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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
102 5th Aprils Dr Peletier, NC 28584-9404
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-2658016
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
STEEL FRAME
Total area
4,000 SF
Lot
1.27 ac (55,321 SF)
APN
5375.08.89.8393000
UPID
US53-2658016
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
-
Carolina Cabinets on Demand Hardware & Home Improvement Furniture & Home Goods
-
Studio 58 Sculpt and Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$515k
Blend (final)
Blend
$590k
Owner & transaction history
Mark Merrell · 5 yrs held
Mark Merrell
since 2021
Last sale
$11,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$860,000
+14.8%
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 Peletier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peletier 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%
$775,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
RETAIL STORES
$750,000
Current use
OFFICE BUILDING
$860,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $12k (Jun 14 2021)
Last sale anchor
$12k
Jun 14 2021
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
$148 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$428
Tax year 2022
Assessed value
$878,031
Assessed 2024
Previous assessed
$574,880
+52.7% YoY
Effective rate
0.05%
On assessed value
Assessed land
$139,446
Assessed improvement
$738,585
Land market value
$139,446
Improvement market value
$738,585
Total market value
$878,031
Applied tax rate
37.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
4,000 SF
Lot
1.27 ac (55,321 SF)
APN
5375.08.89.8393000
UPID
US53-2658016
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$750,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES Current
OFFICE BUILDING
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
2022
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Mark Merrell
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 4541, EMERALD ISLE, NC 28594-4541
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$11,500
Mark Merrell
Eastern Outdoor Holdings LLC
Warranty Deed
—
Dec 20, 2019
$19,500
Mark C Merrel
Karen E Sowers
Warranty Deed
—
Jul 14, 2017
$37,400
Mark C Merrell
Murray,rufus E
Dual Purpose Document
related
$29,400 · Rufus E Murray
Feb 1, 2010
$3,500
Rufus E Murray
Dunn,alice H
Warranty Deed
—
Jan 29, 2010
$3,500
Rufus E Murray
Dunn,alice Holmes
Grant Deed
—
Oct 14, 2009
—
Alice Dunn
—
Trustees Deed
related
$14,960 · Rufus & Sharon Murray
Oct 5, 2009
—
Alice Dunn
Brooks Electric & Const INC
Grant Deed
—
Sep 9, 2008
$233,246
Brooks Electric & Const INC
Erwin,frank W
Trustees Deed
related
—
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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