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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Hotels
1066 Ocean Trl, Corolla, NC 27927-9606
Entity Owned
15-yr Hold
Absentee Owner
Property ID
US53-1212958
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Total area
4,560 SF
Lot
1.51 ac (65,776 SF)
Zoning code
SFO
APN
115B000P4B30000
UPID
US53-1212958
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
-
North Beach Watersports (Bike/Boat/Book/etc) Store
-
Inn at Corolla Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Lightkeepers Hospitality LLC · 15 yrs held
Lightkeepers Hospitality LLC
since 2011
5 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$750,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$580,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$395,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$113 / 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
$19,259
Tax year 2023
Assessed value
$3,005,200
Assessed 2023
Previous assessed
$3,005,200
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$1,129,500
Assessed improvement
$1,875,700
Land market value
$1,129,500
Improvement market value
$1,875,700
Total market value
$3,005,200
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
3
Stories
3
Units
8
Total area
4,560 SF
Lot
1.51 ac (65,776 SF)
Zoning code
SFO
APN
115B000P4B30000
UPID
US53-1212958
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
COMMERCIAL (GENERAL)
Est. value
$750,000
RETAIL STORES
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$395,000
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1997
Heating
NONE
Stories
3
Buildings
3
Units
8
Lot
1.51 ac
Current owner
From public records · entity-resolved
Lightkeepers Hospitality LLC
Entity
Mailing address
1300 DIAMOND SPGS RD STE #204, VIRGINIA BEACH, VA 23455-3645
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
Lightkeepers Hospitality LLC
—
Deed
related
$1,914,150 · Southern Bank & Trust Co
Mar 4, 2020
—
Lightkeepers Hospitality LLC
—
Deed
related
$4,750,000 · Townebank
Jun 15, 2011
—
Lightkeepers Hospitality LLC
Colby Mgmt Group LLC
Warranty Deed
$4,000,000 · Towne Bank
—
—
Lightkeepers Hospitality LLC
—
Deed Of Trust
related
$181,000 · Towne Bank
—
—
Lightkeepers Hospitality LLC
—
Deed Of Trust
related
$181,000 · Towne Bank
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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