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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1805 Weeksville Rd, Elizabeth City, NC 27909
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-4173425
For Lease
1 / 3
$7,585,000
1805 Weeksville Rd, Elizabeth City, NC 27909
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
TYPE NOT SPECIFIED
Lot
4.84 ac (210,830 SF)
Zoning code
I-1
APN
892205290833
UPID
US53-4173425
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
-
City Nails Nail Salon
-
China Garden Restaurant
-
CashPoints® ATM Atm
-
Julius Star Tattoo Gallery Tattoo & Piercing Shop
-
No Loose Ends Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.59M
Owner & transaction history
Exchangeright Net Leased Portfolio · 3 yrs held
Exchangeright Net Leased Portfolio
since 2023
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
I-1 · Elizabeth City, 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth 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
$8,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±10% · vs last sale $7.58M (Mar 6 2023)
Last sale anchor
$7.58M
Mar 6 2023
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
—
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
Assessed value
$3,937,700
Assessed 2023
Previous assessed
$3,937,700
+0.0% YoY
Land market value
$636,000
Improvement market value
$3,301,700
Total market value
$3,937,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
CENTRAL
Units
6
Lot
4.84 ac (210,830 SF)
Zoning code
I-1
APN
892205290833
UPID
US53-4173425
Jurisdiction
PASQUOTANK
Zoning & alternative use
I-1 · Elizabeth City, NC
Zoning I-1 · permitted uses
I-1 · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabeth City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
Yes
Units
6
Lot
4.84 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
7243 WAKEFIELD DR, FAYETTEVILLE, NY 13066-9769
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
—
Exchangeright Value Add Portfolio 3
—
Deed
related
$7,332,000 · Barclays Capital Real Estate INC
Mar 6, 2023
$7,584,000
Exchangeright Net Leased Portfolio
Bl Weeksville LLC
Special Warranty Deed
$48,500,000 · Citi Real Estate Funding INC
Mar 6, 2023
—
Exchangeright Net Leased Portfolio
Bl Weeksville LLC
Assignment Of Lease (leasehold Sale)
—
Oct 13, 2017
$661,667
La Weeksville Crossing LLC
Bl Weeksville LLC
Warranty Deed
$4,700,000 · Starwood Mortgage Capital LLC
Oct 13, 2017
—
Bl Weeksville LLC
Bl Infinity Weeksville Holding LLC
Warranty Deed
—
Oct 31, 2007
$3,342,500
Bl Weeksville LLC
Weeksville Crossing LLC
Warranty Deed
—
Mar 16, 2006
$1,000,000
Brantley Tillman C
Pell Paper Box Company INC
Warranty 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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