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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Retail space
113 Howe St, Southport, NC 28461-3862
Entity Owned
~
Est. High Equity
Property ID
US53-0574801
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
4,688 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
237LG040
UPID
US53-0574801
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
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.20M
Owner & transaction history
Jjsmw Southport LLC
Jjsmw Southport LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CBD · Southport, 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 Southport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southport 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
$1,185,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,260,000
Current use
OFFICE BUILDING
$1,245,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.50M (Apr 7 2022)
Last sale anchor
$1.50M
Apr 7 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
$255 / 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
$1,267,900
Assessed 2023
Previous assessed
$544,670
+132.8% YoY
Assessed land
$428,040
Assessed improvement
$839,860
Land market value
$428,040
Improvement market value
$839,860
Total market value
$1,267,900
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
4,688 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
237LG040
UPID
US53-0574801
Jurisdiction
BRUNSWICK
Zoning & alternative use
CBD · Southport, NC
Zoning CBD · permitted uses
CBD · Southport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
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
2002
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jjsmw Southport LLC
Entity
Mailing address
302 12TH RIV DR, SOUTHPORT, NC 28461-4110
Ownership since
2025
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
Aug 1, 2025
$600,000
Jjsmw Southport LLC
Landis Lands LLC
Special Warranty Deed
—
Jun 30, 2022
—
Vrm Holdings Pcj LLC
—
Deed
related
$980,000 · First Bank
Apr 7, 2022
—
Vrm Holdings Pcj LLC
Vrm Holdings C LLC
Intrafamily Transfer
related
—
Apr 4, 2022
$1,500,000
Vrm Holdings C LLC
Halcyon Days Investments LLC
Warranty Deed
—
Jun 28, 2017
$885,000
Landis Lands LLC
Vrm Holdings-c LLC
Warranty Deed
—
Jun 4, 2010
$725,000
Halcyon Days Investments LLC
Craigport LLC
Warranty Deed
—
—
—
Craigport LLC
—
Deed Of Trust
related
$100,000 · Waccamaw Bank
—
—
Craigport LLC
—
Deed Of Trust
related
$382,925 · Waccamaw 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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