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Property profile & analytics
OFF-MARKET
Estimated value
$6,845,000
Community centers
1018 Lk Park N Blvd, Carolina Beach, NC 28428-4162
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1191179
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Construction
WOOD FRAME
Total area
46,031 SF
Lot
10.71 ac (466,528 SF)
Zoning code
HB
APN
R08814-003-011-000
UPID
US53-1191179
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
-
BenchMark Physical Therapy Medical Clinic
-
Publix Super Market Commons at Federal Point Specialty Food Shop Supermarket
-
Carolina Scuba Services Vocational School Training Center
-
Salty Chic Boutique Clothing & Fashion Store
-
FuriousMac Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.85M
Owner & transaction history
Psm North Carolina Hldgs LLC · 6 yrs held
Psm North Carolina Hldgs LLC
since 2020
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
HB · Carolina Beach, 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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina 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
$7,235,000
ML approach
$7,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,890,000
Current use
Blend value · Realmo final
$6.85M
Range $6.16M – $7.53M · ±10% · vs last sale $6.20M (Jun 10 2020)
Last sale anchor
$6.20M
Jun 10 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
$149 / 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
$80,516
Tax year 2023
Assessed value
$12,107,700
Assessed 2023
Previous assessed
$12,107,700
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$2,643,900
Assessed improvement
$9,463,800
Land market value
$2,643,900
Improvement market value
$9,463,800
Total market value
$12,107,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
46,031 SF
Lot
10.71 ac (466,528 SF)
Zoning code
HB
APN
R08814-003-011-000
UPID
US53-1191179
Jurisdiction
NEW HANOVER
Zoning & alternative use
HB · Carolina Beach, NC
Zoning HB · permitted uses
HB · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
10.71 ac
Current owner
From public records · entity-resolved
Psm North Carolina Hldgs LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$21,759,500
Psm North Carolina Hldgs LLC
Carolina Beach Dev Co 1 LLC
Grant Deed
related
—
Dec 6, 2018
—
Carolina Beach Dev Co 1 LLC
Wilmington Holding Corp
Quit Claim Deed
related
—
Dec 6, 2018
$6,200,000
Carolina Beach Dev Co 1 LLC
Wilmington Holding Corp
Grant Deed
—
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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