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    Property profile & analytics

    5015 Executive Dr Morehead City, NC 28557-2507

    • Specialty properties
    • 4,596 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $885,000
    Last Sale
    Jun 12, 2020
    $700,000
    Location Intelligence
    Property ID
    US53-2660910
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mitchell Village Animal Hospital / Veterinarian
    • Godwin Marci S DVM / Veterinarian

    Property Details for 5015 Executive Dr

    Year built
    2002
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    4,596 SF
    Zone code
    CH
    Property type
    Specialty properties
    APN
    6366.10.25.8566000
    APU
    636610258566000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $980,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $705,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $630,000
      Retail
      $785,000
      Mixed-Use
      $825,000
      Hospitality
      $720,000
      Educational
      $810,000
      Residential Income
      $870,000
      Energy
      $690,000
      Income-Based Land
      $835,000
      Food Service
      $775,000

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7932
    Latitude
    34.7344
    CBSA code
    33980
    CBSA name
    MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,504
    $397,760
    $356,484
    $754,244
    -
    $397,760
    $356,484
    $754,244

    Comparable in this City

    • Value Estimation
      $325,000
      3,293 SF

      211 Commerce Ave

      VETERINARY, ANIMAL HOSPITAL • 3,293 SF
      211 Commerce Ave, Morehead City, NC 28557
      View Details
    • Value Estimation by Request
      20,714 SF

      3820 Galantis Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 20,714 SF
      3820 Galantis Dr, Morehead City, NC 28557-4310
      View Details
    • Value Estimation by Request
      0.77 Acres

      216 Jacob Dr

      CHARITABLE ORGANIZATION • 0.77 Acres
      216 Jacob Dr, Morehead City, NC 28557-2948
      View Details
    • Value Estimation by Request
      1,992 SF

      Morehead City, NC 28557

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,992 SF
      Morehead City, NC 28557
      View Details
    • Value Estimation
      $865,000
      4,736 SF

      214 Commerce Ave

      VETERINARY, ANIMAL HOSPITAL • 4,736 SF
      214 Commerce Ave, Morehead City, NC 28557-3289
      View Details
    • Value Estimation
      $445,000
      1,200 SF

      1208 Fisher St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,200 SF
      1208 Fisher St, Morehead City, NC 28557-3763
      View Details

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    Similar Nearby for Lease

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      Prime retail space, 8,325 sq ft, available now.
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      View Details
    • Contact for pricing
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      Highly visible shopping center with national retail tenants.
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      Prime Morehead City location, high traffic area.
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    • Contact for pricing
      90,000 SF

      Former Kmart Retail Space Available

      90,000 SF retail space for lease on Arendell Street.
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      View Details
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    Morehead City, NC 28557-2507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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