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Property profile & analytics
FOR LEASE
Office buildings
1165 Cedar Point Blvd, Cedar Point, NC 28584
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4037645
For Lease
1 / 2
$1.00 SF/Yr
1165 Cedar Point Blvd, Cedar Point, NC 28584
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.41M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.59M
Owner & transaction history
Ahv Cedar Point Owner LLC · 1 yrs held
Ahv Cedar Point Owner LLC
since 2025
Last sale
$6.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+3.9%
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 Cedar Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Point 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
$5,075,000
ML approach
$6,410,000
CAP Approach
CAP Return
Estimation
6%
$4,300,000
6.5%
$3,970,000
7%
$3,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,365,000
Current use
RESTAURANT
$3,490,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$5.59M
Range $5.03M – $6.14M · ±10% · vs last sale $6.50M (May 23 2025)
Last sale anchor
$6.50M
May 23 2025
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
$357 / 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
$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
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
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
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
OFFICE BUILDING Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING Current
RESTAURANT
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Bathrooms
5
Lot
4.27 ac
Current owner
From public records · entity-resolved
Ahv Cedar Point Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1735 MARKET STA400, PHILADELPHIA, PA 19103-7501
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$6,500,000
Ahv Cedar Point Owner LLC
Arhc Eccptnc01 LLC
Special Warranty Deed
—
Apr 12, 2018
—
Arhc Eccptnc01 LLC
—
Grant Deed
related
$237,400,000 · Keybank USA
Oct 15, 2015
$8,250,000
Arhc Eccptnc01 LLC
Holler Group INC
Grant Deed
—
Aug 27, 2014
—
Holler Group INC
—
Grant Deed
related
$5,867,600 · United FCU
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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