New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Motels
323 Salter Path Rd, Pine Knoll Shores, NC 28512-6123
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-2537409
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
WOOD
Total area
20,314 SF
Lot
3.8 ac (165,528 SF)
Zoning code
C2
APN
6355.18.30.5579000
UPID
US53-2537409
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
$1.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
Whaler Inn Owners Assn · 5 yrs held
Whaler Inn Owners Assn
since 2021
7 recorded transactions
Zoning & alternative use
C2 · Pine Knoll Shores, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+16.7%
Restaurant
$2.1M
+2.5%
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 Pine Knoll Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Knoll Shores 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%
$2,125,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,070,000
Current use
RETAIL STORES
$2,415,000
Change: +17% · Conversion: Difficult
RESTAURANT
$2,120,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,945,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,935,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±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
$92 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,073
Tax year 2022
Assessed value
$7,593,201
Assessed 2024
Previous assessed
$7,593,201
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$4,040,000
Assessed improvement
$3,553,201
Land market value
$4,040,000
Improvement market value
$3,553,201
Total market value
$7,593,201
Applied tax rate
1,353.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
76
Total area
20,314 SF
Lot
3.8 ac (165,528 SF)
Zoning code
C2
APN
6355.18.30.5579000
UPID
US53-2537409
Jurisdiction
CARTERET
Zoning & alternative use
C2 · Pine Knoll Shores, NC
Zoning C2 · permitted uses
C2 · Pine Knoll Shores, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine Knoll Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
HOTEL/MOTEL Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
76
Lot
3.8 ac
Current owner
From public records · entity-resolved
Whaler Inn Owners Assn
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 220, ATLANTIC BEACH, NC 28512-0220
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
53 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$500
Whaler Inn Owners Assn
Alisa C Coble
Quit Claim Deed
related
—
Nov 6, 2020
—
Whaler Inn Owners Assn
Karl A Niedermeier
Quit Claim Deed
related
—
Nov 3, 2020
—
Whaler Inn Owners Assn
Gregory J Blasiman
Quit Claim Deed
related
—
Oct 2, 2020
$500
Whaler Inn Owners Assn
Michael N Tuscany
Quit Claim Deed
related
—
Sep 28, 2020
$500
Whaler Inn Owners Assn
Durward E King
Quit Claim Deed
related
—
Sep 21, 2020
$500
Whaler Inn Owners Assn
Yale I Fagan
Quit Claim Deed
related
—
Aug 10, 2020
$500
Steven Prough
Hollis A Walker
Warranty Deed
related
—
Jul 23, 2020
—
Whaler Inn Owners Assn
Sara M Martin
Quit Claim Deed
related
—
Jul 20, 2020
$500
Alex Cheek
Whaler Inn Owners Assn
Warranty Deed
related
—
Jul 9, 2020
—
Whaler Inn Owners Assn
Edwin H JR
Quit Claim Deed
related
—
Jul 9, 2020
$500
Whaler Inn Owners Assn
Edwin H JR
Quit Claim Deed
related
—
Jun 5, 2020
$500
Whaler Inn Owners Assn
C Jeanne White
Quit Claim Deed
related
—
Mar 13, 2020
$500
Whaler Inn Owners Assn
Nancy J Stewart
Quit Claim Deed
related
