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Property profile & analytics
OFF-MARKET
Estimated value
$340,000
Specialty properties
1200 Herrington Rd Elizabeth City, NC 27909-5920
Individually Owned
Free & Clear
Property ID
US53-4545348
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1950
Construction
WOOD
Lot
0.34 ac (14,767 SF)
Zoning code
R-8
APN
891312955313
UPID
US53-4545348
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$340k
Owner & transaction history
STAR EASTERN
STAR EASTERN
Zoning & alternative use
R-8 · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-8 Residential District is primarily intended to accommodate a variety of moderate density single family detached dwellings, modular homes, and two family dwellings, maximum densities within the R-8 District include approximately 5 dwelling units per gross acre for single family detached dwellings and 7 dwelling units per gross acre for two family resid…
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
910.17 ac
Source
Realmo
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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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
Blend value · Realmo final
$340k
Range $306k – $374k · ±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
—
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
Assessed value
$255,500
Assessed 2023
Previous assessed
$255,500
+0.0% YoY
Land market value
$23,100
Improvement market value
$232,400
Total market value
$255,500
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Lot
0.34 ac (14,767 SF)
Zoning code
R-8
APN
891312955313
UPID
US53-4545348
Jurisdiction
PASQUOTANK
Zoning & alternative use
R-8 · Elizabeth City, NCZoning R-8 · permitted uses
R-8 · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-8 Residential District is primarily intended to accommodate a variety of moderate density single family detached dwellings, modular homes, and two family dwellings, maximum densities within the R-8 District include approximately 5 dwelling units per gross acre for single family detached dwellings and 7 dwelling units per gross acre for two family residences, nonresidential uses permitted within this district include customary accessory, recreational, educational, and institutional land uses that are compatible with the moderate density residential character of the R-8 District
Zone name
Residential
General category
CIVIC_INSTITUTIONAL
Zone area
910.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Lot
0.34 ac
Current owner
From public records · entity-resolved
STAR EASTERN
Individual
Free & Clear · 0 yrs held
Mailing address
ELIZABETH CITY, NC 27909
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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