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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Gas stations
306 Lk Park N Blvd, Carolina Beach, NC 28428-4817
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2440308
Property summary
AI-generated overview
This exceptional 1,305-square-foot warehouse, situated on a 0.3-acre lot at 306 N Lake Park Boulevard in Carolina Beach, NC 28428, presents a unique investment opportunity. The property boasts a single-tenant occupancy and is categorized as both industrial and commercial. Its strategic location on the main strip of Carolina Beach offers unparalleled visibility and accessibility. The Highway Business zoning allows for a wide range of uses, making it suitable for various businesses. Potential uses include retail establishments, restaurants with bars, or office spaces. The free-standing building provides ample parking for customers and employees. Its proximity to the boardwalk and marina further enhances its appeal and potential for attracting a diverse clientele. The property's size and zoning make it a versatile option for entrepreneurs seeking a high-traffic location in a thriving coastal community. This is a rare opportunity to acquire a well-located commercial property in a desirable area with significant growth potential. The property is located in New Hanover County.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1957
Construction
WOOD FRAME
Total area
1,305 SF
Lot
0.26 ac (11,413 SF)
Zoning code
HB
APN
R08818-006-022-000
UPID
US53-2440308
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
-
JUAREZ AUTO REPAIR Auto Repair Shop
-
Ronoake rapids Condominium Complex
-
Pleasure Island Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Lake Park Investments LLC · 2 yrs held
Lake Park Investments LLC
since 2024
Last sale
$580,000
2 recorded transactions
Zoning & alternative use
HB · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$360,000
+63.7%
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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina Beach 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$360,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Feb 14 2024)
Last sale anchor
$580k
Feb 14 2024
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
$444 / 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
$3,486
Tax year 2023
Assessed value
$524,200
Assessed 2023
Previous assessed
$524,200
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$453,500
Assessed improvement
$70,700
Land market value
$453,500
Improvement market value
$70,700
Total market value
$524,200
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
1,305 SF
Lot
0.26 ac (11,413 SF)
Zoning code
HB
APN
R08818-006-022-000
UPID
US53-2440308
Jurisdiction
NEW HANOVER
Zoning & alternative use
HB · Carolina Beach, NC
Zoning HB · permitted uses
HB · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$360,000
COMMERCIAL (GENERAL)
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
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Lake Park Investments LLC
Entity
Mailing address
PO BOX 111, CAROLINA BEACH, NC 28428-0111
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2024
$580,000
Lake Park Investments LLC
Bigley LLC
Warranty Deed
$295,000 · Bigley LLC
—
—
Bigley LLC
—
Deed Of Trust
related
$108,564 · Barbara M Bigley
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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