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Financial
Distress signals
Property profile

5380 Hwy 70 W Morehead City, NC 28557

FOR SALE
Strip malls
Property ID
US53-2632170
23,320 SF 1.87 ac lot Built 2001
Last sale Sep 2019 · $1,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a turnkey restaurant space known as Kountry Kitchen located in a high-traffic shopping center on Highway 70 in Morehead City, within about 10 miles of Atlantic Beach. The restaurant is configured with approximately 3,861 sq ft of interior space and provides seating for up to 120 people. It has historically operated seven days a week for breakfast and lunch and is set up for restaurant use. The sale described includes restaurant equipment and inventory on hand, and it is associated with a lease requiring negotiation of a new lease agreement with the landlord.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2024$1.61M
Assessed land$645k
Assessed improvement$964k
Effective rate0.29%

Value estimate

· Oct 2026
$620k
$558k – $682k
AI approach$620k
Submarket $/SF estimate$758k
NOI build-up
Gross scheduled income$73k
Vacancy & credit loss−$6k
Operating expenses−$17k
NOI · 11.23% cap applied$51k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
11.23%
$51k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.3
Dental Office11.1
Kitchen & Bath9.8

Location

5380 Hwy 70 W Morehead City, NC 28557
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4950 Arendell, Morehead City, NC 28557-2654 $3,424,000 May 2025 29,036 SF
3011 Bridges, Morehead City, NC 28557-3531 $1,200,000 Jul 2022 16,130 SF
4050 Arendell, Morehead City, NC 28557-2977 $1,000,000 Jun 2022 19,736 SF
3025 Bridges, Morehead City, NC 28557-3381 $1,570,000 Nov 2021 15,450 SF
5317 Hwy 70th W, Morehead City, NC 28557-4509 $1,350,000 Oct 2020 17,210 SF
1700 Arendell, Morehead City, NC 28557-4040 $833,500 Jul 2020 27,240 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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