144 Poplar Grove RdBoone, NC 28607

Property Details for 144 Poplar Grove Rd

Year built

2020

Lot size

2.75 AC

Property size (Sq ft)

7,083 SF

Zone code

BOB1

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

2900-79-1695-000

APU

2900791695000

Description

Rivers Walk offers exceptional Class A office space in Boone, North Carolina. This 2020-built mixed-use development is ideally situated near downtown Boone and Appalachian State University, providing convenient access to amenities and a vibrant community. The property features six suites, with the largest contiguous space totaling 3,097 square feet, and smaller suites perfect for entrepreneurial ventures ranging from 599 to 846 square feet. The building is served by New River Light & Power and includes elevators for easy access. Parking is available for commercial tenants, with options including an internal parking deck or surface parking, at the landlord's discretion. The property is zoned B-3 General Business (APN 2900-79-1695-000) and located at 144 Poplar Grove Rd, Boone, NC 28607, with a cross street of Water Street. Leases are available on a triple net basis. The building's diverse suite sizes cater to a variety of business needs, making it an excellent choice for companies seeking a modern and convenient location in a thriving area. This property offers a unique opportunity to establish a presence in a dynamic and growing community. The building's modern design and convenient location make it an attractive option for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,052,186

  6.5%

  $1,894,326

  7%

  $1,759,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,859,125

  Geo Method

  $1,859,125

• Alternative Use

  Use

  Valuation

  Residential

  $1,894,326

  Hospitality

  $1,735,192

  Educational

  $1,443,660

  Medical

  $1,493,309

  Retail

  $2,245,693

Location Insight

City

Boone

County

Watauga

State

North Carolina

Latitude

36.2197

Longitude

-81.6878

CBSA code

14380

CBSA name

BOONE, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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