Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Salter Path Rd Pine Knoll Shores, NC 28512-6101
    Back to Search
    Property profile & analytics

    103 Salter Path Rd Pine Knoll Shores, NC 28512-6101

    View on Map
    • Hotels
    • 9,628 SF
    • 2.32 lot acres
    Off-Market
    Property ID
    US53-2828508
    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.
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    9.3%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 103 Salter Path Rd

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.32 lot acres
    Property size
    9,628 SF
    Property type
    Hotels
    APN
    6365.19.62.2087000
    APU
    636519622087000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,005,000
      6.5%
      $930,000
      7%
      $860,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $980,000
      Current use
      RETAIL STORES
      $1,145,000
      Change: +17% Conversion: Difficult
      RESTAURANT
      $1,005,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $920,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $915,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pine Knoll Shores
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7828
    Latitude
    34.6971
    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
    $14,790
    $1,932,000
    $2,545,419
    $4,477,419
    -
    $1,932,000
    $2,545,419
    $4,477,419

    Comparable in this City

    • Value Estimation by Request
      4,823 SF

      Atlantic Beach, NC 28512

      HOTEL • 4,823 SF
      Atlantic Beach, NC 28512
      View Details
    • Value Estimation
      $13,690,000
      11,518 SF

      511 Salter Path Rd

      HOTEL • 11,518 SF
      511 Salter Path Rd, Pine Knoll Shores, NC 28512-6003
      View Details
    • Value Estimation
      $2,175,000
      20,886 SF

      2717 Ft Macon Rd

      HOTEL • 20,886 SF
      2717 Ft Macon Rd, Atlantic Beach, NC 28512-5349
      View Details
    • Value Estimation
      $1,855,000
      17,873 SF

      120 Salter Path Rd

      HOTEL • 17,873 SF
      120 Salter Path Rd, Pine Knoll Shores, NC 28512
      View Details
    • Value Estimation by Request
      2,244 SF

      123 Salter Path Rd

      MOTEL • 2,244 SF
      123 Salter Path Rd, Pine Knoll Shores, NC 28512-6101
      View Details
    • Value Estimation by Request
      3,260 SF

      1305 Salter Path Rd

      MOTEL • 3,260 SF
      1305 Salter Path Rd, Salter Path, NC 28512-5901
      View Details

    Similar Nearby for Sale

    • $2,499,900

      Furnished Hotel with Deepwater Boat Slips

      Charming, fully furnished hotel with private dock and boat slips.
      200 Atlantic Beach Cswy, Atlantic Beach, NC 28512
      View Details
    • $1,800,000
      0.76 Acres

      Oceanfront Land in Pine Knoll

      Extraordinary oceanfront setting for a private estate or generational compound.
      103 Roosevelt Reserve Park Ln, Pine Knoll Shores, NC 28512
      View Details
    • $2,500,000
      Pending

      Waterfront Property on Atlantic Beach Causeway

      1.47 acre waterfront property with development and investment potential.
      104 Atlantic Beach Cswy, Atlantic Beach, NC 28512
      View Details
    • New
      $899,900
      0.34 Acres

      Oceanfront Lot in Pine Knoll Shores

      Oceanfront lot to build your dream home!
      111 Ocean Shr Ln, Pine Knoll Shores, NC 28512
      View Details
    • $1,050,000
      0.49 Acres

      Coastal Homesite in Roosevelt Reserve

      Second-row homesite with deeded beach access in Pine Knoll Shores.
      108 Roosevelt Reserve Park, Pine Knoll Shores, NC 28512
      View Details
    • $2,050,000
      0.69 Acres

      Oceanfront Land in Pine Knoll

      Historic oceanfront property with development potential in Pine Knoll Shores.
      101 Roosevelt Reserve Park Pl, Pine Knoll Shores, NC 28512
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 Salter Path Rd
    Pine Knoll Shores, NC 28512-6101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 Salter Path Rd, Pine Knoll Shores, NC, 28512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!