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Property profile & analytics
OFF-MARKET
Warehouses
110 Bonner Ave, Morehead City, NC 28557-3212
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2818203
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,237 SF
Lot
0.63 ac (27,225 SF)
Zoning code
R5
APN
6376.15.62.6568000
UPID
US53-2818203
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
-
Quillen Welding Services, LLC General Contractor
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
Q2 Proeprties LLC · 4 yrs held
Q2 Proeprties LLC
since 2022
Last sale
$389,000
7 recorded transactions
Zoning & alternative use
R5 · Morehead 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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,919
Tax year 2022
Assessed value
$879,961
Assessed 2024
Previous assessed
$879,961
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$172,175
Assessed improvement
$707,786
Land market value
$172,175
Improvement market value
$707,786
Total market value
$879,961
Applied tax rate
1,351.0000
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
4
Stories
1
Bathrooms
1
Total area
12,237 SF
Lot
0.63 ac (27,225 SF)
Zoning code
R5
APN
6376.15.62.6568000
UPID
US53-2818203
Jurisdiction
CARTERET
Zoning & alternative use
R5 · Morehead City, NC
Zoning R5 · permitted uses
R5 · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morehead City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
4
Bathrooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Q2 Proeprties LLC
Entity
Mailing address
110 BONNER AVE, MOREHEAD CITY, NC 28557-3212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$389,000
Q2 Proeprties LLC
Haywood Equity Group L
Special Warranty Deed
$311,200 · Southern Bank & Trust Co
Feb 2, 2022
—
Haywood Equity Group Limited Partne
—
Deed
related
$3,097,843 · Blueharbor Bank
Jan 25, 2021
—
Jared P Quillen
Cecil P Quillen
Quit Claim Deed
related
—
Jan 2, 2013
—
Heywood Equity Group LP
Dickson,ralph A III & Ann W
Grant Deed
—
Dec 28, 2012
—
Heywood,equity Grp Limited Par
Dickson,ralph A III
Grant Deed
related
—
Feb 9, 2007
$400,000
Ralph A Dickson III
Mccotter Ents INC
Warranty Deed
—
—
—
Haywood Equity Group
—
Deed Of Trust
related
$609,875 · Citizens South Bank
—
—
Mccotter Ents INC
—
Deed Of Trust
related
$600,000 · Mlh 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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