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Property profile & analytics
OFF-MARKET
Specialty properties
1300 Dr Martin Luther King Jr Blvd, Kinston, NC 28501-4060
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-3547492
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
2000
Total area
13,084 SF
Lot
4.22 ac (183,823 SF)
Zoning code
B-1
APN
452508776718
UPID
US53-3547492
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
-
Mills Funeral Home Inc Social Service Agency
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
Rivers Morgan Funeral Home & Cremat · 1 yrs held
Rivers Morgan Funeral Home & Cremat
since 2024
6 recorded transactions
Zoning & alternative use
B-1 · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,474
Tax year 2024
Assessed value
$1,020,032
Assessed 2024
Previous assessed
$1,020,032
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$63,300
Assessed improvement
$956,732
Land market value
$63,300
Improvement market value
$956,732
Total market value
$1,020,032
Applied tax rate
156.0000
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
FUNERAL HOME
Status
Off-Market
Year built
2000
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
13,084 SF
Lot
4.22 ac (183,823 SF)
Zoning code
B-1
APN
452508776718
UPID
US53-3547492
Jurisdiction
LENOIR
Zoning & alternative use
B-1 · Kinston, NC
Zoning B-1 · permitted uses
B-1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
OTHER
Cooling
Yes
Stories
1
Lot
4.22 ac
Current owner
From public records · entity-resolved
Rivers Morgan Funeral Home & Cremat
Individual
Mailing address
1300 DR MARTIN LUTHER KING JR BLVD, KINSTON, NC 28501-4060
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 15, 2024
$850,000
Rivers Morgan Funeral Home & Cremat
Shir Cal LLC
Special Warranty Deed
$722,500 · Providence Bank
May 31, 2023
—
Shir Cal LLC
—
Deed
related
$700,000 · The Socotra Fund LLC
Jul 25, 2017
—
Shir Cal LLC
—
Deed
related
$494,900 · Branch Bk&tr
Oct 26, 2016
—
Shir-cal LLC
—
Deed
related
$495,000 · Branch Bk&tr
—
—
Shir-cal LLC
—
Deed Of Trust
related
$495,000 · Branch Bk&tr
—
—
Shir Cal LLC
—
Deed Of Trust
related
$494,900 · Branch Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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