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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
114 Salter Path Rd Pine Knoll Shores, NC 28512-6100
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2933769
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
WOOD
Total area
1,298 SF
Lot
0.68 ac (29,708 SF)
Zoning code
C4
APN
6365.19.52.3476000
UPID
US53-2933769
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
$505k
CAP Approach
CAP
$330k
Comparable Approach
Comparable
$422k
Blend (final)
Blend
$510k
Owner & transaction history
Oak Level Properties LLC · 5 yrs held
Oak Level Properties LLC
since 2021
Last sale
$524,000
2 recorded transactions
Zoning & alternative use
C4 · Pine Knoll Shores, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$325,000
+15.9%
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 Pine Knoll Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Knoll Shores 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
$500,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$355,000
6.5%
$330,000
7%
$305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$325,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $524k (Mar 23 2021)
Last sale anchor
$524k
Mar 23 2021
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
$393 / 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
Tax billed
$1,405
Tax year 2022
Assessed value
$421,066
Assessed 2024
Previous assessed
$421,066
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$359,380
Assessed improvement
$61,686
Land market value
$359,380
Improvement market value
$61,686
Total market value
$421,066
Applied tax rate
1,353.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,298 SF
Lot
0.68 ac (29,708 SF)
Zoning code
C4
APN
6365.19.52.3476000
UPID
US53-2933769
Jurisdiction
CARTERET
Zoning & alternative use
C4 · Pine Knoll Shores, NCZoning C4 · permitted uses
C4 · Pine Knoll Shores, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$325,000
COMMERCIAL (GENERAL)
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
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Oak Level Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 7066, ROCKY MOUNT, NC 27804-0066
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$525,000
Oak Level Properties LLC
Bagar LLC
Warranty Deed
—
Aug 23, 2005
$500,000
Bagar LLC
Harrington,edgar L III
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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