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Property profile & analytics
OFF-MARKET
Office Spaces
5016 Oak Is Dr 1, Oak Island, NC 28465-5259
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-1658986
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
840 SF
APN
235MN01109
UPID
US53-1658986
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
-
Island Hair Hair Salon Nail Salon
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Glowing with Hailey Alternative Medicine Practice Spa & Massage Center
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Sea Star Coastal Vacations Vacation Rental Real Estate Agency
-
Printed & Stitched (Bike/Boat/Book/etc) Store
-
Black Sails Adventure Company Tour Operator (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
Janice E Shannon · 4 yrs held
Janice E Shannon
since 2022
Last sale
$150,000
6 recorded transactions
Zoning & alternative use
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 Oak Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Island 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
Property tax & assessments
Assessed value
$169,790
Assessed 2023
Previous assessed
$150,710
+12.7% YoY
Assessed improvement
$169,790
Improvement market value
$169,790
Total market value
$169,790
Applied tax rate
14.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
840 SF
APN
235MN01109
UPID
US53-1658986
Jurisdiction
BRUNSWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Current owner
From public records · entity-resolved
Janice E Shannon
Individual
Free & Clear · 4 yrs held
Mailing address
4375 TIDEMARSH CT, SOUTHPORT, NC 28461-8314
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
Apr 29, 2022
$150,000
Janice E Shannon
Kristen Benson
Warranty Deed
—
Jul 26, 2021
$120,000
Kristen Benson
Michele Jones
Warranty Deed
—
May 11, 2018
$155,000
Rodney L Keesee
Down South Ventures Of Nc INC
Warranty Deed
—
Aug 28, 2014
$60,000
Michele Jones
Down South Ventures Of Nc INC
Grant Deed
$53,000 · Down South Ventures Of Nc INC
Oct 10, 2007
—
Down South Ventures Of Nc INC
—
Trustees Deed
related
$500,000 · Woodlands Bank
Jun 1, 2006
—
Down South Ventures Of Nc INC
Owner Name Unavailable
Warranty 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.
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