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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
201 Lumberton Ave, Carolina Beach, NC 28428-4846
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1959132
Property summary
AI-generated overview
This exceptional 1,000-square-foot freestanding office building presents a rare leasing opportunity in Carolina Beach's Central Business District (CBD). Completely renovated in 2023, this single-tenant Class B property boasts a thoughtfully designed layout including a reception area with built-in desk, a conference room featuring a built-in hardwood conference table, two private offices, two restrooms, a small break area, and a storage closet. Situated on a 0.15-acre lot, the building offers convenient off-street parking and prominent signage on North Lake Park Boulevard, enhancing visibility and accessibility. The property benefits from dual street frontage on Lumberton Avenue and North Lake Park Boulevard. Its strategic location places it directly across from the Carolina Beach Marina, the new Brunches Restaurant, and the Gulf Stream Restaurant, and provides easy access to the Carolina Beach Boardwalk. The lease rate includes landscaping services. Built in 1972, this one-story building is zoned CBD (R08818-020-002-000, R08818-020-003-000) and offers immediate occupancy. This is an ideal space for businesses seeking a high-profile location with modern amenities in a vibrant coastal community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
STEEL & CONCRETE
Total area
960 SF
Lot
0.1 ac (4,443 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R08818-020-002-000
UPID
US53-1959132
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
-
Laurel Companies Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Lumberton Ave LLC · 2 yrs held
Lumberton Ave LLC
since 2024
Last sale
$727,500
2 recorded transactions
Zoning & alternative use
CBD,CENTRAL BUS DIST · 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)
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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
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $728k (May 21 2024)
Last sale anchor
$728k
May 21 2024
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
$760 / 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
Assessed value
$292,100
Assessed 2023
Previous assessed
$292,100
+0.0% YoY
Assessed land
$197,100
Assessed improvement
$95,000
Land market value
$197,100
Improvement market value
$95,000
Total market value
$292,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
960 SF
Lot
0.1 ac (4,443 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R08818-020-002-000
UPID
US53-1959132
Jurisdiction
NEW HANOVER
Zoning & alternative use
CBD,CENTRAL BUS DIST · Carolina Beach, NC
Zoning CBD,CENTRAL BUS DIST · permitted uses
CBD,CENTRAL BUS DIST · 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
1972
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lumberton Ave LLC
Entity
Mailing address
2549 CRAB CATCHER CT, WILMINGTON, NC 28409-4800
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$727,500
Lumberton Ave LLC
Laurel Companies LLC
Special Warranty Deed
$581,800 · First Bank
Sep 21, 2021
$344,000
Laurel Companies LLC
First Baptist Chr Of Carolina Beach
Warranty Deed
$292,400 · Truist Bank
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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