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    Property profile & analytics

    2845 Hwy 24 Newport, NC 28570

    • Retail space
    • 13,080 SF
    • 2.45 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Location Intelligence
    Property ID
    US53-2803969
    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

    • Retail space

    Property Details for 2845 Hwy 24

    Year built
    1983
    Construction
    WOOD
    Lot size
    2.45 lot acres
    Property size
    13,080 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    6326.03.11.3485000
    APU
    632603113485000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.9315
    Latitude
    34.7255
    CBSA code
    33980
    CBSA name
    MOREHEAD CITY, 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
    2022
    $3,151
    $174,930
    $551,558
    $726,488
    -
    $174,930
    $551,558
    $726,488

    Comparable in this City

    • Value Estimation by Request
      2,664 SF

      234 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 2,664 SF
      234 Chatham St, Newport, NC 28570
      View Details
    • Value Estimation
      $480,000
      6,080 SF

      915 B Mclean Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,080 SF
      915 B Mclean Dr, Bogue, NC 28570
      View Details
    • Value Estimation
      $285,000
      5,696 SF

      228 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 5,696 SF
      228 Chatham St, Newport, NC 28570-8515
      View Details
    • Value Estimation
      $125,000
      1,321 SF

      136 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 1,321 SF
      136 Chatham St, Newport, NC 28570-7904
      View Details
    • Value Estimation
      $490,000
      9,301 SF

      980 Hwy 24

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      980 Hwy 24, Newport, NC 28570-8137
      View Details
    • Value Estimation
      $380,000
      4,251 SF

      5633 Hwy 70

      RETAIL STORES (PERSONAL SERVICES) • 4,251 SF
      5633 Hwy 70, Newport, NC 28570-7935
      View Details

    Similar Nearby for Sale

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      9,012 SF

      Dollar General Net Lease Investment

      Coastal NC retail property, strong tenant.
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      2,834 SF

      Prime Newport CVS Pharmacy Investment

      High-yield retail pharmacy, strong tenant.
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    • $125,000
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      Residential Lot in Gated Community

      Residential lot in gated community with many amenities.
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    • New
      $70,000
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      Residential Land in Newport, NC

      Cleared, surveyed lot with septic permit near Crystal Coast beaches.
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    • $400,000
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      Commercial Land with Highway Access

      High-visibility commercial land with water and sewer access in Newport.
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    2845 Hwy 24
    Newport, NC 28570
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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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