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Property profile & analytics
OFF-MARKET
Estimated value
$10,975,000
Office buildings
2511 Queen St, Kinston, NC 28501-1632
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2808779
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
7,428 SF
Lot
0.53 ac (23,087 SF)
Zoning code
OI
APN
452614347302
UPID
US53-2808779
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
-
Wright Walter L MD Physician
-
Albemarle Eye Center - Kinston Physician
-
Albemarle Eye Center: Katie Hickman, O.D. Physician
-
Albemarle Eye Center: Luke Hickman PA-C Physician
-
Katie Hickman, OD - Precision Eye Care Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.98M
Owner & transaction history
Nc Queen Street Jv LLC · 3 yrs held
Nc Queen Street Jv LLC
since 2022
Last sale
$11.2M
4 recorded transactions
Zoning & alternative use
OI · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
$12,155,000
ML approach
$9,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.98M
Range $9.88M – $12.07M · ±10% · vs last sale $11.20M (Oct 14 2022)
Last sale anchor
$11.20M
Oct 14 2022
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
$1,478 / 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
$5,880
Tax year 2024
Assessed value
$364,107
Assessed 2024
Previous assessed
$364,107
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$75,000
Assessed improvement
$289,107
Land market value
$75,000
Improvement market value
$289,107
Total market value
$364,107
Applied tax rate
156.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
2
Rooms
10
Total area
7,428 SF
Lot
0.53 ac (23,087 SF)
Zoning code
OI
APN
452614347302
UPID
US53-2808779
Jurisdiction
LENOIR
Zoning & alternative use
OI · Kinston, NC
Zoning OI · permitted uses
OI · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
10
Lot
0.53 ac
Current owner
From public records · entity-resolved
Nc Queen Street Jv LLC
Entity
Mailing address
2511 N QUEEN ST, KINSTON, NC 28501-1632
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Oct 14, 2022
$11,200,000
Nc Queen Street Jv LLC
Sg Kinston Mob LLC
Special Warranty Deed
$7,840,000 · South State Bank NA
Mar 3, 2021
$7,950,000
Sg Kinston Mob LLC
Kinston Clinic Holdings LLC
Special Warranty Deed
$6,360,000 · South State Bank National Associati
Jan 3, 2020
$190,000
Kinston Clinic Holdings LLC
Consultants Realty Associates
Grant Deed
—
—
—
Consultants Realty Associates
—
Deed Of Trust
related
$305,000 · 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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