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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
102 Industrial Dr Morehead City, NC 28557-8480
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2510937
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
5,595 SF
Lot
0.61 ac (26,441 SF)
Zoning code
B1
APN
6356.12.77.9288000
UPID
US53-2510937
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
-
The MirIAM's Treasures Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$540k
Owner & transaction history
Capps Enterprises Of Greenville LLC · 5 yrs held
Capps Enterprises Of Greenville LLC
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
B1 · Morehead City, 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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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
$525,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$870,000
Current use
MEDICAL BUILDING
$785,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Mar 30 2021)
Last sale anchor
$550k
Mar 30 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
$97 / 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
$1,603
Tax year 2022
Assessed value
$481,143
Assessed 2024
Previous assessed
$481,143
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$294,860
Assessed improvement
$186,283
Land market value
$294,860
Improvement market value
$186,283
Total market value
$481,143
Applied tax rate
1,351.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
5
Total area
5,595 SF
Lot
0.61 ac (26,441 SF)
Zoning code
B1
APN
6356.12.77.9288000
UPID
US53-2510937
Jurisdiction
CARTERET
Zoning & alternative use
B1 · Morehead City, NC
Zoning B1 · permitted uses
B1 · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morehead City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$870,000
MEDICAL BUILDING
Est. value
$785,000
OFFICE BUILDING Current
MEDICAL 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
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
5
Lot
0.61 ac
Current owner
From public records · entity-resolved
Capps Enterprises Of Greenville LLC
Entity
Mailing address
3505 STAR HL FARM RD, GREENVILLE, NC 27834-8074
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$550,000
Capps Enterprises Of Greenville LLC
Horseshoe Mhp LLC
Deed
$440,000 · Dogwood State Bank
Feb 23, 2017
—
Horsheshoe Mhp LLC
—
Deed
related
$310,000 · Sound Bank
Aug 3, 2016
$475,000
Horseshoe Mhp LLC
Pierce James K Living Trust
Warranty Deed
$305,000 · Pierce James K Living Tr (pt)
Jun 20, 2007
—
Pierce,james K Living Trust
Whitley,james W
Warranty Deed
related
—
Jul 27, 2006
$575,000
Edith W Mason
Lmn Properties LLC
Warranty Deed
$65,000 · Branch Banking And Trust Co
Dec 21, 2005
—
Lmn Properties LLC
Lmn Properties
Quit Claim Deed
related
—
—
—
James Kyser Pierce
—
Deed Of Trust
related
$75,000 · Branch Banking & Trust
—
—
Edith W Mason
—
Deed Of Trust
related
$223,000 · Branch Banking & Trust Co
—
—
Pierce,james K Living Trust
—
Deed Of Trust
related
$223,000 · Branch Banking & Trust Co
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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