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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Medical Office Space
168 Nc Hwy 24 Morehead City, NC 28557-2517
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2809805
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2003
Construction
WOOD
Total area
3,760 SF
Lot
1.89 ac (82,154 SF)
APN
6366.09.05.8811000
UPID
US53-2809805
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
$880k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$910k
Owner & transaction history
Wilko Properties 2 LLC · 4 yrs held
Wilko Properties 2 LLC
since 2022
Last sale
$915,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+77.6%
Retail stores
$660,000
+25.5%
Office building
$585,000
+10.9%
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead 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
$940,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Change: +78% · Conversion: Easy
RETAIL STORES
$660,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $915k (Apr 14 2022)
Last sale anchor
$915k
Apr 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
$242 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,850
Tax year 2022
Assessed value
$795,281
Assessed 2024
Previous assessed
$795,281
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$396,637
Assessed improvement
$398,644
Land market value
$396,637
Improvement market value
$398,644
Total market value
$795,281
Applied tax rate
1,351.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
3
Total area
3,760 SF
Lot
1.89 ac (82,154 SF)
APN
6366.09.05.8811000
UPID
US53-2809805
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$935,000
RETAIL STORES
Est. value
$660,000
OFFICE BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
2003
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
3
Lot
1.89 ac
Current owner
From public records · entity-resolved
Wilko Properties 2 LLC
Entity
Mailing address
801 PLZ BLVD, KINSTON, NC 28501-2143
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Wilko Properties 2 LLC
—
Deed
related
$200,000 · Truist Bank
Apr 14, 2022
$915,000
Wilko Properties 2 LLC
Herbert S Potter
Special Warranty Deed
$777,750 · Truist Bank
Feb 9, 2017
$517,647
Herbert S Potter
Cp Alabama LLC
Warranty Deed
$704,000 · Select Bank & Trust Co
Jul 23, 2013
$722,000
Cp Alabama LLC
Vantagesouth Bk
Warranty Deed
$450,000 · Bank Of North Carolina
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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