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Property profile & analytics
FOR SALE
Retail space
112 Cape Fear Blvd Fear, Carolina Beach, NC 28428
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1465270
For Sale
1 / 56
$1,995,000
112 Cape Fear Blvd,Unit Fear, Carolina Beach, NC 28428
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
CONCRETE
Total area
2,500 SF
Lot
0.09 ac (3,790 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R09006-020-004-000
UPID
US53-1465270
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
-
Brian Donovan, REALTOR Wilmington, NC Real Estate Agency
-
Nest Realty Carolina Beach Real Estate Agency
-
The Pearl & The Petal (Bike/Boat/Book/etc) Store Florist
-
Carolina Beach Street Arts Festival Association / Organization
-
Jessica Keenan, Nest Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$401k
Blend (final)
Blend
$520k
Owner & transaction history
Lawrence P Morena · 6 yrs held
Lawrence P Morena
since 2019
7 recorded transactions
Zoning & alternative use
CBD,CENTRAL BUS DIST · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+4.3%
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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina Beach 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
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
OFFICE BUILDING
$835,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$640,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$208 / 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
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$616,300
Assessed 2023
Previous assessed
$616,300
+0.0% YoY
Assessed land
$263,600
Assessed improvement
$352,700
Land market value
$263,600
Improvement market value
$352,700
Total market value
$616,300
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
For Sale
Year built
1935
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
2,500 SF
Lot
0.09 ac (3,790 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R09006-020-004-000
UPID
US53-1465270
Jurisdiction
NEW HANOVER
Zoning & alternative use
CBD,CENTRAL BUS DIST · Carolina Beach, NC
Zoning CBD,CENTRAL BUS DIST · permitted uses
CBD,CENTRAL BUS DIST · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$800,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$640,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lawrence P Morena
Individual
Mailing address
910 JOHNS ORCH LN, WILMINGTON, NC 28411-9663
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
—
Benny Parks Holdings LLC
—
Deed
related
$575,000 · First Bank
Feb 21, 2023
—
Benny Parks Holdings LLC
—
Deed
related
$200,000 · First Bank
Aug 30, 2019
$199,000
Lawrence P Morena
River Bluffs Dev Corp
Warranty Deed
—
May 2, 2019
$665,000
Benny Parks Holdings LLC
Island Holdings LLC
Warranty Deed
related
$665,000 · Island Holdings LLC
Mar 26, 2019
—
Island Holdings LLC
—
Deed
related
$220,000 · Select Bk
Dec 8, 2010
—
Island Holdings LLC
—
Trustees Deed
related
$150,000 · Cheryl A Spetrino
—
—
Island Holdings LLC
—
Deed Of Trust
related
$400,759 · Park Sterling Bank
—
—
Island Holdings LLC
—
Deed Of Trust
related
$220,000 · Select Bk
—
—
Island Holdings LLC
—
Deed Of Trust
related
$235,000 · Suntrust Bank NA
—
—
Island Holdings LLC
—
Deed Of Trust
related
$150,000 · Vantagesouth Bk
—
—
Island Holdings LLC
—
Deed Of Trust
related
$500,000 · Park Sterling Bank
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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