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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Retail space
1159 Austin St, Corolla, NC 27927-9680
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0807194
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1988
Total area
22,096 SF
Lot
6.8 ac (296,208 SF)
Zoning code
SFO
APN
115B0002P2B0000
UPID
US53-0807194
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
-
Fatcrabs Rib Company & Seafood Shack Restaurant
-
OBX Deli & Cheesesteaks Food Market Restaurant
-
Uncle Ike's Sandbar & Grill Bar & Pub Restaurant
-
Northern Lights Bakery And Coffee Bakery Specialty Food Shop
-
Tasty Treats Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$3.75M
Owner & transaction history
Golasa Holdings LLC · 10 yrs held
Golasa Holdings LLC
since 2016
3 recorded transactions
Zoning & alternative use
SFO · Corolla, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+14.4%
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 Corolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corolla 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,180,000
Current use
COMMERCIAL (GENERAL)
$4,785,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±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
$169 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$45,533
Tax year 2023
Assessed value
$5,765,900
Assessed 2023
Previous assessed
$5,765,900
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$2,340,000
Assessed improvement
$3,425,900
Land market value
$2,340,000
Improvement market value
$3,425,900
Total market value
$5,765,900
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
5
Stories
2
Units
1
Total area
22,096 SF
Lot
6.8 ac (296,208 SF)
Zoning code
SFO
APN
115B0002P2B0000
UPID
US53-0807194
Jurisdiction
CURRITUCK
Zoning & alternative use
SFO · Corolla, NC
Zoning SFO · permitted uses
SFO · Corolla, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corolla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES Current
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
1988
Heating
NONE
Stories
2
Buildings
5
Units
1
Lot
6.8 ac
Current owner
From public records · entity-resolved
Golasa Holdings LLC
Entity
Mailing address
PO BOX 12, KITTY HAWK, NC 27949-0012
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2016
$4,851,000
Golasa Holdings LLC
Cgcmt 2006-c5 Austin Street LLC
Special Warranty Deed
$3,600,000 · Townebank
May 16, 2016
$100,000
Cgcmt 2006-c5 Austin Street Ll Trust
Small G Elvin|corolla Light Town Center LLC
Trustees Deed
—
—
—
Corolla Light Town Center LLC
—
Deed Of Trust
related
$7,000,000 · Lasalle National 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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