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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Office buildings
1023 Ocean Trl, Corolla, NC 27927-9606
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5525345
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
10,664 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SFO
APN
115B0000P5J0000
UPID
US53-5525345
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
-
Brindley Beach Vacations & Sales Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Jdlove LLC · 17 yrs held
Jdlove LLC
since 2008
7 recorded transactions
Zoning & alternative use
SFO · Corolla, 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 Corolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corolla 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,075,000
Current use
COMMERCIAL (GENERAL)
$1,755,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10%
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
$172 / 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
$19,912
Tax year 2023
Assessed value
$3,138,900
Assessed 2023
Previous assessed
$3,138,900
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$457,400
Assessed improvement
$2,681,500
Land market value
$457,400
Improvement market value
$2,681,500
Total market value
$3,138,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2016
Heating
NONE
Stories
2
Units
1
Total area
10,664 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SFO
APN
115B0000P5J0000
UPID
US53-5525345
Jurisdiction
CURRITUCK
Zoning & alternative use
SFO · Corolla, NC
Zoning SFO · permitted uses
SFO · Corolla, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corolla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2016
Heating
NONE
Stories
2
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Jdlove LLC
Entity
Mailing address
103 OSPREY LN, SOUTHERN SHORES, NC 27949-3840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 29, 2018
—
Jd Love LLC
—
Deed
related
$3,034,500 · Townebank
Sep 19, 2017
—
Jdlove LLC
—
Deed
related
$500,000 · Wells Fargo Bank NA
Nov 1, 2016
—
Jdlove LLC
—
Deed
related
$4,160,000 · Branch Bk&tr
Sep 8, 2008
$1,860,000
Jdlove LLC
Betty Shotton
Warranty Deed
$2,200,000 · Wachovia Bank NA
Sep 8, 2008
—
Jdlove LLC
Brindley,douglas R & Joan E
Warranty Deed
—
—
—
Jdlove LLC
—
Deed Of Trust
related
$2,070,000 · Branch Banking & Trust Co
—
—
Jdlove LLC
—
Deed Of Trust
related
$4,160,000 · Branch Bk&tr
—
—
Jdlove LLC
—
Deed Of Trust
related
$565,500 · Towne Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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