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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Office buildings
302 Croatan Hwy Kill Devil Hills, NC 27948-8893
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2998137
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
6,610 SF
Lot
0.85 ac (37,000 SF)
APN
4026000
UPID
US53-2998137
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
-
Joseph P. Brzuchalski, CPA Accounting Firm
-
Outerbanks Deck & Fence Construction Company General Contractor
-
United States Postal Service Post Office Logistics Service
-
Leitch Construction Inc Hardware & Home Improvement General Contractor
-
Crystal Blue Productions Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.57M
Owner & transaction history
Southern Postal Realty Holdings LLC · 4 yrs held
Southern Postal Realty Holdings LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+48.7%
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
$1,570,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,570,000
Current use
RESTAURANT
$2,330,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.51M (Oct 15 2021)
Last sale anchor
$1.51M
Oct 15 2021
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
$238 / 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
$8,749
Tax year 2024
Assessed value
$1,158,000
Assessed 2024
Previous assessed
$1,158,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$615,600
Assessed improvement
$542,400
Land market value
$615,600
Improvement market value
$542,400
Total market value
$1,158,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
6,610 SF
Lot
0.85 ac (37,000 SF)
APN
4026000
UPID
US53-2998137
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Southern Postal Realty Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
75 COLUMBIA AVE, CEDARHURST, NY 11516-2011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 15, 2021
$1,505,000
Southern Postal Realty Holdings LLC
Kdhpo LLC
Special Warranty Deed
—
Sep 10, 2019
—
Kdhpo LLC
—
Deed
related
$140,000 · Bank Of The James
Sep 12, 2013
—
Kdhpo LLC
Margaret Heller
Warranty Deed
—
Sep 12, 2013
$950,000
Kdhpo LLC
Margaret Heller
Special Warranty Deed
$950,000 · The First Bank & Trust Co
Oct 21, 2005
$1,075,000
Margaret Heller
Milton T Leary
Special 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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