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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Hotels
201 Fayetteville Ave, Carolina Beach, NC 28428
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0897902
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
WOOD FRAME
Total area
4,836 SF
Lot
0.29 ac (12,502 SF)
Zoning code
MX
APN
R09006-041-008-000
UPID
US53-0897902
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.68M
Owner & transaction history
Pleasure Island Holdings LLC · 4 yrs held
Pleasure Island Holdings LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
MX · Carolina Beach, 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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina Beach 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
$3,010,000
ML approach
$3,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.50M (Dec 17 2021)
Last sale anchor
$2.50M
Dec 17 2021
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
$554 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,363
Tax year 2023
Assessed value
$806,400
Assessed 2023
Previous assessed
$806,400
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$325,000
Assessed improvement
$481,400
Land market value
$325,000
Improvement market value
$481,400
Total market value
$806,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
16
Total area
4,836 SF
Lot
0.29 ac (12,502 SF)
Zoning code
MX
APN
R09006-041-008-000
UPID
US53-0897902
Jurisdiction
NEW HANOVER
Zoning & alternative use
MX · Carolina Beach, NC
Zoning MX · permitted uses
MX · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
16
Lot
0.29 ac
Current owner
From public records · entity-resolved
Pleasure Island Holdings LLC
Entity
Mailing address
1001 MILITARY CUTOFF RD, WILMINGTON, NC 28405-4376
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 17, 2021
$2,500,000
Pleasure Island Holdings LLC
Crest Nc LLC
Warranty Deed
$2,250,000 · Jbs Funding LLC
Dec 17, 2021
—
Pleasure Island Holdings LLC
Crest Nc LLC
Correction Deed
related
—
Mar 15, 2021
$950,000
Crest Nc LLC
Oldham & Jade Holdings II LLC
Warranty Deed
$1,330,000 · United Bank
Jun 21, 2019
—
Oldham & Jade Holdings II LLC
Oldham,debra L
Quit Claim Deed
related
—
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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