New search
Property profile & analytics
OFF-MARKET
Day care centers
246 Chatham St, Newport, NC 28570-8515
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2573463
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,256 SF
Lot
0.39 ac (17,032 SF)
Zoning code
CD
APN
6348.10.25.5977000
UPID
US53-2573463
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
-
Cox Family Ice Cream Grocery & Convenience Store Specialty Food Shop
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
Andrew Ray Cox · 4 yrs held
Andrew Ray Cox
since 2021
Last sale
$120,000
7 recorded transactions
Zoning & alternative use
CD · Newport, 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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
$582
Tax year 2022
Assessed value
$171,731
Assessed 2024
Previous assessed
$171,731
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$24,759
Assessed improvement
$146,972
Land market value
$24,759
Improvement market value
$146,972
Total market value
$171,731
Applied tax rate
1,460.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
3
Total area
2,256 SF
Lot
0.39 ac (17,032 SF)
Zoning code
CD
APN
6348.10.25.5977000
UPID
US53-2573463
Jurisdiction
CARTERET
Zoning & alternative use
CD · Newport, NC
Zoning CD · permitted uses
CD · Newport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Andrew Ray Cox
Individual
Free & Clear · 4 yrs held
Mailing address
2116 S LAKEVIEW DR, NEWPORT, NC 28570-8537
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$120,000
Andrew Ray Cox
Curtis Anthony Sheaffer
Warranty Deed
—
May 9, 2019
$105,000
Curtis Sheaffer
Wells,ray H
Warranty Deed
$95,000 · Ray Wells
Feb 9, 2018
—
Ray H Wells
Travis,richard JR & Marie M
Deed In Lieu Of Foreclosure
—
May 25, 2011
$150,000
Travis Richard JR.
Wells,ray H
Grant Deed
$140,000 · Wells Ray H
May 10, 2011
—
Ray H Wells
Wells Ray H & Thelma L It
Quit Claim Deed
related
—
May 9, 2011
—
Ray H Wells
Smith Larry D & Lambert Jane C Tr
Grant Deed
related
—
Feb 1, 2011
—
Wells,ray H & Thelma L Trust
Wells,ray H & Thelma L
Quit Claim Deed
related
—
Jan 25, 2011
—
Wells,ray H & Thelma L Trust
Wells,ray H & Thelma L
Quit Claim Deed
related
—
Jan 21, 2011
—
Ray H Wells
Wells Living Trust
Quit Claim Deed
related
—
Jan 4, 2011
—
Wells Ray H & Thelma L Co Trus
Wells,ray H
Quit Claim Deed
related
—
Dec 28, 2010
—
Wells Ray H
Wells,ray H
Quit Claim Deed
related
—
Nov 4, 2010
—
Ray H Wells
Wells Ray H & Thelma Lambe
Quit Claim Deed
related
—
Jun 16, 2005
—
Wells Trust
Wells,ray H & Thelma L
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 246 Chatham St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
