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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
221 Professional Cira Morehead City, NC 28557-4303
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2743232
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,187 SF
Lot
0.49 ac (21,257 SF)
APN
6376.14.43.4761000
UPID
US53-2743232
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
$700k
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$700k
Owner & transaction history
Maturani Properties LLC · 2 yrs held
Maturani Properties LLC
since 2024
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+59.2%
Retail stores
$915,000
+25.5%
Office building
$810,000
+10.9%
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
Method
Estimation
Statistic approach
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$730,000
Current use
RESTAURANT
$1,160,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$915,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jun 14 2024)
Last sale anchor
$700k
Jun 14 2024
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
$135 / 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
Tax billed
$2,579
Tax year 2022
Assessed value
$776,876
Assessed 2024
Previous assessed
$776,876
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$185,179
Assessed improvement
$591,697
Land market value
$185,179
Improvement market value
$591,697
Total market value
$776,876
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Bathrooms
4
Total area
5,187 SF
Lot
0.49 ac (21,257 SF)
APN
6376.14.43.4761000
UPID
US53-2743232
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$730,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING
Est. value
$810,000
MEDICAL BUILDING Current
RESTAURANT
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Maturani Properties LLC
Entity
Mailing address
221 PROFESSIONAL CIRA, MOREHEAD CITY, NC 28557-4303
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$700,000
Maturani Properties LLC
Davis Magnificent Seven Enterprises
Warranty Deed
$560,000 · First National Bank Of Pennsylvania
Feb 1, 2013
$690,000
Davis Magnificent Seven Ents
Carteret Cnty General Hosp Cor
Warranty Deed
$552,000 · Pnc Bank
Jan 31, 2013
$690,000
Magnificent Seven Enterp Davis
Carteret County General Hospital Corp
Grant Deed
—
Nov 24, 2009
$692,500
Cnty General Hosp Cor Carteret
Merrick Properties LLC
Warranty Deed
—
Jul 6, 2005
$625,000
Merrick Properties LLC
Franklin P Guthrie
Warranty Deed
$531,000 · First Citizens Bank & 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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