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Property profile & analytics
OFF-MARKET
Office buildings
305 Rd St, Elizabeth City, NC 27909-4786
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-4493399
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
TYPE NOT SPECIFIED
Lot
0.29 ac (12,415 SF)
Zoning code
CB
APN
891308787942
UPID
US53-4493399
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Simpson Group II INC · 2 yrs held
The Simpson Group II INC
since 2023
Last sale
$275,000
5 recorded transactions
Zoning & alternative use
CB · Elizabeth 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth 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 2023Property tax & assessments
Tax year 2023
Assessed value
$422,100
Assessed 2023
Previous assessed
$422,100
+0.0% YoY
Land market value
$135,200
Improvement market value
$286,900
Total market value
$422,100
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
1960
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
CENTRAL
Lot
0.29 ac (12,415 SF)
Zoning code
CB
APN
891308787942
UPID
US53-4493399
Jurisdiction
PASQUOTANK
Zoning & alternative use
CB · Elizabeth City, NC
Zoning CB · permitted uses
CB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabeth City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
Yes
Lot
0.29 ac
Current owner
From public records · entity-resolved
The Simpson Group II INC
Entity
Mailing address
1290 HALSTEAD BLVD, ELIZABETH CITY, NC 27909-5840
Ownership since
2023
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
Jul 21, 2025
—
Simpson Group II INC
—
Deed
related
$90,000 · Christopher R Small
Aug 4, 2023
—
The Simpson Group II INC
Raleigh Community And Economic Dev
Quit Claim Deed
related
$300,000 · Equitymax INC
Apr 1, 2022
$275,000
Releigh Community And Econominc Dev
West Virgini Real Estate Group LLC
Warranty Deed
$85,000 · Equitymax INC
Mar 15, 2021
—
West Virginia Real Estate Group LLC
—
Deed
related
$280,000 · Ronald George Vance
Aug 28, 2017
—
West Virginia Real Estate Group LLC
305 South Road Street LLC
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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