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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Strip malls
106 New Riv Dr, Surf City, NC 28445-6600
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-3186161
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
13,602 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C1
APN
4234-89-7632-0000
UPID
US53-3186161
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
-
Breeza Beachwear Clothing Store Gift Shop
-
Hwy 55 Burgers Shakes & Fries Restaurant
-
Eventide - Beer, Wine, Cigars Bar & Pub
-
ATM Atm
-
Cool Dips Creamery Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
106 New River Dr LLC · 5 yrs held
106 New River Dr LLC
since 2021
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
C1 · Surf 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 Surf City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surf 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
$2,830,000
ML approach
$3,250,000
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $3.20M (Mar 31 2021)
Last sale anchor
$3.20M
Mar 31 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
$229 / 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
Property tax & assessments
Assessed value
$1,256,906
Assessed 2023
Previous assessed
$1,256,906
+0.0% YoY
Assessed land
$601,125
Assessed improvement
$655,781
Land market value
$601,125
Improvement market value
$655,781
Total market value
$1,256,906
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
HEAT PUMP
Stories
1
Rooms
3
Bathrooms
8
Total area
13,602 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C1
APN
4234-89-7632-0000
UPID
US53-3186161
Jurisdiction
PENDER
Zoning & alternative use
C1 · Surf City, NC
Zoning C1 · permitted uses
C1 · Surf City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surf City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
HEAT PUMP
Stories
1
Rooms
3
Bathrooms
8
Lot
0.92 ac
Current owner
From public records · entity-resolved
106 New River Dr LLC
Entity
Mailing address
530 N MICHIGAN AVE, KENILWORTH, NJ 07033-1023
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
106 New River Dr LLC
—
Deed
related
$2,000,000 · Silver Hill Financial LLC
Mar 31, 2021
$3,200,000
106 New River Dr LLC
Coastal Land Venturees INC
Warranty Deed
—
Jul 8, 2014
—
Coastal Land Ventures INC
—
Grant Deed
related
$10,000,000 · Branch Bk&tr
Oct 3, 2011
—
Coastal Land Ventures INC
—
Deed Of Trust
related
$7,250,000 · Rbc Bank (usa)
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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