Financial
Distress signals
Property profile

1875 N 20Th St Morehead City, NC 28557

FOR SALE
Office buildings
Property ID
US53-3151940
3,648 SF 6.17 ac lot Built 1978
Last sale Dec 2024 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a warehouse facility totaling 3,820 square feet, located in Morehead City, North Carolina. It is configured for warehouse and industrial use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$484k
Assessed land$271k
Assessed improvement$212k

Value estimate

· Sep 2026
$525k
$473k – $578k
AI approach$525k
Submarket $/SF estimate$543k
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$8k
Operating expenses−$44k
NOI · 8.30% cap applied$82k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$156/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$97 – $253
Qualifying comparables5

Cap rate analysis

How does the asset earn?
8.30%
$82k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCARTERET

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.3
Wholesale Shop8.8
Storage Facility8.5

Location

1875 N 20Th St Morehead City, NC 28557
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3701 John Platt, Morehead City, NC 28557-4372 $1,027,000 Dec 2025 4,068 SF
210 Hwy 24, Morehead City, NC 28557-2581 $1,700,000 Dec 2025 4,014 SF
1305 Arendell, Morehead City, NC 28557-4131 $555,000 Dec 2024 3,717 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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