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Property profile & analytics
OFF-MARKET
Retail space
109 Queen St, Kinston, NC 28501-4927
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2483195
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1901
Total area
3,894 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B-2
APN
452563326749
UPID
US53-2483195
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
-
Jarman Construction Co General Contractor
-
2nd Borne Records (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clarke Properties Of Lenoir County · 3 yrs held
Clarke Properties Of Lenoir County
since 2023
Last sale
$90,000
5 recorded transactions
Zoning & alternative use
B-2 · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$912
Tax year 2024
Assessed value
$48,372
Assessed 2024
Previous assessed
$78,620
-38.5% YoY
Effective rate
1.89%
On assessed value
Assessed land
$6,984
Assessed improvement
$41,388
Land market value
$6,984
Improvement market value
$41,388
Total market value
$48,372
Applied tax rate
141.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1901
Heating
OTHER
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,894 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B-2
APN
452563326749
UPID
US53-2483195
Jurisdiction
LENOIR
Zoning & alternative use
B-2 · Kinston, NC
Zoning B-2 · permitted uses
B-2 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Clarke Properties Of Lenoir County
Entity
Free & Clear · 3 yrs held
Mailing address
1981 BROOKSTONE DR, LA GRANGE, NC 28551-8355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 12, 2023
$90,000
Clarke Properties Of Lenoir County
Terabithia Inestments INC
Warranty Deed
—
May 7, 2021
$200,000
Jerry L Waller
Neusiok Properties LLC
Warranty Deed
—
Sep 26, 2017
$42,000
Terabithia Investments INC
Wester,james R & Marsha L
Warranty Deed
—
Oct 19, 2012
$27,000
James R Wester
Us Paragames
Warranty Deed
related
—
Nov 10, 2008
—
Us Paragames
Tull Fields LLC
Gift Deed
related
—
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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