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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Turn key restaurants
2316 Croatan Hwy Nags Head, NC 27959-9012
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-3346659
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1981
Total area
19,872 SF
Lot
4.15 ac (180,600 SF)
APN
12376000
UPID
US53-3346659
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
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$3.76M
Owner & transaction history
The Outer Banks Hospital Medical Of
The Outer Banks Hospital Medical Of
since 2026
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
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 Nags Head submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nags Head 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
$2,725,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $4.40M (Jan 8 2026)
Last sale anchor
$4.40M
Jan 8 2026
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
$189 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,735
Tax year 2024
Assessed value
$3,112,200
Assessed 2024
Previous assessed
$3,112,200
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,570,000
Assessed improvement
$1,542,200
Land market value
$1,570,000
Improvement market value
$1,542,200
Total market value
$3,112,200
Applied tax rate
14.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1981
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
19,872 SF
Lot
4.15 ac (180,600 SF)
APN
12376000
UPID
US53-3346659
Jurisdiction
DARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
4
Lot
4.15 ac
Current owner
From public records · entity-resolved
The Outer Banks Hospital Medical Of
Individual
Free & Clear · 0 yrs held
Mailing address
4300 S US HWY 1ST STE #203, JUPITER, FL 33477-1196
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 8, 2026
$4,400,000
The Outer Banks Hospital Medical Of
Nags Head 99 LLC
Deed
—
Feb 9, 2022
$2,000,000
Nags Head 99 LLC
Lidl Us Operations LLC
Special Warranty Deed
—
Dec 1, 2017
$3,900,000
Lidl Us Operations LLC
Conch Street Endeavors INC
Warranty Deed
—
Apr 2, 2015
—
Michael W Kelly
Michael W Kelly And Associates LP
Warranty Deed
$950,000 · Townebank
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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