Entity Owned Property summary
This exceptional, completely renovated, three-story mixed-use building at 870 Main St, Blowing Rock, NC offers a unique investment opportunity. The 6,207 square foot property boasts a ground-floor restaurant, "The Social on Main," operating under a five-year lease (with two five-year renewal options) generating $8,500 in monthly rent, including a 3% annual rent bump. Above the restaurant are two separate residential units, each offering multiple bedrooms and marble bathrooms, ideal for… short-term rentals. The building features 11 bedrooms in total. Extensive 2024 renovations exceeding $3,500,000 include new HVAC, instant water heaters, separate utility meters, updated kitchens, and smart TVs. Each floor has a private deck. The property includes 19 parking spaces, a rare amenity in downtown Blowing Rock. The 0.26-acre lot is zoned BR-CB. Annual operating expenses are approximately $49,542.40, yielding a strong NOI of $436,458 and an 8.82% cap rate based on the $4,950,000 asking price. The building's prime location in the heart of Blowing Rock, a thriving mountain resort community, ensures high occupancy rates and strong rental demand. This property presents a compelling blend of stable restaurant income and high-potential short-term rental revenue, making it an attractive investment for discerning buyers. The property's history dates back to 1940, with the recent renovations enhancing its modern appeal. The building's features include new lighting, ceiling fans, and appliances. The property is currently 33% occupied, with occupancy commencing October 31, 2023.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,220 SF
- Lot area
- 0.26 ac
- Year built
- 1940
- APN
- 2807-98-4866-000
- Zoning
- BR-CB
- Assessed value · 2023
- $1,940,820
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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