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    Property profile & analytics

    9311 Nc Hwy 105th S Banner Elk, NC 28604-6628

    • Apartment buildings
    • 735 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US53-2589751
    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 9311 Nc Hwy 105th S

    Year built
    1998
    Construction
    FRAME
    Lot size
    0.67 lot acres
    Property size
    735 SF
    Zone code
    FC-H
    Property type
    Apartment buildings
    APN
    1878-97-8197-000
    APU
    1878978197000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $440,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $465,000
      Mixed-Use
      $435,000
      Hospitality
      $390,000
      Educational
      $445,000
      Residential Income
      $460,000
      Energy
      $445,000
      Income-Based Land
      $400,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Banner Elk
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.7778
    Latitude
    36.1562
    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
    $76,800
    $600,800
    $677,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,040 SF

      9392 Nc Hwy 105th S

      APARTMENT HOUSE (5+ UNITS) • 2,040 SF
      9392 Nc Hwy 105th S, Banner Elk, NC 28604-6630
      View Details
    • Value Estimation by Request
      440 SF

      100 Hornbeam Rd

      APARTMENT HOUSE (5+ UNITS) • 440 SF
      100 Hornbeam Rd, Beech Mountain, NC 28604-8105
      View Details
    • Value Estimation by Request
      4,281 SF

      9115 Nc Hwy 105th S

      APARTMENT HOUSE (5+ UNITS) • 4,281 SF
      9115 Nc Hwy 105th S, Banner Elk, NC 28604-8903
      View Details
    • Value Estimation
      $490,000
      2,652 SF

      10894 Nc Hwy 105th S

      APARTMENT HOUSE (5+ UNITS) • 2,652 SF
      10894 Nc Hwy 105th S, Banner Elk, NC 28604-8658
      View Details
    • Value Estimation
      $450,000
      126 SF

      143 Pond Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 126 SF
      143 Pond Crk Rd, Banner Elk, NC 28604
      View Details
    • Value Estimation
      $360,000
      2,882 SF

      1064 Shawneehaw Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,882 SF
      1064 Shawneehaw Ave, Banner Elk, NC 28604
      View Details

    Similar Nearby for Sale

    • New
      $599,000
      0.69 Acres

      Mixed-Use Building with Apartment Income

      Large mixed-use property with retail space and apartment rentals.
      10545 Nc Highway 105, Banner Elk, NC 28604
      View Details
    • New
      $599,000
      0.69 Acres

      Mixed-Use Building with Rental Income

      Commercial building with retail space and apartment rental income.
      10545 Nc Hwy 105 Hwy S, Banner Elk, NC 28604
      View Details
    • $216,000
      988 SF

      Furnished Condo with Mountain Views

      Fully furnished 2-bedroom condo with ski slope views and resort amenities.
      301 Pinnacle Inn Rd, Beech Mountain, NC 28604
      View Details
    • New
      $1,175,000
      0.48 Acres

      Banner Elk Multi-Family Investment Opportunity

      Four rentable units with income potential near Beech Mountain.
      226 Beech Haven Rd, Banner Elk, NC 28604
      View Details
    • $599,000
      0.14 Acres

      Charming Duplex on Beech Mountain

      Cozy, updated duplex near ski resort, ideal for rental.
      109 Beechwood Ln, Beech Mountain, NC 28604
      View Details
    • $449,000
      0.61 Acres

      Beech Mountain Multifamily Investment Opportunity

      Two renovated units near Ski Beech with vacation rental potential.
      104 Hornbeam Rd, Beech Mountain, NC 28604
      View Details
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    Banner Elk, NC 28604-6628
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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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