Entity Owned 
For Lease
1 / 2
$5,075,000
1165 Cedar Point Blvd, Cedar Point, NC 28584
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Property summary
AI-generated overview
1165 Cedar Point Blvd is a commercial site located on NC-24 in Cedar Point, a primary commercial corridor with an estimated daily traffic volume of approximately 29,500 vehicles (as of 2023). The property provides visibility and convenient access from the corridor and is situated minutes from the Intracoastal Waterway, the Swansboro waterfront, and Bogue Inlet Pier, with year-round traffic that increases during the summer months. The surrounding area includes healthcare and professional services such as Carteret Medical Group, Coastal Radiology Associates, and Moore Orthopedics, supporting uses in healthcare or professional services. The property contains 3,188 square feet of space and is located approximately within 10 minutes of Emerald Isle and about 25 minutes from Morehead City.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,632 SF
Lot
4.27 ac (186,001 SF)
APN
5374.12.86.7822000
UPID
US53-4037645
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Dental Office
-
Pediatrician Physician
-
Physician Medical Clinic
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.41M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.08M
Owner & transaction history
since 2025
Last sale
$6.5M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$3.5M
+3.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.08M
Value range
$4.57M – $5.58M
±10% around blend
Estimated value / SF
$325 / SF
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$4.57M
blend $5.08M
$5.58M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,632 SF
Lot area
4.27 ac
Year built
2014
APN
5374.12.86.7822000
Assessed value
$7,077,441
Annual tax
$41,595
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.97M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.30M
@ 6.5% CAP return
$3.97M
@ 7% CAP return
$3.69M
4
Sales comparison
Partial preview
Sales approach indication
$5.56M
Range $1.66M – $5.56M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 64 sales
$215
+51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $325/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+4%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$455k *
Last sale · May 2025
$6.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.92M
Move the market yield to see immediate price impact.
Value / SF
$571
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$410k
$8.90M
$8.03M
$7.31M
$455k
$9.89M
$8.92M
$8.13M
$501k
$10.88M
$9.81M
$8.94M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$41,595
Tax year 2022
Assessed value
$7,077,441
Assessed 2024
Previous assessed
$7,077,441
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$1,263,500
Assessed improvement
$5,813,941
Land market value
$1,263,500
Improvement market value
$5,813,941
Total market value
$7,077,441
Applied tax rate
37.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Bathrooms
5
Total area
15,632 SF
Lot
4.27 ac (186,001 SF)
APN
5374.12.86.7822000
UPID
US53-4037645
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Bathrooms
5
Lot
4.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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