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    Property profile & analytics

    2805 Croatan Hwy Nags Head, NC 27959-9025

    • Investment properties
    • 1,932 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $1,080,000
    Last Sale
    Jun 23, 2022
    $875,000
    Location Intelligence
    Property ID
    US53-2985023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Spot / Açaí Shop / Coffee Shop

    Property Details for 2805 Croatan Hwy

    Year built
    2000
    Lot size
    0.70 lot acres
    Property size
    1,932 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5975000
    APU
    5975000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $900,000
      6.5%
      $935,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $895,000
      Geo Method
      $1,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,120,000
      Retail
      $1,135,000
      Mixed-Use
      $880,000
      Hospitality
      $1,125,000
      Educational
      $1,195,000
      Residential Income
      $900,000
      Energy
      $890,000
      Income-Based Land
      $1,170,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Nags Head
    County
    Dare
    State
    North Carolina
    Longitude
    -75.6416
    Latitude
    35.98
    CBSA code
    28620
    CBSA name
    KILL DEVIL HILLS, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,392
    $500,000
    $213,900
    $713,900
    -
    $500,000
    $213,900
    $713,900

    Comparable in this City

    • Value Estimation
      $365,000
      3,192 SF

      301 Driftwood St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,192 SF
      301 Driftwood St, Nags Head, NC 27959-9174
      View Details
    • Value Estimation
      $600,000
      2,976 SF

      2600 Virginia Dare Trl

      OFFICE/RESIDENTIAL (MIXED USE) • 2,976 SF
      2600 Virginia Dare Trl, Nags Head, NC 27959-9250
      View Details
    • Value Estimation
      $360,000
      3,579 SF

      206 Gallery Row

      OFFICE/RESIDENTIAL (MIXED USE) • 3,579 SF
      206 Gallery Row, Nags Head, NC 27959-9593
      View Details
    • Value Estimation
      $520,000
      4,301 SF

      2512 Virginia Dare Trl

      OFFICE/RESIDENTIAL (MIXED USE) • 4,301 SF
      2512 Virginia Dare Trl, Nags Head, NC 27959-9248
      View Details
    • Value Estimation
      $4,010,000
      3,388 SF

      6607 Virginia Dare Trl

      OFFICE/RESIDENTIAL (MIXED USE) • 3,388 SF
      6607 Virginia Dare Trl, Nags Head, NC 27959-9117
      View Details
    • Value Estimation
      $1,220,000
      5,320 SF

      300 Driftwood St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,320 SF
      300 Driftwood St, Nags Head, NC 27959-9173
      View Details

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      Vacant Lot in Nags Head

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      Spacious homesite near Jockey's Ridge, Outer Banks. Build your dream home.
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      Approved Cottage Court Development Opportunity

      Approved cottage court development opportunity in Nags Head, North Carolina.
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      High-Visibility Commercial Lot, Nags Head

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    Nags Head, NC 27959-9025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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