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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Strip malls
2606 Croatan Hwy, Kill Devil Hills, NC 27948-9540
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3094021
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
3,840 SF
Lot
0.44 ac (19,000 SF)
APN
28426001
UPID
US53-3094021
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
-
OBX Winery and Hop 'N Grapes OBX Brewery & Distillery Specialty Food Shop
-
OBX Tortilleria Panaderia y Taqueria Restaurant
-
Wisdom Within Life Coach Hypnotherapy Service
-
Oasis Day Spa & Salon Corporate Office
-
Dean Agency Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Joaquin Hernandez Salazar · 1 yrs held
Joaquin Hernandez Salazar
since 2025
Last sale
$945,000
5 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
$895,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $945k (Feb 5 2025)
Last sale anchor
$945k
Feb 5 2025
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
$237 / 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
$65
Tax year 2024
Assessed value
$621,400
Assessed 2024
Previous assessed
$621,400
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$351,000
Assessed improvement
$270,400
Land market value
$351,000
Improvement market value
$270,400
Total market value
$621,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
3,840 SF
Lot
0.44 ac (19,000 SF)
APN
28426001
UPID
US53-3094021
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Joaquin Hernandez Salazar
Individual
Free & Clear · 1 yrs held
Mailing address
3928 N CROATAN HWY, KITTY HAWK, NC 27949-4198
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
$945,000
Joaquin Hernandez Salazar
Itchka LLC
Deed
related
—
Jan 17, 2012
$575,000
Itchka LLC
Edward J Douglass
Deed
$500,000 · Edward J Douglass Etux
Dec 29, 2011
$503,106
Edward J Douglass
James Lee Snyder
Trustees Deed
related
—
Feb 14, 2005
—
J & M Snyder LLC
James Lee Snyder
Warranty Deed
—
Jan 7, 2005
$50,000
James Lee Snyder
Alvin G Dickerson
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.
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