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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
200 Mangrove Dr, Emerald Isle, NC 28594-2515
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2810524
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,400 SF
Lot
0.26 ac (11,456 SF)
Zoning code
MH
APN
5383.08.87.7954000
UPID
US53-2810524
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
-
Christy Crumpler - Realtor @ Bluewater Real Estate Real Estate Agency
-
Bluewater Real Estate Annual Rentals Real Estate Agency
-
Bluewater Vacation Rentals Emerald Isle, NC Vacation Rental Real Estate Agency
-
Linda Folger, Bluewater Real Estate Real Estate Agency
-
Alyson Squires, Bluewater Real Estate Emerald Isle Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$912k
Blend (final)
Blend
$785k
Owner & transaction history
Coastline Of Emrald Isle INC · 1 yrs held
Coastline Of Emrald Isle INC
since 2024
7 recorded transactions
Zoning & alternative use
MH · Emerald Isle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+15.9%
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 Emerald Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emerald Isle 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%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$730,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +16% · Conversion: Easy
RETAIL STORES
$635,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$231 / 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
$3,088
Tax year 2022
Assessed value
$633,678
Assessed 2024
Previous assessed
$633,678
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$261,522
Assessed improvement
$372,156
Land market value
$261,522
Improvement market value
$372,156
Total market value
$633,678
Applied tax rate
1,556.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
3,400 SF
Lot
0.26 ac (11,456 SF)
Zoning code
MH
APN
5383.08.87.7954000
UPID
US53-2810524
Jurisdiction
CARTERET
Zoning & alternative use
MH · Emerald Isle, NC
Zoning MH · permitted uses
MH · Emerald Isle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emerald Isle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$635,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Coastline Of Emrald Isle INC
Entity
Mailing address
PO BOX 4340, EMERALD ISLE, NC 28594-4340
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
—
Coastline Of Emrald Isle INC
Bluewater Associates Of Emerald Isl
Special Warranty Deed
—
Aug 18, 2017
—
Bluewater Assocs Of Emerald Is In
—
Grant Deed
related
$1,550,000 · First Nat'l Bk/pa
—
—
Bluewater Associates Of Emeral
—
Deed Of Trust
related
$3,375,000 · Rbc Bank (usa)
—
—
Bluewater Associates Of Emeral
—
Deed Of Trust
related
$3,375,000 · Rbc Bank (usa)
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$350,000 · First Citizens Bank & Trust Co
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$416,800 · Branch Banking & Trust Co
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$682,858 · Rbc Bank (usa)
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$625,000 · Rbc Bank (usa)
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$902,250 · Vantagesouth Bank
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$900,000 · Vantagesouth Bank
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
—
—
Bluewater Assocs Of Emerald Is In
—
Deed Of Trust
related
$700,000 · First Nat'l Bk/pa
—
—
Bluewater Associates Of Emeral
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust
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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