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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
1082 Cedar Pt Blvd, Cedar Point, NC 28584-8019
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2790608
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
7,728 SF
Lot
3.03 ac (132,074 SF)
Zoning code
B1
APN
5374.11.75.1377000
UPID
US53-2790608
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
$790k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$715k
Owner & transaction history
Prescott Management Ptshp · 16 yrs held
Prescott Management Ptshp
since 2010
7 recorded transactions
Zoning & alternative use
B1 · Cedar Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+38.5%
Medical building
$1.1M
+29.9%
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 Cedar Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Point 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%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$835,000
Current use
COMMERCIAL (GENERAL)
$1,155,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$1,085,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$93 / 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
Tax billed
$5,858
Tax year 2022
Assessed value
$994,546
Assessed 2024
Previous assessed
$994,546
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$704,800
Assessed improvement
$289,746
Land market value
$704,800
Improvement market value
$289,746
Total market value
$994,546
Applied tax rate
37.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Bathrooms
2
Total area
7,728 SF
Lot
3.03 ac (132,074 SF)
Zoning code
B1
APN
5374.11.75.1377000
UPID
US53-2790608
Jurisdiction
CARTERET
Zoning & alternative use
B1 · Cedar Point, NC
Zoning B1 · permitted uses
B1 · Cedar Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1992
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Bathrooms
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Prescott Management Ptshp
Entity
Mailing address
5809 LNDG CT, EMERALD ISLE, NC 28594-3423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2020
—
Prescott Management Partnership A
—
Deed
related
$550,000 · Truist Bank
Jan 11, 2017
—
Prescott Management Ptshp
—
Deed
related
$450,000 · Sound Bk
Jan 4, 2010
$806,000
Prescott Management Ptshp
Gallion,david B & Sharon C
Warranty Deed
$515,469 · David D & Sharon Gallion
Dec 30, 2009
$806,000
Prescott Management Partnershi
Gallion,david B
Grant Deed
—
—
—
David B Gallion
—
Deed Of Trust
related
$100,000 · Textron Financial
—
—
Prescott Management Ptshp
—
Deed Of Trust
related
$450,000 · Sound Bk
—
—
Prescott Management Partnershi
—
Deed Of Trust
related
$515,469 · David Gallion
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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