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Property profile & analytics
OFF-MARKET
Warehouses
1100 20th St, Morehead City, NC 28557-4406
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2473111
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
1,600 SF
Lot
0.97 ac (42,166 SF)
Zoning code
R7
APN
6386.09.25.0872000
UPID
US53-2473111
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Happy Gardens LLC · 5 yrs held
Happy Gardens LLC
since 2021
6 recorded transactions
Zoning & alternative use
R7 · 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
$2,578
Tax year 2022
Assessed value
$698,720
Assessed 2024
Previous assessed
$698,720
+0.0% YoY
Effective rate
0.37%
On assessed value
Assessed land
$84,246
Assessed improvement
$614,474
Land market value
$84,246
Improvement market value
$614,474
Total market value
$698,720
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
2020
Construction
STEEL FRAME
Heating
RADIANT
Cooling
WINDOW A/C
Buildings
3
Stories
1
Bathrooms
1
Total area
1,600 SF
Lot
0.97 ac (42,166 SF)
Zoning code
R7
APN
6386.09.25.0872000
UPID
US53-2473111
Jurisdiction
CARTERET
Zoning & alternative use
R7 · Morehead City, NC
Zoning R7 · permitted uses
R7 · 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
2020
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Happy Gardens LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 607, MOREHEAD CITY, NC 28557-0607
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
—
Happy Gardens LLC
David Horton
Warranty Deed
—
Oct 17, 2019
—
David Horton
David Horton
Quit Claim Deed
related
—
Jan 18, 2013
—
David Horton
Husted,christopher A & Karen G
Warranty Deed
—
Jan 9, 2013
—
David Horton
Husted,christopher Allen
Grant Deed
related
—
Dec 17, 2010
$245,000
Christopher A Husted
Horton,david & Karen
Warranty Deed
$245,000 · David & Karen Horton
Oct 6, 2005
$200,000
David Horton
Moore,marvin T & Alice
Warranty Deed
—
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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