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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
24 Cswy Dr Ocean Isle Beach, NC 28469-7504
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1611364
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Total area
3,478 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C2
APN
257DH01206
UPID
US53-1611364
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
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$710k
Owner & transaction history
Beach Road Properties LLC
Beach Road Properties LLC
since 2026
4 recorded transactions
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$855,000
+28.2%
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 Ocean Isle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Isle 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$665,000
Current use
RETAIL STORES
$855,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$605,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$565,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
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
$204 / 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
Property tax & assessments
Assessed value
$624,000
Assessed 2023
Previous assessed
$384,360
+62.3% YoY
Assessed land
$289,000
Assessed improvement
$335,000
Land market value
$289,000
Improvement market value
$335,000
Total market value
$624,000
Applied tax rate
12.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,478 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C2
APN
257DH01206
UPID
US53-1611364
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Ocean Isle Beach, NC
Zoning C2 · permitted uses
C2 · Ocean Isle Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Isle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$665,000
RETAIL STORES
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$565,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Beach Road Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1350 HICKMAN RD NW, CALABASH, NC 28467-1703
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
Apr 14, 2026
—
Beach Road Properties LLC
Sunset Mcclure LLC
Deed
—
Aug 3, 2007
—
R H Mcclure INC
R H Mcclure Design & Const INC
Quit Claim Deed
related
—
—
—
Rh Mcclure INC
—
Deed Of Trust
related
$1,000,000 · Security Savings Bank
—
—
R H Mcclure INC
—
Deed Of Trust
related
$1,000,000 · Coastal Federal Bank
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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