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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Grocery and convenience stores
4800 Arendell St Morehead City, NC 28557
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2880032
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Construction
STONE
Total area
3,456 SF
Lot
2.55 ac (111,078 SF)
Zoning code
R15
APN
6366.11.55.0462000
UPID
US53-2880032
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
-
Convenient Stores Inc Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Gpm Southeast LLC · 4 yrs held
Gpm Southeast LLC
since 2021
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
R15 · 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
Method
Estimation
Statistic approach
$3,620,000
ML approach
$3,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.81M (Dec 13 2021)
Last sale anchor
$3.81M
Dec 13 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
$1,036 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,855
Tax year 2022
Assessed value
$1,769,585
Assessed 2024
Previous assessed
$1,769,585
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$1,251,675
Assessed improvement
$517,910
Land market value
$1,251,675
Improvement market value
$517,910
Total market value
$1,769,585
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2004
Construction
STONE
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Total area
3,456 SF
Lot
2.55 ac (111,078 SF)
Zoning code
R15
APN
6366.11.55.0462000
UPID
US53-2880032
Jurisdiction
CARTERET
Zoning & alternative use
R15 · Morehead City, NC
Zoning R15 · permitted uses
R15 · 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
2004
Construction
STONE
Heating
HEAT PUMP
Stories
1
Bathrooms
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Gpm Southeast LLC
Entity
Free & Clear · 4 yrs held
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
—
Gpm Southeast LLC
Sandbar Portfolio Owner LLC
Lease
—
Dec 13, 2021
$3,806,500
Sandba R Portfolio Owner LLC
Preps INC
Special Warranty Deed
—
Dec 28, 2015
$360,000
Kmp Props Of Carteret Cnty LLC
Ejp III Real Estate One LLC
Grant Deed
—
Oct 5, 2015
—
Ejp III Real Estate One LLC
Rey Petroleum LLC
Quit Claim Deed
related
—
Oct 5, 2015
$750,000
Rey Petroleum LLC
Deibert Farm INC
Warranty Deed
—
Oct 5, 2015
$2,275,000
Preps INC
Rey Petroleum LLC
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.
Try Rey
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