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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Turn key restaurants
1113 New Pointe Blvd, Leland, NC 28451-4116
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-1943883
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
5,559 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C2
APN
470002418
UPID
US53-1943883
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
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.84M
Owner & transaction history
Michael P Walters · 4 yrs held
Michael P Walters
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C2 · Leland, 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 Leland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leland 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
$2,785,000
ML approach
$2,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $3.26M (Mar 28 2022)
Last sale anchor
$3.26M
Mar 28 2022
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
$511 / 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
Property tax & assessments
Assessed value
$2,993,240
Assessed 2023
Previous assessed
$1,799,490
+66.3% YoY
Assessed land
$1,523,720
Assessed improvement
$1,469,520
Land market value
$1,523,720
Improvement market value
$1,469,520
Total market value
$2,993,240
Applied tax rate
31.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
5,559 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C2
APN
470002418
UPID
US53-1943883
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Leland, NC
Zoning C2 · permitted uses
C2 · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Michael P Walters
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 26, PROCTORVILLE, NC 28375-0026
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$3,258,000
Michael P Walters
2418 N Main LLC
Special Warranty Deed
—
Mar 28, 2022
—
Michael P Walters
2418 N Main LLC
Assignment Of Lease (leasehold Sale)
—
Apr 15, 2021
$2,561,500
2418 N Main LLC
Best Locations LLC
Special Warranty Deed
—
Oct 23, 2012
—
Best Location LLC
—
Deed Of Trust
related
$124,000,000 · Bank Of America
Oct 4, 2011
—
Tsak Op Investments LLC
Leland Retail Investment II Ll
Grant Deed
—
Feb 15, 2011
—
Leland Retail Inv II LLC
—
Deed Of Trust
related
$28,145,000 · Wells Fargo Bank
Dec 28, 2007
—
Leland Retail Investment II LLC
Leland Retail Investment LLC
Special Warranty Deed
—
Dec 28, 2007
$765,800
Tsak Investments LLC
SR Investments LLC
Grant Deed
—
—
—
Best Locations LLC
—
Deed Of Trust
$97,000,000 · Bank Of America
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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