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Property profile & analytics
OFF-MARKET
Medical Office Space
208 Professional Cir Morehead City, NC 28557-4302
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2869105
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
2,167 SF
Lot
0.53 ac (23,043 SF)
Zoning code
OP
APN
6376.14.43.4470000
UPID
US53-2869105
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
-
Wells Family Dentistry Dental Office
-
James Wells Dental Office
-
Juanita Bowen Dental Office
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
James M Wells JR · 1 yrs held
James M Wells JR
since 2024
Last sale
$155,000
1 recorded transaction
Zoning & alternative use
OP · Morehead City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to establish areas for professional and business offices serving as buffers between commercial/industrial and residential areas.
Zone name
Office And Professional District
General category
INDUSTRIAL
Zone area
182.45 ac
Source
Realmo
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,254
Tax year 2022
Assessed value
$375,592
Assessed 2024
Previous assessed
$375,592
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$196,749
Assessed improvement
$178,843
Land market value
$196,749
Improvement market value
$178,843
Total market value
$375,592
Applied tax rate
1,351.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Total area
2,167 SF
Lot
0.53 ac (23,043 SF)
Zoning code
OP
APN
6376.14.43.4470000
UPID
US53-2869105
Jurisdiction
CARTERET
Zoning & alternative use
OP · Morehead City, NCZoning OP · permitted uses
OP · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to establish areas for professional and business offices serving as buffers between commercial/industrial and residential areas.
Zone name
Office And Professional District
General category
INDUSTRIAL
Zone area
182.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
James M Wells JR
Individual
Free & Clear · 1 yrs held
Mailing address
1801 CHAMPION DR, MOREHEAD CITY, NC 28557-4713
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
James M Wells JR
James M Wells
Warranty Deed
related
—
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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