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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Retail space
401 Knotts Is Rd, Knotts Island, NC 27950-9603
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1567367
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
9,366 SF
Lot
1.42 ac (61,855 SF)
Zoning code
GB
APN
0076000102F0000
UPID
US53-1567367
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.65M
Owner & transaction history
Agree LP · 5 yrs held
Agree LP
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GB · Knotts Island, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+14.1%
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 Knotts Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knotts Island 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
$1,780,000
ML approach
$1,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,775,000
Current use
COMMERCIAL (GENERAL)
$2,020,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.62M (Aug 24 2020)
Last sale anchor
$1.62M
Aug 24 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
$176 / 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
$5,081
Tax year 2023
Assessed value
$819,500
Assessed 2023
Previous assessed
$819,500
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$121,000
Assessed improvement
$698,500
Land market value
$121,000
Improvement market value
$698,500
Total market value
$819,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Units
1
Total area
9,366 SF
Lot
1.42 ac (61,855 SF)
Zoning code
GB
APN
0076000102F0000
UPID
US53-1567367
Jurisdiction
CURRITUCK
Zoning & alternative use
GB · Knotts Island, NC
Zoning GB · permitted uses
GB · Knotts Island, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Knotts Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES 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
2019
Heating
NONE
Stories
1
Units
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Agree LP
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$1,621,500
Agree LP
Vanguard Ventures LLC
Grant Deed
—
Dec 30, 2019
—
Vanguard Ventures LLC
—
Deed
related
$14,405,000 · Horizon Bank
Feb 1, 2019
—
Vanguard Ventures LLC
—
Deed
related
$1,157,515 · Paragon Bk
Jan 7, 2019
$225,000
Vanguard Ventures LLC
Anthony E Nekervis
Warranty Deed
$1,166,096 · Paragon Bank
Jul 20, 2016
—
Anthony E Nekervis
—
Deed
related
$40,000 · Albermarle Commission
Dec 29, 2015
$205,000
Anthony E Nekervis
David B Dennis
Warranty Deed
—
—
—
Vanguard Ventures LLC
—
Loan Modification
related
$1,157,515 · Paragon Bk
—
—
Anthony E Nekervis
—
Deed Of Trust
related
$40,000 · Albermarle Commission
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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