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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Bed & breakfasts
305 Fernando St, Manteo, NC 27954-9128
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2938936
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1920
Total area
8,341 SF
Lot
0.62 ac (27,000 SF)
APN
24831000
UPID
US53-2938936
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$865k
Owner & transaction history
Roanoke Island Inn LLC · 8 yrs held
Roanoke Island Inn LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+73.5%
Office building
$1.3M
+56.9%
Restaurant
$1.0M
+25.4%
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 Manteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manteo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$820,000
Current use
COMMERCIAL (GENERAL)
$1,420,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +57% · Conversion: Difficult
RESTAURANT
$1,025,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$890,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
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
$104 / 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
$11,346
Tax year 2024
Assessed value
$1,520,900
Assessed 2024
Previous assessed
$1,520,900
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$756,000
Assessed improvement
$764,900
Land market value
$756,000
Improvement market value
$764,900
Total market value
$1,520,900
Applied tax rate
10.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
8
Total area
8,341 SF
Lot
0.62 ac (27,000 SF)
APN
24831000
UPID
US53-2938936
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
HOTEL/MOTEL Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
8
Lot
0.62 ac
Current owner
From public records · entity-resolved
Roanoke Island Inn LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 1359, MANTEO, NC 27954-1359
Ownership since
2017
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
Dec 18, 2024
—
Roanoke Island Inn LLC
—
Deed
related
$1,450,000 · United Bank
Dec 13, 2017
—
Roanoke Island Inn LLC
William M Parker
Warranty Deed
—
Nov 30, 2017
$1,405,000
Roanoke Island Inn LLC
John F Wilson
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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