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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Manufacturing properties
201 17th St, Morehead City, NC 28557-3627
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-2504146
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
One Harbor Offices Church
-
Herald Printing Co Marketing & Advertising Printing Service
-
Coaster Magazine Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$458k
Blend (final)
Blend
$610k
Owner & transaction history
One Harbor Church INC · 6 yrs held
One Harbor Church INC
since 2020
Last sale
$480,000
2 recorded transactions
Zoning & alternative use
RCS · Morehead City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+51.6%
Auto repair, garage
$850,000
+48.2%
Retail stores
$835,000
+45.8%
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead 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
$675,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$790,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$575,000
Current use
MEDICAL BUILDING
$870,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: +48% · Conversion: Easy
RETAIL STORES
$835,000
Change: +46% · Conversion: Moderate
RESTAURANT
$805,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $480k (Apr 24 2020)
Last sale anchor
$480k
Apr 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
$65 / 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
$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
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
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, NC
Zoning RCS · permitted uses
RCS · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morehead City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$575,000
MEDICAL BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$850,000
RETAIL STORES
Est. value
$835,000
RESTAURANT
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$550,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
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
1984
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
One Harbor Church INC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1977, MOREHEAD CITY, NC 28557-1977
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2020
$480,000
One Harbor Church INC
Pilot Military Newspapers Of N Ca
Grant Deed
—
Nov 8, 2005
$575,000
Landmark Military Newspapers Of N
Wenkstarr Properties LLC
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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