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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Turn key restaurants
1417 Bragg Blvd, Spring Lake, NC 28390-2010
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3927075
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Total area
4,953 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CP
APN
0502-43-6145
UPID
US53-3927075
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
-
IHOP Restaurant
-
Pardon My Cheesesteak Restaurant
-
TenderFix by Noah Schnapp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Nalu LLC · 4 yrs held
Nalu LLC
since 2022
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
CP · Spring Lake, 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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
$4,425,000
ML approach
$4,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $3.80M (May 26 2022)
Last sale anchor
$3.80M
May 26 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
$827 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$12,463
Tax year 2019
Assessed value
$768,365
Assessed 2023
Previous assessed
$768,365
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$149,404
Assessed improvement
$618,961
Land market value
$149,404
Improvement market value
$618,961
Total market value
$768,365
Applied tax rate
3,000.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Total area
4,953 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CP
APN
0502-43-6145
UPID
US53-3927075
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Spring Lake, NC
Zoning CP · permitted uses
CP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Nalu LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2233 W VINEYARD ST STE B, WAILUKU, HI 96793-1690
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Nalu LLC
Patel Bmp LLC
Correction Deed
related
—
May 26, 2022
$3,800,000
Nalu LLC
Patel Bmp LLC
Warranty Deed
$1,950,000 · First Bank
May 19, 2022
—
Patel Bmp LLC
Gma Krantz Properties LP
Correction Deed
related
—
Aug 6, 2018
$3,250,000
Patel Bmc LLC
Gma Krantz Proeprties LP
Grant Deed
—
Sep 11, 2014
$2,700,000
Gma Krantz Properties LP
Bragg Hospitality LLC
Grant Deed
—
Feb 23, 2010
—
Bragg Hospitality LLC
Kingdom Community Dev Corp
Warranty 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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