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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
378 Caratoke Hwy Moyock, NC 27958-8623
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-5828376
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
4,925 SF
Lot
0.76 ac (33,106 SF)
Zoning code
GB
APN
900000620000
UPID
US53-5828376
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
-
Berkshire Hathaway HomeServices RW Towne Realty Real Estate Agency
-
Kendall Ormsby: Loan Officer with RW Towne Mortgage Loan Service Bank
-
Kim Old Realtor Real Estate Agency
-
April Oliver, Realtor® Real Estate Agency
-
Autumn Dunn, REALTOR® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.01M
Owner & transaction history
Vrnc LLC · 6 yrs held
Vrnc LLC
since 2020
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
GB · Moyock, 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 Moyock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moyock 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
$1,040,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $800k (Apr 1 2020)
Last sale anchor
$800k
Apr 1 2020
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
$205 / 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
$3,238
Tax year 2023
Assessed value
$563,200
Assessed 2023
Previous assessed
$563,200
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$165,500
Assessed improvement
$397,700
Land market value
$165,500
Improvement market value
$397,700
Total market value
$563,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
4,925 SF
Lot
0.76 ac (33,106 SF)
Zoning code
GB
APN
900000620000
UPID
US53-5828376
Jurisdiction
CURRITUCK
Zoning & alternative use
GB · Moyock, NC
Zoning GB · permitted uses
GB · Moyock, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Moyock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$865,000
OFFICE BUILDING Current
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
2007
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Vrnc LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1877 GOVERNORS POINTE DR, SUFFOLK, VA 23436-1143
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
$800,000
Vrnc LLC
Cluny LLC
Warranty Deed
—
Feb 20, 2007
—
Cluny LLC
Innes B P & P M Living Trust
Warranty Deed
—
Jan 10, 2007
—
Cluny LLC
—
Trustees Deed
related
$300,000 · Branch Banking & Trust Co
—
—
Highland Properties INC
—
Deed Of Trust
related
$1,253,149 · Bank Of Currituck
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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