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Property profile & analytics
OFF-MARKET
Estimated value
$16,540,000
Hotels
1213 Lk Park S Blvd, Carolina Beach, NC 28428
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0923092
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
CONCRETE
Total area
23,456 SF
Lot
1.84 ac (80,150 SF)
Zoning code
MF
APN
R09014-012-004-000
UPID
US53-0923092
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
-
Tiki bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.37M
Blend (final)
Blend
$16.54M
Owner & transaction history
Golden Sands Resort LLC · 4 yrs held
Golden Sands Resort LLC
since 2022
Last sale
$16.2M
7 recorded transactions
Zoning & alternative use
MF · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.2M
+40.8%
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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina 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
$19,455,000
ML approach
$10,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,345,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,200,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$16.54M
Range $14.89M – $18.19M · ±10% · vs last sale $16.20M (Mar 17 2022)
Last sale anchor
$16.20M
Mar 17 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
$705 / 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
$93,594
Tax year 2023
Assessed value
$14,074,300
Assessed 2023
Previous assessed
$14,074,300
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$5,160,000
Assessed improvement
$8,914,300
Land market value
$5,160,000
Improvement market value
$8,914,300
Total market value
$14,074,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
4
Units
1
Bathrooms
56
Total area
23,456 SF
Lot
1.84 ac (80,150 SF)
Zoning code
MF
APN
R09014-012-004-000
UPID
US53-0923092
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF · Carolina Beach, NC
Zoning MF · permitted uses
MF · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
4
Units
1
Bathrooms
56
Lot
1.84 ac
Current owner
From public records · entity-resolved
Golden Sands Resort LLC
Entity
Mailing address
1211 LK PARK BLVD S, CAROLINA BEACH, NC 28428-5522
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$16,200,000
Golden Sands Resort LLC
Golden Sands Motel LLC
Warranty Deed
—
Mar 17, 2022
—
Golden Sands Resort LLC
Golden Sands Motel LLC
Intrafamily Transfer
related
$11,800,000 · Golden Sands Motel LLC
Aug 14, 2017
—
Golden Sands Motel LLC
—
Deed
related
$8,250,000 · Park Sterling Bk
Jun 16, 2014
—
Golden Sands Motel LLC
Golden Sands Motel LLC
Quit Claim Deed
related
—
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$250,000 · Newbridge Bank
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$750,000 · Wilmington Industrial Dev INC
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$8,250,000 · Park Sterling Bk
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$7,815,055 · Newbridge Bank
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$585,206 · Fnb Southeast
—
—
Golden Sands Motel LLC
—
Deed Of Trust
related
$125,000 · Newbridge 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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