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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
120 Short St, Wrightsville Beach, NC 28480-1764
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2141379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
STEEL & CONCRETE
Total area
3,600 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C-3,COMMERCIAL
APN
R05718-005-001-000
UPID
US53-2141379
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
-
Motts Channel Seafood Specialty Food Shop Fish Market
-
Offshore Account Sportfishing Tour Operator Travel Agency
-
La Dee Dah Sunset Cruises (Bike/Boat/Book/etc) Store
-
Captain Big Fish Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$795k
Owner & transaction history
120 Short Street LLC · 3 yrs held
120 Short Street LLC
since 2023
4 recorded transactions
Zoning & alternative use
C-3,COMMERCIAL · Wrightsville Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+4.3%
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 Wrightsville Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wrightsville Beach 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
$750,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,155,000
Current use
OFFICE BUILDING
$1,205,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,090,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$925,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$221 / 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
$19,418
Tax year 2023
Assessed value
$3,580,700
Assessed 2023
Previous assessed
$3,580,700
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$1,363,400
Assessed improvement
$2,217,300
Land market value
$1,363,400
Improvement market value
$2,217,300
Total market value
$3,580,700
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
3,600 SF
Lot
0.97 ac (42,253 SF)
Zoning code
C-3,COMMERCIAL
APN
R05718-005-001-000
UPID
US53-2141379
Jurisdiction
NEW HANOVER
Zoning & alternative use
C-3,COMMERCIAL · Wrightsville Beach, NC
Zoning C-3,COMMERCIAL · permitted uses
C-3,COMMERCIAL · Wrightsville Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wrightsville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$925,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
120 Short Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1507 RADIAN RD, WILMINGTON, NC 28405-4222
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 5, 2023
—
120 Short Street LLC
Edward Gene Long
Warranty Deed
—
Nov 1, 2018
—
Edward G Long
—
Deed
related
$1,085,000 · First Citizens Bk
Dec 19, 2012
—
Edward G Long
Long,edward G & Alison L
Quit Claim Deed
related
$1,100,000 · First Citizens Bank & Trust Co
—
—
Edward G Long
—
Deed Of Trust
related
$1,085,000 · First Citizens Bk
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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