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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Residential income homes
205 Harper Ave, Carolina Beach, NC 28428-4918
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0173256
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1951
Construction
CONCRETE
Total area
3,844 SF
Lot
0.16 ac (6,795 SF)
Zoning code
MX
APN
R09006-012-012-000
UPID
US53-0173256
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
-
Carolina Beach Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.93M
Owner & transaction history
Carolina Beach Inn LLC · 4 yrs held
Carolina Beach Inn LLC
since 2022
Last sale
$1.9M
7 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
$2,220,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.85M (May 12 2022)
Last sale anchor
$1.85M
May 12 2022
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
$502 / 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
Assessed value
$446,000
Assessed 2023
Previous assessed
$446,000
+0.0% YoY
Assessed land
$210,900
Assessed improvement
$235,100
Land market value
$210,900
Improvement market value
$235,100
Total market value
$446,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
3,844 SF
Lot
0.16 ac (6,795 SF)
Zoning code
MX
APN
R09006-012-012-000
UPID
US53-0173256
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
1951
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Carolina Beach Inn LLC
Entity
Mailing address
38 MANCHESTER RD, CHARLESTON, SC 29407-3313
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
$1,850,000
Carolina Beach Inn LLC
Td Enterprisescom LLC
Special Warranty Deed
$1,480,000 · Coastal Carolina National Bank
Feb 5, 2018
—
Td Ents Com LLC
—
Deed
related
$575,000 · Corning FCU
Oct 4, 2013
$575,000
Td Ents Com LLC
Pierce,david W
Warranty Deed
$555,000 · David W Pierce
Dec 18, 2012
—
David W Pierce
Stalnaker,tina
Warranty Deed
related
—
Dec 20, 2011
—
Tina F Stalnaker
—
Trustees Deed
related
$41,016 · David W Pierce
Jun 12, 2006
$450,000
Tina Stalnaker
Pierce,david W
Warranty Deed
$440,000 · David W Pierce
May 26, 2006
—
David W Pierce
Pierce,leann
Quit Claim Deed
related
$177,000 · Suntrust Bank NA
—
—
Td Ents Com LLC
—
Deed Of Trust
related
$575,000 · Corning FCU
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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