Property profile

3404 Arendell St Morehead City, NC 28557

OFF-MARKET
Drive through restaurants
Property ID
US53-2853463
2,752 SF 0.53 ac lot Built 1976
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,752 SF
Lot 0.53 ac (22,869 SF)
Zoning code CH
APN 6376.19.52.0482000
UPID US53-2853463

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3404 Arendell St Morehead City, NC 28557
Morehead City metro Census 970401 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2012
6 recorded transactions
2012
Price N/A
2011
$575,000
2011
$575,000
2006
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

CH · Morehead City, NC
Zoning description

This district is intended to accommodate high-traffic commercial uses that serve motorists and businesses requiring visibility and access from major roadways.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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