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Property profile & analytics
OFF-MARKET
Drive through restaurants
4050 Vernon Ave, Kinston, NC 28504-9675
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2553489
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2017
Total area
3,564 SF
Lot
4.36 ac (189,922 SF)
Zoning code
B1
APN
450503427867
UPID
US53-2553489
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
-
Planet Fitness Gym & Fitness Center
-
Cook Out Restaurant
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
Summerland Holdings LLC · 3 yrs held
Summerland Holdings LLC
since 2022
5 recorded transactions
Zoning & alternative use
B1 · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,957
Tax year 2024
Assessed value
$1,111,912
Assessed 2024
Previous assessed
$1,111,912
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$352,500
Assessed improvement
$759,412
Land market value
$352,500
Improvement market value
$759,412
Total market value
$1,111,912
Applied tax rate
156.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Rooms
1
Total area
3,564 SF
Lot
4.36 ac (189,922 SF)
Zoning code
B1
APN
450503427867
UPID
US53-2553489
Jurisdiction
LENOIR
Zoning & alternative use
B1 · Kinston, NC
Zoning B1 · permitted uses
B1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Summerland Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 698, THOMASVILLE, NC 27361-0698
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
Summerland Holdings LLC
—
Deed
related
$1,700,000 · Dogwood State Bank
Jul 19, 2022
$2,650,000
Summerland Holdings LLC
Lidl Us Operations LLC
Special Warranty Deed
—
Jul 19, 2022
—
Summerland Holdings LLC
—
Deed
related
$2,307,750 · Dogwood State Bank
Aug 11, 2017
$725,000
Cook Out-kinston INC
Sheffield Dr Investors LLC
Grant Deed
—
Oct 9, 2015
—
Sheffield Dr Investors LLC
Nissan Motor Acceptance Corporation
Special Warranty Deed
—
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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