—
Mar 12, 2020
—
Whaler Inn Owners Assn
Edwin W Musgrave
Quit Claim Deed
related
—
Feb 24, 2020
$500
Whaler Inn Owners Assn
Alexander G II
Quit Claim Deed
related
—
Feb 13, 2020
$500
Whaler Inn Owners Assn
Todd Plummer
Quit Claim Deed
related
—
Feb 7, 2020
—
Whaler Inn Owners Assn
Nuel K Schneider
Quit Claim Deed
related
—
Jan 30, 2020
$500
Whaler Inn Owners Assn
Rosella B Vance
Quit Claim Deed
related
—
Jan 27, 2020
$500
Whaler Inn Owners Assn
Thelma Lawson
Quit Claim Deed
related
—
Jan 9, 2020
—
Whaler Inn Owners Assn
Joanne Pipitone
Quit Claim Deed
related
—
Jan 9, 2020
$500
Whaler Inn Owners Assn
Joanne Pipitone
Quit Claim Deed
related
—
Dec 16, 2019
$500
Whaler Inn Owners Assn
Jeffrey A Pifer
Quit Claim Deed
related
—
Dec 13, 2019
$500
Whaler Inn Owners Assn
Daniel E Harrison
Quit Claim Deed
related
—
Dec 9, 2019
$500
Whaler Inn Owners Assn
Joanna P Gilmore
Quit Claim Deed
related
—
Oct 25, 2019
$500
Whaler Inn Owners Assn
Shirley Laughlin
Quit Claim Deed
related
—
Aug 19, 2019
$500
Whaler Inn Owners Assn
Bryce,sylvester C & Robbin D
Quit Claim Deed
related
—
Aug 12, 2019
$500
Whaler Inn Owners Assn
Riddle,mae
Quit Claim Deed
related
—
Mar 25, 2019
$500
Robert L Reece
Whaler Inn Owners Assn
Warranty Deed
related
—
Mar 14, 2019
$500
Timothy Smith
Larin,helene M
Warranty Deed
related
—
Feb 1, 2019
$500
Whaler Inn Owners Associaion
Campbell,helen V
Quit Claim Deed
related
—
Jan 14, 2019
$500
Whaler Inn Owners Assn
Davis,deborah H
Quit Claim Deed
related
—
Nov 29, 2018
$4,500
Daniel Hanlon
Eldredge,frederick R & Linda S
Warranty Deed
—
Nov 5, 2018
$500
Sally J Manning
Manning,martin W & Sally J
Warranty Deed
related
—
Aug 27, 2018
$500
Michael H Morgan
Morgan Henry G
Warranty Deed
related
—
Aug 23, 2018
$500
Heather R Frazier
Frazier William R
Warranty Deed
related
—
Aug 6, 2018
$2,200
Bart Allen
Evans,janice M
Warranty Deed
related
—
Aug 2, 2018
$3,800
Stuart Shaw
Pigford Mary P
Warranty Deed
—
Aug 2, 2018
$500
Whaler Inn Owners Assn
Turnage,gracene B
Quit Claim Deed
related
—
Jul 30, 2018
$500
Daniel B Reid
Reid,william A
Warranty Deed
related
—
Jul 26, 2018
$500
Whaler Inn Owners Assn
Allred Deborah W L/tr
Quit Claim Deed
related
—
Jul 23, 2018
$500
Lynna Wier-coward
Harrell James E SR
Warranty Deed
related
—
Jul 20, 2018
$4,000
Durwood K Reid
Herrington,jimmy R & Arnetta W
Warranty Deed
—
Jul 19, 2018
$1,500
Kimberly M Oliver
Ellingsworth,sherry Y
Warranty Deed
related
—
Jul 12, 2018
$500
Whaler Inn Owners Assn
Childress,beverly L & Mary V
Quit Claim Deed
related
—
Jun 25, 2018
$1,000
Joe C Gong III
Whaler Inn Owners Assn
Warranty Deed
related
—
Jun 18, 2018
—
Whaler Inn Owners Assn
Siepak,mitchell S & Julia R
Quit Claim Deed
related
—
Jun 7, 2018
—
Whaler Inn Owners Assn
Arnold Family Trust
Quit Claim Deed
related
—
Jun 1, 2018
—
William L Little
Little,william L
Quit Claim Deed
related
—
Jun 1, 2018
$500
William L Little
Little,william L
Warranty Deed
related
—
Jan 26, 2012
$500
Whaler Inn Owners Assn
Owen,catherine H S
Quit Claim Deed
related
—
Jan 3, 2011
$500
Whaler Inn Owners Assn
Godumski,margaret J
Quit Claim Deed
related
—
Dec 10, 2009
—
Whaler Inn Owners Assn
Gill,cynthia J
Quit Claim Deed
related
—
Dec 16, 2005
—
Michael Harrington
Harrington,stanley & Linda
Quit Claim Deed
related
—
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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