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Property profile & analytics
OFF-MARKET
Hotels
1104 Arendell St, Morehead City, NC 28557-4144
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2673863
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1910
Construction
WOOD
Total area
1,924 SF
Lot
0.14 ac (5,968 SF)
Zoning code
CD
APN
6386.19.51.7537000
UPID
US53-2673863
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
-
Crystal Coast Autism Center Charitable Organization Social Service Agency
-
Emily Nobles, LCSW Medical Clinic
-
Live Oak Life Line Spa & Massage Center Alternative Medicine Practice
-
Mead Danielle Spa & Massage Center Alternative Medicine Practice
-
Bowen-Carlson Jacqui Counselor
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
John J Mcmullen JR · 2 yrs held
John J Mcmullen JR
since 2024
Last sale
$65,000
7 recorded transactions
Zoning & alternative use
CD · 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
$1,091
Tax year 2022
Assessed value
$326,000
Assessed 2024
Previous assessed
$326,000
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$140,625
Assessed improvement
$185,375
Land market value
$140,625
Improvement market value
$185,375
Total market value
$326,000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
GRAVITY
Cooling
EVAPORATIVE
Stories
2
Bathrooms
2
Total area
1,924 SF
Lot
0.14 ac (5,968 SF)
Zoning code
CD
APN
6386.19.51.7537000
UPID
US53-2673863
Jurisdiction
CARTERET
Zoning & alternative use
CD · Morehead City, NC
Zoning CD · permitted uses
CD · 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
1910
Construction
WOOD
Heating
GRAVITY
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
John J Mcmullen JR
Individual
Free & Clear · 2 yrs held
Mailing address
608 OCEAN RDG DR, ATLANTIC BEACH, NC 28512-7210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
$65,000
John J Mcmullen JR
Donald Small
Warranty Deed
—
Nov 22, 2022
—
Irons Holdings LLC
Robert A Farias
Correction Deed
related
$368,000 · First Citizens Bank And Trust Co In
May 4, 2021
$390,000
Irons Holdings LLC
Robert A Farias
Warranty Deed
$331,500 · First Citizens Bank And Trust Co In
Apr 13, 2021
$32,500
Charles E Sithes
Richard L Schnarrs
Warranty Deed
—
Feb 2, 2021
$335,000
Lynn Benton Swann
Karl Stefan Farago
Warranty Deed
—
Jul 28, 2020
$360,000
Donovan G White
Keith J Richards
Warranty Deed
—
Jul 10, 2020
$189,500
Tiffany Staub
Cleo J Hall
Warranty Deed
$186,067 · American Sec Mtg
Jul 2, 2020
$150,000
West Carteret Water Corp
Page Bernice N Family Trust
Warranty Deed
—
Jul 2, 2020
$450,000
Richard A Rappaport
Margaret S Wade
Warranty Deed
—
Feb 10, 2020
$85,000
Michael W Lewis
David Horton
Warranty Deed
—
Jan 21, 2020
$339,500
Robert A Farias
Joseph T Barwick
Warranty Deed
$305,550 · Navy FCU
Jan 22, 2015
—
Joseph T Barwick
—
Trustees Deed
related
$305,000 · Branch Bk&tr
—
—
Joseph T Barwick
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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