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Property profile & analytics
OFF-MARKET
Estimated value
$5,270,000
Hotels
1621 Lk Park S Blvd, Carolina Beach, NC 28428-5724
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1271264
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1972
Construction
CONCRETE
Total area
11,668 SF
Lot
0.54 ac (23,566 SF)
Zoning code
MF
APN
R09206-001-001-000
UPID
US53-1271264
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
-
Dale and candy's hotel Hotel & Motel
-
Haywood & Whittington Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.29M
Blend (final)
Blend
$5.27M
Owner & transaction history
1621 Lake Park Boulevard LLC · 4 yrs held
1621 Lake Park Boulevard LLC
since 2022
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
MF · Carolina Beach, 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 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
$6,005,000
ML approach
$6,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,135,000
Current use
Blend value · Realmo final
$5.27M
Range $4.74M – $5.80M · ±10% · vs last sale $5.00M (Jun 14 2022)
Last sale anchor
$5.00M
Jun 14 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
$452 / 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
$8,830
Tax year 2023
Assessed value
$2,655,600
Assessed 2023
Previous assessed
$2,655,600
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$1,773,000
Assessed improvement
$882,600
Land market value
$1,773,000
Improvement market value
$882,600
Total market value
$2,655,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
28
Bathrooms
25
Total area
11,668 SF
Lot
0.54 ac (23,566 SF)
Zoning code
MF
APN
R09206-001-001-000
UPID
US53-1271264
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF · Carolina Beach, NC
Zoning MF · permitted uses
MF · 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
HOTEL/MOTEL Current
Est. value
$7.1M
HOTEL/MOTEL Current
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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
28
Bathrooms
25
Lot
0.54 ac
Current owner
From public records · entity-resolved
1621 Lake Park Boulevard LLC
Entity
Mailing address
802 N 5TH AVE, WILMINGTON, NC 28401-3427
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
—
1621 Lake Park Boulevard LLC
—
Deed
related
$5,271,000 · Paragon Bank
Feb 8, 2024
—
1621 Lake Park Boulevard LLC
—
Deed
related
$1,825,000 · Paragon Bank
Jun 14, 2022
$5,000,000
1621 Lake Park Boulevard LLC
Jinks K Whittington
Warranty Deed
$1,100,000 · Jinks Whittington
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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