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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Commercial real estate
2929 Blue Clay Rd, Castle Hayne, NC 28429-6203
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5837498
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
1,800 SF
Lot
3.01 ac (131,116 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R03312-003-033-000
UPID
US53-5837498
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
-
Moore Transportation Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$720k
Owner & transaction history
Caribbean Pools & Spas INC · 1 yrs held
Caribbean Pools & Spas INC
since 2025
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+48.0%
Retail stores
$575,000
+41.9%
Auto repair, garage
$575,000
+41.6%
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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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
$750,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Change: +48% · Conversion: Easy
RETAIL STORES
$575,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $700k (Apr 1 2025)
Last sale anchor
$700k
Apr 1 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
$400 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,337
Tax year 2023
Assessed value
$317,700
Assessed 2023
Previous assessed
$317,700
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$188,400
Assessed improvement
$129,300
Land market value
$188,400
Improvement market value
$129,300
Total market value
$317,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,800 SF
Lot
3.01 ac (131,116 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R03312-003-033-000
UPID
US53-5837498
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Zoning I-2,INDUSTRIAL DISTRICT · permitted uses
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$575,000
MEDICAL BUILDING
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$460,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Caribbean Pools & Spas INC
Entity
Mailing address
2929 BLUE CLAY RD, CASTLE HAYNE, NC 28429-6203
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 1, 2025
$700,000
Caribbean Pools & Spas INC
Moore Transportation INC
Special Warranty Deed
$200,000 · Moore Transportation INC
Aug 9, 2023
—
Moore Transportation INC
—
Deed
related
$305,000 · United Bank
Feb 21, 2017
—
Moore Transporatation In
—
Deed
related
$252,875 · First South Bk
Dec 30, 2005
$225,000
Moore Transportation INC
Hainline Trust
Warranty Deed
$200,000 · Suntrust Bank NA
—
—
Moore Transporatation In
—
Deed Of Trust
related
$252,875 · First South Bk
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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