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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
10 Cswy Dr Ocean Isle Beach, NC 28469-7504
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2056577
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
2,374 SF
Zoning code
C2
APN
257DH008
UPID
US53-2056577
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
by Request
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$590k
Owner & transaction history
Jessie & Myers Construction · 6 yrs held
Jessie & Myers Construction
since 2020
7 recorded transactions
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$580,000
+28.2%
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 Ocean Isle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Isle Beach 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
by Request
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$455,000
Current use
RETAIL STORES
$580,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$410,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$385,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$249 / 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
$647,540
Assessed 2023
Previous assessed
$398,780
+62.4% YoY
Assessed land
$348,500
Assessed improvement
$299,040
Land market value
$348,500
Improvement market value
$299,040
Total market value
$647,540
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2004
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
2,374 SF
Zoning code
C2
APN
257DH008
UPID
US53-2056577
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Zoning C2 · permitted uses
C2 · Ocean Isle Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Isle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$455,000
RETAIL STORES
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$410,000
WAREHOUSE, STORAGE
Est. value
$385,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
2
Current owner
From public records · entity-resolved
Jessie & Myers Construction
Individual
Mailing address
4625 COUNTRY CLB RD, WINSTON SALEM, NC 27104-3519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jan 23, 2020
—
Jessie & Myers Construction
James P JR
Quit Claim Deed
related
—
Feb 8, 2019
—
Jessie & Myers Construction Co
—
Deed
related
$707,875 · First Bk
Jun 15, 2018
$115,000
Jessie & Myers Construction Co
Deal Samuel B Trust
Warranty Deed
$86,250 · First Bk
Nov 21, 2016
—
10 Causeway LLC
Jessie & Myers Construction Co
Warranty Deed
—
Sep 30, 2016
$660,000
10 Causeway LLC
Jessie & Myers Construction Co
Warranty Deed
$655,870 · Yadkin Bank
—
—
Jessie & Myers Construction Co
—
Deed Of Trust
related
$707,875 · First Bk
—
—
Jessie & Myers Construction Co
—
Deed Of Trust
related
$500,000 · Rbc Centura 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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