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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Banks
51 Gregory NE Rd Belville, NC 28451-8577
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2186689
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2018
Total area
8,538 SF
Lot
5.88 ac (256,133 SF)
Zoning code
BH
APN
470003601
UPID
US53-2186689
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
-
Robin Hood Container Express Trucking Company
-
State Employees’ Credit Union Credit Union
-
CashPoints® ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
State Emp Cu · 11 yrs held
State Emp Cu
since 2015
3 recorded transactions
Zoning & alternative use
BH · Belville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 5.1.7 BH, Business Highway District A. Purpose and Intent - The purpose of this district shall be to provide for the proper grouping and development of roadside business uses which will best accommodate the needs of the motoring public and businesses demanding high volume traffic. The district’s principal means of ingress and egress shall be along co…
Zone name
Business Highway
General category
COMMERCIAL
Zone area
199.91 ac
Source
ZONING ORDINANCE – Belville
Top alternative use upside
Warehouse, storage
$800,000
+26.9%
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 Belville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$630,000
Current use
WAREHOUSE, STORAGE
$800,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$60 / 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
Property tax & assessments
Assessed value
$4,269,410
Assessed 2023
Previous assessed
$2,647,920
+61.2% YoY
Assessed land
$1,610,540
Assessed improvement
$2,658,870
Land market value
$1,610,540
Improvement market value
$2,658,870
Total market value
$4,269,410
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
8,538 SF
Lot
5.88 ac (256,133 SF)
Zoning code
BH
APN
470003601
UPID
US53-2186689
Jurisdiction
BRUNSWICK
Zoning & alternative use
BH · Belville, NCZoning BH · permitted uses
BH · Belville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 5.1.7 BH, Business Highway District A. Purpose and Intent - The purpose of this district shall be to provide for the proper grouping and development of roadside business uses which will best accommodate the needs of the motoring public and businesses demanding high volume traffic. The district’s principal means of ingress and egress shall be along collector roads, minor
Zone name
Business Highway
General category
COMMERCIAL
Zone area
199.91 ac
Source
ZONING ORDINANCE – Belville
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$800,000
FINANCIAL BUILDING Current
WAREHOUSE, STORAGE
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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.88 ac
Current owner
From public records · entity-resolved
State Emp Cu
Individual
Free & Clear · 11 yrs held
Mailing address
1000 WADE AVE, RALEIGH, NC 27605-1157
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2015
$3,500,000
State Emp Cu
Hood Robin W II
Warranty Deed
related
—
—
—
Robin W Hood II
—
Deed Of Trust
related
$1,100,000 · Branch Banking & Trust Co
—
—
Robin W Hood II
—
Deed Of Trust
related
$1,000,000 · 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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