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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Drive through restaurants
2020 Olde Regent Way, Belville, NC 28451-4192
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-2219902
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Total area
4,534 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C2
APN
470003803
UPID
US53-2219902
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
-
Smithfield's Chicken 'N Bar-B-Q Restaurant
-
Carucci Chiropractic Center, LLC Physician Alternative Medicine Practice
-
SuperCharger Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.53M
Owner & transaction history
Bb 55 LLC · 7 yrs held
Bb 55 LLC
since 2018
4 recorded transactions
Zoning & alternative use
C2 · Belville, 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 Belville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,240,000
Current use
RETAIL STORES
$1,035,000
Change: -17% · Conversion: Easy
OFFICE BUILDING
$1,025,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
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
$336 / 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
Property tax & assessments
Assessed value
$2,418,370
Assessed 2023
Previous assessed
$1,717,130
+40.8% YoY
Assessed land
$926,210
Assessed improvement
$1,492,160
Land market value
$926,210
Improvement market value
$1,492,160
Total market value
$2,418,370
Applied tax rate
31.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
7
Total area
4,534 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C2
APN
470003803
UPID
US53-2219902
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Belville, NC
Zoning C2 · permitted uses
C2 · Belville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT Current
RETAIL STORES
OFFICE BUILDING
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.63 ac
Current owner
From public records · entity-resolved
Bb 55 LLC
Entity
Mailing address
PO BOX 1987, WILMINGTON, NC 28402-1987
Ownership since
2018
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
Jul 24, 2018
$5,230,000
Bb 55 LLC
Flamingo South LLC
Special Warranty Deed
$901,211 · Flamingo South LLC
Jan 21, 2010
—
Weingarten Nostat INC
Weingarten Hughes Waterford Ve
Quit Claim Deed
—
May 27, 2008
$1,031,500
Flamingo South LLC
Weingarten Of Hughes Waterford Ve
Grant Deed
$2,900,000 · Branch Banking & Trust Co
—
—
Flamingo South LLC
—
Deed Of Trust
related
$2,600,000 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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