Entity Owned Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Construction
WOOD
Total area
9,411 SF
Lot
0.11 ac (4,966 SF)
Zoning code
RCS
APN
6386.18.32.2173000
UPID
US53-2504146
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Church
-
Marketing & Advertising Printing Service
-
Publishing House
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$458k
Blend (final)
Blend
$675k
Owner & transaction history
since 2020
Last sale
$480,000
2 recorded transactions
Zoning & alternative use
RCS · Morehead City, NC
Top alternative use upside
Medical building
$870,000
+51.6%
Auto repair, garage
$850,000
+48.2%
Retail stores
$835,000
+45.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$675k
Value range
$608k – $743k
±10% around blend
Estimated value / SF
$72 / SF
Confidence
Property data
100
Comparable evidence
60
$608k
blend $675k
$743k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,411 SF
Lot area
0.11 ac
Year built
1984
Stories
1
APN
6386.18.32.2173000
Zoning
RCS
Assessed value
$382,206
Annual tax
$1,261
3
Income approach: direct capitalization
Partial preview
Income approach indication
$855k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$925k
@ 6.5% CAP return
$855k
@ 7% CAP return
$790k
4
Sales comparison
Partial preview
Sales approach indication
$458k
Range $260k – $957k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$675k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+52%
vs current-use indication
Auto Repair, Garage
Retail Stores
Restaurant
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
8.20%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.20%
9.0%
NOI (est.)
$34k *
Last sale · Apr 2020
$480k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$410k
Move the market yield to see immediate price impact.
Value / SF
$44
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.70%8.20%8.70%
$30k
$393k
$369k
$348k
$34k
$436k
$410k
$386k
$37k
$480k
$451k
$425k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,261
Tax year 2022
Assessed value
$382,206
Assessed 2023
Previous assessed
$382,206
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$51,250
Assessed improvement
$330,956
Land market value
$51,250
Improvement market value
$330,956
Total market value
$382,206
Applied tax rate
1,351.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
9,411 SF
Lot
0.11 ac (4,966 SF)
Zoning code
RCS
APN
6386.18.32.2173000
UPID
US53-2504146
Jurisdiction
CARTERET
Zoning & alternative use
RCS · Morehead City, NCZoning RCS · permitted uses
RCS · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RCS
Jurisdiction
Morehead City, NC
Recorded code
RCS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RCS in Morehead City, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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