New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Drive through restaurants
1003 Spence Ave, Goldsboro, NC 27534-4271
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4940400
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2013
Construction
STEEL FRAME
Total area
7,089 SF
Lot
1.85 ac (80,586 SF)
Zoning code
SC
APN
3519374394
UPID
US53-4940400
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
Current use
Occupant on record · Public records
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Chesapeake Land Development LLC · 5 yrs held
Chesapeake Land Development LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
SC · Goldsboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Goldsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goldsboro 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
$2,910,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $2.89M (Aug 28 2020)
Last sale anchor
$2.89M
Aug 28 2020
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
$408 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,142
Tax year 2023
Assessed value
$1,911,180
Assessed 2024
Previous assessed
$1,911,180
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$780,000
Assessed improvement
$1,131,180
Land market value
$780,000
Improvement market value
$1,131,180
Total market value
$1,911,180
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
7,089 SF
Lot
1.85 ac (80,586 SF)
Zoning code
SC
APN
3519374394
UPID
US53-4940400
Jurisdiction
WAYNE
Zoning & alternative use
SC · Goldsboro, NC
Zoning SC · permitted uses
SC · Goldsboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goldsboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Chesapeake Land Development LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5700 6TH AVE, ALTOONA, PA 16602-1111
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
Aug 28, 2020
$2,885,000
Chesapeake Land Development LLC
Cnlv Shzgoldnc LLC
Special Warranty Deed
—
Sep 30, 2019
—
Cnlv Shzgoldnc LLC
—
Deed
related
$100,000,000 · Santander Bank NA
Aug 16, 2016
—
Cnlv Shzgoldnc LLC
—
Deed
related
$61,480,000 · Wells Fargo Bank NA
Oct 14, 2013
$2,475,000
Cpi Goldsboro I LLC
Spence Ave Investors LLC
Special Warranty Deed
—
May 2, 2012
$550,000
Spence Ave Investors LLC
Pnc Bank National Association
Special Warranty Deed
—
Oct 20, 2011
$522,390
Rbc Bank
2005 Hambone Dog Properties LLC
Trustees Deed
related
—
Aug 31, 2005
$132,000
Hambone Dog Properties LLC
Erwin Investment Properties LLC
Warranty Deed
$3,670,000 · Rbc Bank USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1003 Spence Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
