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Property profile & analytics
OFF-MARKET
Estimated value
$21,630,000
Outlet malls
4101 Vernon Ave Kinston, NC 28504-9672
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2587852
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Total area
185,613 SF
Lot
12.24 ac (533,174 SF)
Zoning code
SC
APN
450503432843
UPID
US53-2587852
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
-
Coinstar Bank Credit Union
-
Subway Take-out & Catering Catering Service
-
Walmart Connection center Mobile Phone Store Electronics & Wireless Store
-
ecoATM Atm Cell Phone Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.62M
Blend (final)
Blend
$21.63M
Owner & transaction history
Bre Retail Residual Nc Owner LP · 15 yrs held
Bre Retail Residual Nc Owner LP
since 2011
3 recorded transactions
Zoning & alternative use
SC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.63M
Range $19.47M – $23.79M · ±10%
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
$117 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$262,172
Tax year 2024
Assessed value
$16,233,534
Assessed 2024
Previous assessed
$16,232,163
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$4,718,300
Assessed improvement
$11,515,234
Land market value
$4,718,300
Improvement market value
$11,515,234
Total market value
$16,233,534
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1990
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Total area
185,613 SF
Lot
12.24 ac (533,174 SF)
Zoning code
SC
APN
450503432843
UPID
US53-2587852
Jurisdiction
LENOIR
Zoning & alternative use
SC · Kinston, NC
Zoning SC · permitted uses
SC · 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
1990
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Lot
12.24 ac
Current owner
From public records · entity-resolved
Bre Retail Residual Nc Owner LP
Entity
Free & Clear · 15 yrs held
Mailing address
7417 KNIGHTDALE BLVD STE #107, KNIGHTDALE, NC 27545-8824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
Avery Davis Investments LLC
—
Deed
related
$9,300,000 · First Bank
Mar 13, 2023
—
Kimberly Marie Cobb
—
Deed
related
$115,000 · Harvey D Manning
Jul 12, 2011
$6,150,000
Bre Retail Residual Nc Owner LP
Centro Np Holdings 9 Spe LLC
Limited 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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