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Property profile & analytics
OFF-MARKET
Estimated value
$15,855,000
Community centers
1401 Lk Park N Blvd, Carolina Beach, NC 28428-3936
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1426826
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Construction
CONCRETE
Total area
65,228 SF
Lot
7.53 ac (328,007 SF)
Zoning code
HB
APN
R08800-005-002-001
UPID
US53-1426826
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
-
Pizza Hut Take-out & Catering
-
Top Wok Chinese Restaurant Restaurant
-
Food Lion Grocery & Convenience Store Food Market
-
Wake N Bake Donuts - Carolina Beach Bakery Discount Store
-
Spectrum Paint Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.36M
Comparable Approach
Comparable
$16.55M
Blend (final)
Blend
$15.86M
Owner & transaction history
Oreilly Automotive Stores INC · 3 yrs held
Oreilly Automotive Stores INC
since 2023
2 recorded transactions
Zoning & alternative use
HB · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.8M
+41.3%
Retail stores
$20.9M
+35.5%
Auto repair, garage
$20.9M
+35.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,640,000
6.5%
$15,360,000
7%
$14,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,430,000
Current use
OFFICE BUILDING
$21,805,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$20,905,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,855,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$19,785,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$16,750,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$15.86M
Range $14.27M – $17.44M · ±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
$243 / 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
$76,019
Tax year 2023
Assessed value
$11,431,400
Assessed 2023
Previous assessed
$11,431,400
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$2,134,900
Assessed improvement
$9,296,500
Land market value
$2,134,900
Improvement market value
$9,296,500
Total market value
$11,431,400
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
15
Total area
65,228 SF
Lot
7.53 ac (328,007 SF)
Zoning code
HB
APN
R08800-005-002-001
UPID
US53-1426826
Jurisdiction
NEW HANOVER
Zoning & alternative use
HB · Carolina Beach, NC
Zoning HB · permitted uses
HB · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.4M
OFFICE BUILDING
Est. value
$21.8M
RETAIL STORES
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$20.9M
MEDICAL BUILDING
Est. value
$19.8M
WAREHOUSE, STORAGE
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
15
Lot
7.53 ac
Current owner
From public records · entity-resolved
Oreilly Automotive Stores INC
Entity
Free & Clear · 3 yrs held
Mailing address
233 S PATTERSON AVE, SPRINGFIELD, MO 65802-2210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
—
Oreilly Automotive Stores INC
Snows Cut Crossing LLC
Lease
—
Oct 13, 2005
—
Food Lion LLC
Food Lion LLC
Quit Claim Deed
related
—
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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