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Property profile & analytics
OFF-MARKET
Estimated value
$400,000
Warehouses
727 Main E St Banner Elk, NC 28604
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-3748598
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
CONCRETE BLOCKS
Total area
18,175 SF
Lot
2 ac (87,120 SF)
Zoning code
C1P
APN
18591951389700000
UPID
US53-3748598
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
-
Banner Elk Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$400k
Owner & transaction history
Ethan Anderson · 7 yrs held
Ethan Anderson
since 2019
5 recorded transactions
Zoning & alternative use
C1P · Banner Elk, NC
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 Banner Elk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banner Elk 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
$400k
Range $360k – $440k · ±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
$22 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,357
Tax year 2023
Assessed value
$339,300
Assessed 2023
Previous assessed
$339,300
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$87,100
Assessed improvement
$252,200
Land market value
$87,100
Improvement market value
$252,200
Total market value
$339,300
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Total area
18,175 SF
Lot
2 ac (87,120 SF)
Zoning code
C1P
APN
18591951389700000
UPID
US53-3748598
Jurisdiction
AVERY
Zoning & alternative use
C1P · Banner Elk, NCZoning C1P · permitted uses
C1P · Banner Elk, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 152.002 SHORT TITLE.
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Ethan Anderson
Individual
Mailing address
PO BOX 555, LINVILLE, NC 28646-0555
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Banner Elk Mini Storage LLC
—
Deed
related
$843,254 · New Peoples Bank INC
May 1, 2020
—
Ethan Anderson
—
Deed Of Trust
related
$25,000 · Jane E Rowland
May 2, 2019
$160,000
Ethan Anderson
Coffey James F
Grant Deed
related
$477,600 · Highlands Union Bk
Dec 21, 2009
$500,000
James F Coffey
Country Gardens Grp LLC
Grant Deed
—
Oct 22, 2008
$525,000
Country Gardens Group LLC
Coffey,james F
Warranty Deed
related
$500,000 · James F Coffey
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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