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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Turn key restaurants
505 Atlantic Bch Cswy Atlantic Beach, NC 28512-7341
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2755146
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Construction
WOOD
Total area
6,922 SF
Lot
0.34 ac (14,985 SF)
Zoning code
GB
APN
6375.12.95.6921000
UPID
US53-2755146
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Atlantic Beach Watersports LLC · 2 yrs held
Atlantic Beach Watersports LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
GB · Atlantic Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+11.6%
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 Atlantic Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Beach 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
$1,200,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,545,000
Current use
COMMERCIAL (GENERAL)
$1,725,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$1,490,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$1,295,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.45M (Sep 27 2023)
Last sale anchor
$1.45M
Sep 27 2023
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
$190 / 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
$2,194
Tax year 2022
Assessed value
$660,197
Assessed 2024
Previous assessed
$660,197
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$362,500
Assessed improvement
$297,697
Land market value
$362,500
Improvement market value
$297,697
Total market value
$660,197
Applied tax rate
1,352.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
6,922 SF
Lot
0.34 ac (14,985 SF)
Zoning code
GB
APN
6375.12.95.6921000
UPID
US53-2755146
Jurisdiction
CARTERET
Zoning & alternative use
GB · Atlantic Beach, NC
Zoning GB · permitted uses
GB · Atlantic Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1958
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Atlantic Beach Watersports LLC
Entity
Mailing address
211 PO BOX 759TH ST APT #804, BURLINGTON, NC 27216-0759
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$1,450,000
Atlantic Beach Watersports LLC
Rlf Properties LLC
Special Warranty Deed
$1,160,000 · First National Bank Of Pennsylvania
Oct 22, 2021
$1,100,000
Rlf Properties LLC
Triangle Enterprises Group LLC
Special Warranty Deed
—
Dec 18, 2017
$620,000
Trangle Enterprises Group Lcc
Richard R Mccurdy
Warranty Deed
$520,000 · Union Bank
Oct 2, 2006
$1,200,000
Richard R Mccurdy
Loughry,g Joseph & Donna J
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.
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