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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Office buildings
2503 Croatan Hwy Kill Devil Hills, NC 27948-8828
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-2566026
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
6,760 SF
Lot
0.62 ac (27,000 SF)
APN
444000
UPID
US53-2566026
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
-
Kasey Sells OBX @ Coldwell Banker Seaside Realty Real Estate Agency
-
CRYSTAL CLARK, COLDWELL BANKER SEASIDE REALTY OUTER BANKS Luxury Oceanfront vacation homes Real Estate Agency
-
Joanna Harrington Real Estate Agency
-
Jason Fant | Outer Banks Real Estate Agent | JasonSellsOBX | Coldwell Banker Seaside Realty Real Estate Agency
-
Sue Perry Coldwell Banker Seaside Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$1.06M
Owner & transaction history
Kdh At Five & Three Quarters LLC · 14 yrs held
Kdh At Five & Three Quarters LLC
since 2011
7 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 Kill Devil Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kill Devil Hills 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%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,605,000
Current use
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$156 / 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
$8,070
Tax year 2024
Assessed value
$1,068,100
Assessed 2024
Previous assessed
$1,068,100
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$507,600
Assessed improvement
$560,500
Land market value
$507,600
Improvement market value
$560,500
Total market value
$1,068,100
Applied tax rate
7.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
7
Total area
6,760 SF
Lot
0.62 ac (27,000 SF)
APN
444000
UPID
US53-2566026
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
OFFICE BUILDING Current
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
7
Lot
0.62 ac
Current owner
From public records · entity-resolved
Kdh At Five & Three Quarters LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2503 N CROATAN HWY, KILL DEVIL HILLS, NC 27948-8828
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
Kdh At 5&3 Quarters LLC
—
Deed
related
$807,000 · Towne Bank
Mar 7, 2017
—
Kdh At Five And Three Quarters LLC
—
Deed
related
$745,000 · Southern Bank & Trust Co
Oct 28, 2011
$500,000
Kdh At Five & Three Quarters LLC
Rbc Bank USA
Deed
—
May 11, 2011
$630,000
Rbc Bank USA
John R Stubbings
Trustees Deed
related
—
Mar 11, 2011
—
John Stubbings
2503 Croatan LLC
Deed
—
Sep 13, 2006
—
2503 Croatan LLC
John R Stubbings
Gift Deed
related
—
Dec 13, 2005
$651,608
John R Stubbings
Douglas E Duval
Warranty Deed
—
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
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