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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Office buildings
5000 Blue Clay Rd, Castle Hayne, NC 28429-6302
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-2228547
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
CONCRETE
Total area
7,548 SF
Lot
5.29 ac (230,432 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R01800-003-016-000
UPID
US53-2228547
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
-
Southeastern Driver Training Center Training Center Vocational School
-
Energy Healing Arts Physician Alternative Medicine Practice
-
Sea Glow Spa Spa & Massage Center
-
Healistic Hands, LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.50M
Owner & transaction history
Amber Sun LLC · 10 yrs held
Amber Sun LLC
since 2015
6 recorded transactions
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Castle Hayne, 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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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%
$2,250,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,420,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,415,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$2,290,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±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
$199 / 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
Tax billed
$4,623
Tax year 2023
Assessed value
$688,800
Assessed 2023
Previous assessed
$688,800
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$144,900
Assessed improvement
$543,900
Land market value
$144,900
Improvement market value
$543,900
Total market value
$688,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
4
Total area
7,548 SF
Lot
5.29 ac (230,432 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R01800-003-016-000
UPID
US53-2228547
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Castle Hayne, NC
Zoning I-1,INDUSTRIAL DISTRICT · permitted uses
I-1,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
5.29 ac
Current owner
From public records · entity-resolved
Amber Sun LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5008 CASTLE LKS RD, CASTLE HAYNE, NC 28429-5856
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Sep 29, 2015
—
Amber Sun LLC
Darrell LP
Grant Deed
related
—
Jul 3, 2014
$73,000
Darrell LP
Atlas Nc I Spe LLC
Grant Deed
—
Nov 29, 2012
—
Atlas Nc I Spe LLC
Fryar Kurt B
Trustees Deed
related
—
Jun 4, 2007
—
Remly P Clark
Clark,judith J
Quit Claim Deed
related
—
Aug 9, 2005
$725,000
Cape Fear Center For Inquiry
Clark,remly P & Judith J
Warranty Deed
$400,000 · First Citizens Bank & Trust Co
—
—
Remly P Clark
—
Deed Of Trust
related
$701,970 · Branch Banking & Trust Co
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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