of Trust
related
$425,000 · High Country Bank
—
—
Glen Wilde LLC
—
Deed Of Trust
related
$3,067,000 · Bank/floyd
—
—
Glen Wilde LLC
—
Deed Of Trust
related
$3,070,000 · Yadkin Valley Bank & 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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