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    Property profile & analytics

    1016 Is Rd Harkers Island, NC 28531-9651

    • Grocery and convenience stores
    • 6,090 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Last Sale
    Jan 17, 2024
    $600,000
    Location Intelligence
    Property ID
    US53-2564969
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Billy's / Grocery Store / Supermarket

    Property Details for 1016 Is Rd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    6,090 SF
    Property type
    Grocery and convenience stores
    APN
    7335.14.32.7688000
    APU
    733514327688000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $550,000
      6.5%
      $565,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $640,000
      Mixed-Use
      $650,000
      Hospitality
      $670,000
      Educational
      $675,000
      Residential Income
      $575,000
      Energy
      $500,000
      Income-Based Land
      $545,000
      Food Service
      $590,000

    Location Insight

    • Map
    • Local Demand
    City
    Harkers Island
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.5583
    Latitude
    34.6944
    CBSA code
    33980
    CBSA name
    MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,734
    $188,328
    $166,648
    $354,976
    -
    $188,328
    $166,648
    $354,976

    Comparable in this City

    • Value Estimation
      $625,000
      996 SF

      1698 Is Rd

      RETAIL STORES (PERSONAL SERVICES) • 996 SF
      1698 Is Rd, Harkers Island, NC 28531
      View Details
    • Value Estimation
      $510,000
      2,760 SF

      600 Cpe Lookout Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      600 Cpe Lookout Dr, Harkers Island, NC 28531-1500
      View Details
    • Value Estimation
      $380,000
      10,040 SF

      372 Cpe Lookout Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,040 SF
      372 Cpe Lookout Dr, Harkers Island, NC 28531-9615
      View Details
    • Value Estimation
      $315,000
      576 SF

      834 Is Rd

      BARBER, HAIR SALON • 576 SF
      834 Is Rd, Harkers Island, NC 28531
      View Details
    • Value Estimation
      $610,000
      2,160 SF

      1390 Is Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      1390 Is Rd, Harkers Island, NC 28531-9658
      View Details
    • Value Estimation
      $570,000
      2,055 SF

      1002 Is Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,055 SF
      1002 Is Rd, Harkers Island, NC 28531
      View Details

    Similar Nearby for Sale

    • $200,000
      0.28 Acres

      Harkers Island Water View Lot

      Water view lot on Harkers Island near restaurants and marina.
      976 Island Rd, Harkers Island, NC 28531
      View Details
    • $310,000
      1.29 Acres

      Harkers Island Land Opportunity

      1.3 acre lot near Cape Lookout National Seashore.
      177 Huntley Rd, Harkers Island, NC 28531
      View Details
    • New
      $210,000
      0.47 Acres

      Harkers Island Land For Sale

      Cleared land with utilities ready for building your dream vacation home.
      108 Clara Xrd, Harkers Island, NC 28531
      View Details
    • $380,000
      0.40 Acres

      Harkers Island Land with Views

      Two Harkers Island parcels totaling 0.402 acres with water views.
      908 Island Rd, Harkers Island, NC 28531
      View Details
    • New
      $125,000
      0.63 Acres

      Harkers Island Wooded Lot

      Wooded 0.63 acre lot near marina and waterfront.
      Lt27 Diamond City Dr, Harkers Island, NC 28531
      View Details
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    Harkers Island, NC 28531-9651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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