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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Retail space
990 Main St Blowing Rock, NC 28605-8279
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2933502
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
1,479 SF
Lot
0.26 ac (11,151 SF)
Zoning code
BR-CB
APN
2807-98-1314-000
UPID
US53-2933502
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
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$2.19M
Owner & transaction history
990 Main LLC · 2 yrs held
990 Main LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
BR-CB · Blowing Rock, 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 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
$2,190,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.19M (Apr 29 2024)
Last sale anchor
$2.19M
Apr 29 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
$1,481 / 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
$1,574,420
Assessed 2023
Previous assessed
$1,574,420
+0.0% YoY
Assessed land
$479,500
Assessed improvement
$1,094,920
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
CENTRAL
Total area
1,479 SF
Lot
0.26 ac (11,151 SF)
Zoning code
BR-CB
APN
2807-98-1314-000
UPID
US53-2933502
Jurisdiction
WATAUGA
Zoning & alternative use
BR-CB · Blowing Rock, NCZoning 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
Source
Recommended changes
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Lot
0.26 ac
Current owner
From public records · entity-resolved
990 Main LLC
Entity
Mailing address
2626 GLENWOOD AVE STE #550, RALEIGH, NC 27608-1370
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
$2,190,000
990 Main LLC
Mountain Marketing INC
Warranty Deed
$1,360,912 · Jdb Holdings LLC
Nov 24, 2015
$1,800,000
Mountaineer Marketing INC
The Grandfather Corporation
Warranty Deed
$1,893,000 · Suntrust Bank
Sep 17, 2015
—
Johne E Stewart
Grandfather Corp
Quit Claim Deed
—
Jan 30, 2008
—
Grand Gala Ents INC
—
Trustees Deed
related
$550,000 · Blowing Rock Market INC
—
—
Mountaineer,marketing INC
—
Deed Of Trust
related
$300,000 · Gala Grand
—
—
The,grandfather Corp
—
Deed Of Trust
related
$64,200 · Betty Pitts
—
—
Grand Gala Ents INC
—
Deed Of Trust
related
$550,000 · United Community Bank
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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