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Property profile & analytics
OFF-MARKET
Strip malls
208 New Riv Dr, Surf City, NC 28445-6677
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-2351358
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
9,300 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C1
APN
4234-99-3959-0000
UPID
US53-2351358
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
-
Southern Emporium Home Decor Store Department Store
-
Topsail Island Popcorn (Bike/Boat/Book/etc) Store
-
Napoli Cafe Surf City Cafe & Coffee Shop
-
Inis Spa Alternative Medicine Practice Spa & Massage Center
-
Carolina Shores Natural Soap (Bike/Boat/Book/etc) Store Cosmetic Store
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
Joshua Tree Atlantic LLC · 12 yrs held
Joshua Tree Atlantic LLC
since 2013
4 recorded transactions
Zoning & alternative use
C1 · Surf City, 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 Surf City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surf City 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
Property tax & assessments
Assessed value
$694,319
Assessed 2023
Previous assessed
$694,319
+0.0% YoY
Assessed land
$318,750
Assessed improvement
$375,569
Land market value
$318,750
Improvement market value
$375,569
Total market value
$694,319
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
9,300 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C1
APN
4234-99-3959-0000
UPID
US53-2351358
Jurisdiction
PENDER
Zoning & alternative use
C1 · Surf City, NC
Zoning C1 · permitted uses
C1 · Surf City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surf City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Joshua Tree Atlantic LLC
Entity
Free & Clear · 12 yrs held
Mailing address
110 IS CT, SURF CITY, NC 28445-6892
Ownership since
2013
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 9, 2019
—
Joshua Tree Atlantic LLC
—
Deed
related
$175,000 · Coastal Bk&tr
Dec 18, 2013
—
Joshua Tree Atlantic LLC
Smith,sue M & Kent L
Warranty Deed
—
—
—
Joshua Tree Atlantic LLC
—
Deed Of Trust
related
$175,000 · Coastal Bk&tr
—
—
Sue M Smith
—
Deed Of Trust
related
$70,000 · William D & Lee H Pelon
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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