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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Office buildings
151 Poole Rd 1 Belville, NC 28451-9508
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-1033780
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2001
Total area
8,400 SF
Lot
1.84 ac (80,150 SF)
Zoning code
BH
APN
470003619
UPID
US53-1033780
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
-
Cape Fear Engineering, Inc. Civil Engineer Architect
-
guidry-coastal-architecture Architecture Firm
-
Elizabeth Nabors Counselor Social Worker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.59M
Owner & transaction history
Veranda Homes Of Cape Fear LLC · 18 yrs held
Veranda Homes Of Cape Fear LLC
since 2008
3 recorded transactions
Zoning & alternative use
BH · Belville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 5.1.7 BH, Business Highway District A. Purpose and Intent - The purpose of this district shall be to provide for the proper grouping and development of roadside business uses which will best accommodate the needs of the motoring public and businesses demanding high volume traffic. The district’s principal means of ingress and egress shall be along co…
Zone name
Business Highway
General category
COMMERCIAL
Zone area
199.91 ac
Source
ZONING ORDINANCE – Belville
Top alternative use upside
Restaurant
$2.3M
+21.2%
Retail stores
$1.9M
+1.2%
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 Belville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belville 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%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,900,000
Current use
RESTAURANT
$2,300,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$1,920,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$189 / 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
$2,483,040
Assessed 2023
Previous assessed
$1,705,780
+45.6% YoY
Assessed land
$478,400
Assessed improvement
$2,004,640
Land market value
$478,400
Improvement market value
$2,004,640
Total market value
$2,483,040
Applied tax rate
25.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
8,400 SF
Lot
1.84 ac (80,150 SF)
Zoning code
BH
APN
470003619
UPID
US53-1033780
Jurisdiction
BRUNSWICK
Zoning & alternative use
BH · Belville, NCZoning BH · permitted uses
BH · Belville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 5.1.7 BH, Business Highway District A. Purpose and Intent - The purpose of this district shall be to provide for the proper grouping and development of roadside business uses which will best accommodate the needs of the motoring public and businesses demanding high volume traffic. The district’s principal means of ingress and egress shall be along collector roads, minor
Zone name
Business Highway
General category
COMMERCIAL
Zone area
199.91 ac
Source
ZONING ORDINANCE – Belville
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.84 ac
Current owner
From public records · entity-resolved
Veranda Homes Of Cape Fear LLC
Entity
Mailing address
PO BOX 544, WILMINGTON, NC 28402-0544
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2017
—
Magnolia Station LLC
—
Deed
related
$1,150,085 · First Bank
Mar 28, 2008
$120,000
Veranda Homes Of Cape Fear LLC
Wdb Developers LLC
Warranty Deed
related
$3,500,000 · Regions Bank
—
—
Magnolia Station LLC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
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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