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Property profile & analytics
OFF-MARKET
Estimated value
$335,000
Warehouses
9949 Nc Hwy 105th S Banner Elk, NC 28604
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2870961
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
2,400 SF
Lot
1.71 ac (74,618 SF)
Zoning code
FC-H
APN
1878-76-2430-000
UPID
US53-2870961
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
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
Dwight C Simmons · 12 yrs held
Dwight C Simmons
since 2013
5 recorded transactions
Zoning & alternative use
FC-H · 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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$335k
Range $302k – $369k · ±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
$140 / 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
$374,600
Assessed 2023
Previous assessed
$374,600
+0.0% YoY
Assessed land
$164,200
Assessed improvement
$210,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
8
Bathrooms
4
Total area
2,400 SF
Lot
1.71 ac (74,618 SF)
Zoning code
FC-H
APN
1878-76-2430-000
UPID
US53-2870961
Jurisdiction
WATAUGA
Zoning & alternative use
FC-H · Banner Elk, NCZoning FC-H · permitted uses
FC-H · 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
1971
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
8
Bathrooms
4
Lot
1.71 ac
Current owner
From public records · entity-resolved
Dwight C Simmons
Individual
Mailing address
894 PARKCREST DR, BOONE, NC 28607-5198
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Aug 28, 2013
—
Dwight C Simmons
—
Trustees Deed
related
$46,531 · Yadkin Bank
—
—
Dwight C Simmons
—
Deed Of Trust
related
$800,000 · Yadkin Valley Bank & Trust Co
—
—
Mountain Lumber Co Of Boone-banne
—
Deed Of Trust
related
$100,000 · Yadkin Valley Bank & Trust Co
—
—
Dwight C Simmons
—
Deed Of Trust
related
$1,780,000 · Highlands Union Bk
—
—
Dwight C Simmons
—
Deed Of Trust
related
$150,000 · Highlands Union Bk
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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