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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Turn key restaurants
121 Shr Dr, Surf City, NC 28445-6639
Individually Owned
4-yr Hold
Property ID
US53-3364498
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
1,941 SF
Lot
0.11 ac (4,922 SF)
Zoning code
C1
APN
4234-99-1586-0000
UPID
US53-3364498
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
-
Scallywags Hotel & Motel Resort
-
Sky's the Limit Martini Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Bernard Ogrodnik · 4 yrs held
Bernard Ogrodnik
since 2021
Last sale
$745,000
6 recorded transactions
Zoning & alternative use
C1 · Surf City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Surf City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surf 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
$780,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $745k (Dec 29 2021)
Last sale anchor
$745k
Dec 29 2021
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
$389 / 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
Property tax & assessments
Assessed value
$372,840
Assessed 2023
Previous assessed
$372,840
+0.0% YoY
Assessed land
$200,861
Assessed improvement
$171,979
Land market value
$200,861
Improvement market value
$171,979
Total market value
$372,840
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Stories
2
Rooms
5
Bathrooms
2
Total area
1,941 SF
Lot
0.11 ac (4,922 SF)
Zoning code
C1
APN
4234-99-1586-0000
UPID
US53-3364498
Jurisdiction
PENDER
Zoning & alternative use
C1 · Surf City, NC
Zoning C1 · permitted uses
C1 · Surf City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surf City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
HEAT PUMP
Stories
2
Rooms
5
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Bernard Ogrodnik
Individual
Mailing address
1058 RESIDENTS CLB DR, CARY, NC 27519-0861
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Bernard Ogrodnik
Ogrodnik Properties LLC
Warranty Deed
—
Dec 29, 2021
$745,000
Topsail Seashore LLC
Bernard Ogrodnik
Warranty Deed
$485,000 · United Bank
Jul 22, 2016
—
Ogrodnik Properties LLC
Ogrodnik,bernard M & Marie
Quit Claim Deed
related
—
May 4, 2016
$221,000
Bernard M Ogrodnik
Gary W Foss
Warranty Deed
$168,800 · Carolina Bank
Jan 15, 2016
—
Gary W Foss
Foss,gary W & Lora J
Quit Claim Deed
related
—
—
—
Ogrodnik Properties LLC
—
Deed Of Trust
related
$167,000 · First 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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