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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Hotels
410 Carolina Bch N Ave, Carolina Beach, NC 28428
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1357854
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1980
Construction
WOOD FRAME
Total area
5,096 SF
Lot
0.29 ac (12,502 SF)
Zoning code
T-1,TOURIST
APN
R08819-007-005-000
UPID
US53-1357854
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
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.95M
Owner & transaction history
Beach House Partners LLC · 5 yrs held
Beach House Partners LLC
since 2021
Last sale
$2.8M
1 recorded transaction
Zoning & alternative use
T-1,TOURIST · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.4M
+40.8%
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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina Beach 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
$3,310,000
ML approach
$3,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,115,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,390,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±10% · vs last sale $2.75M (Apr 29 2021)
Last sale anchor
$2.75M
Apr 29 2021
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
$578 / 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
Assessed value
$1,577,100
Assessed 2023
Previous assessed
$1,577,100
+0.0% YoY
Assessed land
$1,119,300
Assessed improvement
$457,800
Land market value
$1,119,300
Improvement market value
$457,800
Total market value
$1,577,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
22
Total area
5,096 SF
Lot
0.29 ac (12,502 SF)
Zoning code
T-1,TOURIST
APN
R08819-007-005-000
UPID
US53-1357854
Jurisdiction
NEW HANOVER
Zoning & alternative use
T-1,TOURIST · Carolina Beach, NC
Zoning T-1,TOURIST · permitted uses
T-1,TOURIST · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
22
Lot
0.29 ac
Current owner
From public records · entity-resolved
Beach House Partners LLC
Entity
Mailing address
1525 S FRNT ST, WILMINGTON, NC 28401-6119
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$2,750,000
Beach House Partners LLC
Leisure Lodging LLC
Special Warranty Deed
$2,316,000 · Dogwood State Bank
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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