Technical
Financial
Distress signals
Property profile

5000 Hwy 70th W Morehead City, NC 28557

OFF-MARKET
Grocery and convenience stores
Property ID
US53-2544937
72,380 SF 8.22 ac lot Built 2008
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 72,380 SF
Lot 8.22 ac (358,063 SF)
APN 6366.10.36.1046000
UPID US53-2544937

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

5000 Hwy 70th W Morehead City, NC 28557-4531
Morehead City metro Census 970401 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$12.91M
Comparable Approach Comparable
$17.80M
Blend (final) Blend
$1.83M

Owner & transaction history

since 2013
6 recorded transactions
2013
Price N/A
2013
Price N/A
2010
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $18.0M +41.6%
Restaurant $16.2M +26.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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