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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Day care centers
118 Fire Tower Rd, Winterville, NC 28590-9475
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0907847
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1991
Construction
FRAME
Total area
5,938 SF
Lot
1.04 ac (45,302 SF)
Zoning code
O
APN
50114
UPID
US53-0907847
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
-
Care-O-World Early Learning Center, Winterville Daycare Center
-
Care-O-World Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$540k
Owner & transaction history
Long Ridge Investments LLC · 3 yrs held
Long Ridge Investments LLC
since 2022
Last sale
$750,000
2 recorded transactions
Zoning & alternative use
O · Winterville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$785,000
+135.2%
Apartment house (5+ units)
$615,000
+84.5%
Restaurant
$465,000
+39.7%
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 Winterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winterville 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
$550,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$335,000
Current use
OFFICE BUILDING
$785,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +85% · Conversion: Difficult
RESTAURANT
$465,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$405,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$355,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $750k (Oct 13 2022)
Last sale anchor
$750k
Oct 13 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
$91 / 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
$8,006
Tax year 2023
Assessed value
$682,160
Assessed 2023
Previous assessed
$682,160
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$258,935
Assessed improvement
$423,225
Land market value
$258,935
Improvement market value
$423,225
Total market value
$682,160
Applied tax rate
70.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
9
Bathrooms
9
Total area
5,938 SF
Lot
1.04 ac (45,302 SF)
Zoning code
O
APN
50114
UPID
US53-0907847
Jurisdiction
PITT
Zoning & alternative use
O · Winterville, NC
Zoning O · permitted uses
O · Winterville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$335,000
OFFICE BUILDING
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
RESTAURANT
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$405,000
RETAIL STORES
Est. value
$355,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
9
Bathrooms
9
Lot
1.04 ac
Current owner
From public records · entity-resolved
Long Ridge Investments LLC
Entity
Mailing address
PO BOX 642, WASHINGTON, NC 27889-0642
Ownership since
2022
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
Jun 4, 2025
—
Long Ridge Investments LLC
—
Deed
related
$243,791 · United Bank
Oct 13, 2022
$750,000
Long Ridge Investments LLC
Charles C Mclaurin
Warranty Deed
$637,500 · United 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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