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Property profile & analytics
OFF-MARKET
Medical Office Space
3112 Arendell St Morehead City, NC 28557-3202
Individually Owned
Free & Clear
Property ID
US53-2675596
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,474 SF
Lot
0.08 ac (3,528 SF)
Zoning code
R5
APN
6376.19.72.0139000
UPID
US53-2675596
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
-
Pearce Periodontics Dental Office
-
Rubert Pearce Dental Office
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
RUBERT B PEARCE III
RUBERT B PEARCE III
Zoning & alternative use
R5 · Morehead City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to allow single-family dwellings at a density of up to eight units per acre on minimum 5000 square foot lots, while protecting the quiet residential character and preventing blight or slum conditions.
Zone name
Residential District
General category
RESIDENTIAL
Zone area
325.42 ac
Source
Realmo
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
$977
Tax year 2022
Assessed value
$291,571
Assessed 2024
Previous assessed
$291,571
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$102,120
Assessed improvement
$189,451
Land market value
$102,120
Improvement market value
$189,451
Total market value
$291,571
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,474 SF
Lot
0.08 ac (3,528 SF)
Zoning code
R5
APN
6376.19.72.0139000
UPID
US53-2675596
Jurisdiction
CARTERET
Zoning & alternative use
R5 · Morehead City, NCZoning R5 · permitted uses
R5 · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to allow single-family dwellings at a density of up to eight units per acre on minimum 5000 square foot lots, while protecting the quiet residential character and preventing blight or slum conditions.
Zone name
Residential District
General category
RESIDENTIAL
Zone area
325.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
RUBERT B PEARCE III
Individual
Free & Clear · 0 yrs held
Mailing address
3112 ARENDELL ST, MOREHEAD CITY, NC 28557-3202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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