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Property profile & analytics
OFF-MARKET
Manufacturing properties
4101 Arendell St, Morehead City, NC 28557-2867
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-0718556
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1983
Construction
STEEL FRAME
Total area
4,468 SF
Lot
0.52 ac (22,608 SF)
Zoning code
CM
APN
6376.13.02.3880000
UPID
US53-0718556
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
-
The Big Rock Barber Shop Barber Shop
-
Bobby G At Waves Edge Real Estate Agency
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
Milton Ray Cox
Milton Ray Cox
since 2025
5 recorded transactions
Zoning & alternative use
CM · Morehead City, 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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,902
Tax year 2022
Assessed value
$571,722
Assessed 2024
Previous assessed
$571,722
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$234,386
Assessed improvement
$337,336
Land market value
$234,386
Improvement market value
$337,336
Total market value
$571,722
Applied tax rate
1,351.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
10
Total area
4,468 SF
Lot
0.52 ac (22,608 SF)
Zoning code
CM
APN
6376.13.02.3880000
UPID
US53-0718556
Jurisdiction
CARTERET
Zoning & alternative use
CM · Morehead City, NC
Zoning CM · permitted uses
CM · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morehead City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
10
Lot
0.52 ac
Current owner
From public records · entity-resolved
Milton Ray Cox
Individual
Free & Clear · 0 yrs held
Mailing address
118 SHEPPARD CRUSE DR, NEWPORT, NC 28570-7991
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 13, 2025
—
Milton Ray Cox
Andrew Ray Cox
Quitclaim Deed
related
—
Apr 9, 2018
—
Milton R Cox
Cox,milton R & Gail E
Quit Claim Deed
related
$100,800 · Milton R & Gail E Cox
Sep 12, 2016
$375,000
Milton Cox
Grantham,jimmy & Hyon
Warranty Deed
$250,000 · Branch Bk&tr
Aug 15, 2011
$340,000
Jimmy D Grantham
Leggett,gladys L C
Warranty Deed
—
Jul 27, 2011
$340,000
Jimmy Dean Grantham
Crank,william Edward JR
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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