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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
108 Professional Park Dr, Beaufort, NC 28516-2418
Entity Owned
21-yr Hold
Free & Clear
Property ID
US53-2970109
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
2,774 SF
Lot
0.79 ac (34,587 SF)
Zoning code
R20
APN
7306.08.98.9357000
UPID
US53-2970109
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$550k
Owner & transaction history
East Carolina Cmnty Dev INC · 21 yrs held
East Carolina Cmnty Dev INC
since 2005
7 recorded transactions
Zoning & alternative use
R20 · Beaufort, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+15.9%
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 Beaufort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaufort 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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: +16% · Conversion: Easy
RETAIL STORES
$485,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$198 / 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
Assessed value
$508,784
Assessed 2024
Previous assessed
$508,784
+0.0% YoY
Assessed land
$196,116
Assessed improvement
$312,668
Land market value
$196,116
Improvement market value
$312,668
Total market value
$508,784
Applied tax rate
1,159.0000
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
2006
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
2,774 SF
Lot
0.79 ac (34,587 SF)
Zoning code
R20
APN
7306.08.98.9357000
UPID
US53-2970109
Jurisdiction
CARTERET
Zoning & alternative use
R20 · Beaufort, NC
Zoning R20 · permitted uses
R20 · Beaufort, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beaufort. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2006
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
East Carolina Cmnty Dev INC
Entity
Free & Clear · 21 yrs held
Mailing address
108 PROFESSIONAL PARK DR, BEAUFORT, NC 28516-2418
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
East Carolina Community Development
—
Deed
related
$975,000 · North State Bank
Mar 2, 2022
—
East Carolina Community Development
—
Deed
related
$333,000 · First Citizens Bank & Trust Co
Jan 21, 2021
—
Elijahs Landing Of Morehead City
—
Deed
related
$1,575,000 · Churchill Mtg Const LLC
Jun 29, 2018
—
Camellia Court Apartments LP
—
Deed
related
$230,000 · North St Bk
Apr 14, 2008
—
East Carolina Cmnty Dev INC
—
Trustees Deed
related
$150,000 · East Carolina Bank
Mar 8, 2005
$83,000
East Carolina Cmnty Dev INC
Mercer Building
Warranty Deed
—
—
—
East Carolina Community Develo
—
Deed Of Trust
related
$150,000 · First Citizens Bank
—
—
East Carolina Community Develo
—
Deed Of Trust
related
$250,000 · First Citizens Bank
—
—
East Carolina Cmnty Dev INC
—
Deed Of Trust
related
$350,000 · East Carolina Bank
—
—
Camellia Court Apartments LP
—
Deed Of Trust
related
$230,000 · North St Bk
—
—
Elijahs Landing Of Morehead City
—
Deed Of Trust
related
$1,575,000 · Churchill Mtg Const LLC
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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