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Property profile & analytics
OFF-MARKET
Retail space
1210 Ocean Trl, Corolla, NC 27927-9715
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-1559665
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
1,152 SF
Lot
1 ac (43,560 SF)
Zoning code
SFO
APN
0114000003F0000
UPID
US53-1559665
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
-
Distinctive Landscaping Landscaping General Contractor
-
Lighthouse Pizza Corolla Take-out & Catering
-
Patterson Homes and Construction General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sandridge Properties LLC · 12 yrs held
Sandridge Properties LLC
since 2014
3 recorded transactions
Zoning & alternative use
SFO · Corolla, 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 Corolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corolla 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
Tax billed
$4,322
Tax year 2023
Assessed value
$697,100
Assessed 2023
Previous assessed
$697,100
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$600,000
Assessed improvement
$97,100
Land market value
$600,000
Improvement market value
$97,100
Total market value
$697,100
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
1997
Heating
NONE
Stories
2
Units
1
Total area
1,152 SF
Lot
1 ac (43,560 SF)
Zoning code
SFO
APN
0114000003F0000
UPID
US53-1559665
Jurisdiction
CURRITUCK
Zoning & alternative use
SFO · Corolla, NC
Zoning SFO · permitted uses
SFO · Corolla, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corolla. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sandridge Properties LLC
Entity
Mailing address
1210 OCEAN TRL, COROLLA, NC 27927-9715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2014
$700,000
Sandridge Properties LLC
Distinctive Landscaping & Remodelin
Warranty Deed
$1,580,000 · Wells Fargo Bank NA
Jan 27, 2004
$500,000
Corolla Companies LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Corolla Companies LLC
—
Deed Of Trust
related
$535,000 · Gateway Bank & Trust
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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