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Property profile & analytics
OFF-MARKET
Office buildings
304 35th St Morehead City, NC 28557-3106
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2923175
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
1,190 SF
Lot
0.12 ac (5,271 SF)
Zoning code
R10
APN
6376.14.43.8942000
UPID
US53-2923175
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
-
Harris Law Firm PLLC Law Firm
-
White & Allen, PA Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harvey Lorenzo Mudge III · 1 yrs held
Harvey Lorenzo Mudge III
since 2025
Last sale
$400,000
3 recorded transactions
Zoning & alternative use
R10 · Morehead City, NC
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$815
Tax year 2022
Assessed value
$242,332
Assessed 2024
Previous assessed
$242,332
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$66,833
Assessed improvement
$175,499
Land market value
$66,833
Improvement market value
$175,499
Total market value
$242,332
Applied tax rate
1,351.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1996
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,190 SF
Lot
0.12 ac (5,271 SF)
Zoning code
R10
APN
6376.14.43.8942000
UPID
US53-2923175
Jurisdiction
CARTERET
Zoning & alternative use
R10 · Morehead City, NC
Zoning R10 · permitted uses
R10 · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morehead City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Harvey Lorenzo Mudge III
Individual
Free & Clear · 1 yrs held
Mailing address
3301ST WHITE DRB, MOREHEAD CITY, NC 28557-3084
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$400,000
Harvey Lorenzo Mudge III
John M Harris
Warranty Deed
—
Apr 24, 2019
—
Vision Venture Holdings LLC
—
Deed
related
$99,500 · First Citizens Bk & Tr Co
—
—
Vision Venture Holdings LLC
—
Deed Of Trust
related
$99,500 · First Citizens Bk & Tr Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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