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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Retail space
2008 Vernon Ave, Kinston, NC 28504-3330
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0640143
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
9,000 SF
Lot
1.15 ac (50,094 SF)
Zoning code
I1
APN
451511551948
UPID
US53-0640143
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
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.50M
Owner & transaction history
Agree LP · 5 yrs held
Agree LP
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
I1 · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
$1,640,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.49M (Aug 20 2020)
Last sale anchor
$1.49M
Aug 20 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
$167 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,351
Tax year 2024
Assessed value
$888,579
Assessed 2024
Previous assessed
$888,579
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$228,480
Assessed improvement
$660,099
Land market value
$228,480
Improvement market value
$660,099
Total market value
$888,579
Applied tax rate
156.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
9,000 SF
Lot
1.15 ac (50,094 SF)
Zoning code
I1
APN
451511551948
UPID
US53-0640143
Jurisdiction
LENOIR
Zoning & alternative use
I1 · Kinston, NC
Zoning I1 · permitted uses
I1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Agree LP
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2020
$1,493,500
Agree LP
Vanguard Ventures LLC
Grant Deed
—
Dec 30, 2019
—
Vanguard Ventures LLC
—
Deed
related
$14,405,000 · First Hrizon Bank
Oct 29, 2013
—
Vanguard Ventures LLC
Glandon Forest Equity LLC
Special Warranty Deed
$7,742,250 · Capital Bank
Jun 18, 2012
$325,000
Glandon Forest Equity Ll
Fred E Hunneke
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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