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Property profile & analytics
OFF-MARKET
Retail space
4702 Arendell St Morehead City, NC 28557-2704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2568451
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,800 SF
Lot
0.76 ac (32,975 SF)
Zoning code
CH
APN
6366.11.55.7100000
UPID
US53-2568451
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
-
Norris Electric Co Electrical Service General Contractor
-
Carolina Crawlspace Solutions, Inc. General Contractor
-
Sandy's Flower Shoppe (Bike/Boat/Book/etc) Store
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
Bkb Flowers INC · 3 yrs held
Bkb Flowers INC
since 2022
Last sale
$425,000
6 recorded transactions
Zoning & alternative use
CH · 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
$4,389
Tax year 2022
Assessed value
$666,949
Assessed 2024
Previous assessed
$666,421
+0.1% YoY
Effective rate
0.66%
On assessed value
Assessed land
$468,000
Assessed improvement
$198,949
Land market value
$468,000
Improvement market value
$198,949
Total market value
$666,949
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
2
Total area
4,800 SF
Lot
0.76 ac (32,975 SF)
Zoning code
CH
APN
6366.11.55.7100000
UPID
US53-2568451
Jurisdiction
CARTERET
Zoning & alternative use
CH · Morehead City, NC
Zoning CH · permitted uses
CH · 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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Bkb Flowers INC
Entity
Mailing address
4702 ARENDELL ST, MOREHEAD CITY, NC 28557-2704
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
Bkb Flowers INC
—
Deed
related
$480,000 · First Citizens Bank & Trust Co
Sep 9, 2022
$425,000
Bkb Flowers INC
James Todd Norris
Warranty Deed
$340,000 · Navy FCU
Oct 26, 2012
—
Norris,james L & Eva M Trust
Norris,james L & Eva M
Quit Claim Deed
related
—
Oct 25, 2012
—
James L Norris
Norris Leslie S
Quit Claim Deed
related
—
May 22, 2012
—
Leslie S Norris
Norris Leslie D
Quit Claim Deed
related
—
May 21, 2012
—
Leslie Scott Norris
Norris,leslie Scott
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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