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Property profile & analytics
OFF-MARKET
Commercial real estate
202 Islander Dr, Emerald Isle, NC 28594
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2931284
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
1,804 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B3
APN
5383.10.46.7374000
UPID
US53-2931284
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
E I Stone LLC · 10 yrs held
E I Stone LLC
since 2015
5 recorded transactions
Zoning & alternative use
B3 · Emerald Isle, 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 Emerald Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emerald Isle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,778
Tax year 2022
Assessed value
$569,589
Assessed 2024
Previous assessed
$569,589
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$566,250
Assessed improvement
$3,339
Land market value
$566,250
Improvement market value
$3,339
Total market value
$569,589
Applied tax rate
1,556.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Stories
2
Bathrooms
2
Total area
1,804 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B3
APN
5383.10.46.7374000
UPID
US53-2931284
Jurisdiction
CARTERET
Zoning & alternative use
B3 · Emerald Isle, NC
Zoning B3 · permitted uses
B3 · Emerald Isle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emerald Isle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Stories
2
Bathrooms
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
E I Stone LLC
Entity
Mailing address
117 BOBWHITE CIR, CAPE CARTERET, NC 28584-9776
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2015
—
E I Stone LLC
Palmer,donald & Winifred
Warranty Deed
$300,000 · Donald & Winifred Palmer
Aug 23, 2011
$300,000
E I Stone LLC
Donald Palmer
Warranty Deed
$300,000 · First Citizens Bank
Dec 21, 2009
—
Donald Palmer
Palmer,donald
Quit Claim Deed
related
—
Apr 25, 2008
$750,000
Donald Palmer
Seaside Siblings LLC
Warranty Deed
—
Dec 22, 2006
—
Seaside Siblings LLC
Howe,martha L
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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