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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Warehouses
170 Hankison Dr, Newport, NC 28570-9169
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2663187
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
15,000 SF
Lot
25.8 ac (1,123,848 SF)
Zoning code
LIW
APN
6346.01.16.5024000
UPID
US53-2663187
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
$3.09M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.46M
Owner & transaction history
Rbi Properties LLC · 5 yrs held
Rbi Properties LLC
since 2020
Last sale
$2.3M
1 recorded transaction
Zoning & alternative use
LIW · Newport, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+130.7%
Restaurant
$3.4M
+106.7%
Office building
$3.2M
+99.0%
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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
$3,295,000
ML approach
$3,090,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,620,000
Current use
COMMERCIAL (GENERAL)
$3,740,000
Change: +131% · Conversion: Difficult
RESTAURANT
$3,350,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$3,225,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$2,810,000
Change: +73% · Conversion: Moderate
MEDICAL BUILDING
$2,105,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.35M (Jul 24 2020)
Last sale anchor
$2.35M
Jul 24 2020
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
$164 / 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
$7,954
Tax year 2022
Assessed value
$1,892,313
Assessed 2024
Previous assessed
$1,879,134
+0.7% YoY
Effective rate
0.42%
On assessed value
Assessed land
$483,750
Assessed improvement
$1,408,563
Land market value
$483,750
Improvement market value
$1,408,563
Total market value
$1,892,313
Applied tax rate
32.0000
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
1988
Construction
STEEL FRAME
Heating
SPACE
Buildings
4
Stories
1
Bathrooms
3
Total area
15,000 SF
Lot
25.8 ac (1,123,848 SF)
Zoning code
LIW
APN
6346.01.16.5024000
UPID
US53-2663187
Jurisdiction
CARTERET
Zoning & alternative use
LIW · Newport, NC
Zoning LIW · permitted uses
LIW · Newport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RESTAURANT
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
4
Bathrooms
3
Lot
25.8 ac
Current owner
From public records · entity-resolved
Rbi Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11401 ROOSEVELT BLVD, PHILADELPHIA, PA 19154-2102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
$2,349,000
Rbi Properties LLC
Spx Flow Technology USA INC
Grant Deed
—
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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