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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Warehouses
14021 Nc Hwy 50, Surf City, NC 28445-6565
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3019055
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
14,080 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C1
APN
4235-44-4957-0000
UPID
US53-3019055
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Surf City Bb1 LLC · 3 yrs held
Surf City Bb1 LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C1 · Surf City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+112.3%
Restaurant
$1.8M
+107.8%
Commercial (general)
$1.6M
+88.8%
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 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
$1,830,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,850,000
Change: +112% · Conversion: Difficult
RESTAURANT
$1,810,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,645,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,335,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$1,240,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.75M (Mar 6 2023)
Last sale anchor
$1.75M
Mar 6 2023
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
$129 / 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
$850,310
Assessed 2023
Previous assessed
$850,310
+0.0% YoY
Assessed land
$490,525
Assessed improvement
$359,785
Land market value
$490,525
Improvement market value
$359,785
Total market value
$850,310
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Bathrooms
2
Total area
14,080 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C1
APN
4235-44-4957-0000
UPID
US53-3019055
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Surf City Bb1 LLC
Entity
Mailing address
1722 TARBORO RD, YOUNGSVILLE, NC 27596-7166
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$1,750,000
Surf City Bb1 LLC
4 Stroke Investments LLC
Special Warranty Deed
$1,487,500 · Coastal Bank & Trust
Jan 7, 2020
—
4 Stroke Investments LLC
—
Deed
related
$520,000 · Truist Bank
Jan 19, 2018
—
4 Stroke Investments LLC
—
Deed
related
$675,000 · Coastal Bk&tr
Dec 14, 2012
$400,000
4 Stroke Investments LLC
Atlas Nc II Spe LLC
Grant Deed
—
Dec 13, 2012
$400,000
4 Stroke Investments LLC
Atlas Nc II Spe LLC
Grant Deed
—
Dec 29, 2011
$202,311
Atlas Nc II Spe LLC
Ray,david L
Trustees Deed
related
—
Dec 28, 2011
$202,500
Atlas Nc II Spe LLC
Surf City Hardware INC
Grant Deed
—
—
—
Surf City Hardware INC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
—
—
4 Stroke Investments LLC
—
Deed Of Trust
related
$675,000 · Coastal 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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