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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
5117 Hwy 70th W Morehead City, NC 28557-4505
Entity Owned
17-yr Hold
Free & Clear
Property ID
US53-2836464
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
5,775 SF
Lot
0.93 ac (40,685 SF)
APN
6356.12.96.7281000
UPID
US53-2836464
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
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$560k
Owner & transaction history
Wadsworth Properties LLC · 17 yrs held
Wadsworth Properties LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$900,000
+55.6%
Medical building
$810,000
+40.3%
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$580,000
Current use
OFFICE BUILDING
$900,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$97 / 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
$4,229
Tax year 2022
Assessed value
$636,198
Assessed 2024
Previous assessed
$636,198
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$546,390
Assessed improvement
$89,808
Land market value
$546,390
Improvement market value
$89,808
Total market value
$636,198
Applied tax rate
1,351.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Bathrooms
0
Total area
5,775 SF
Lot
0.93 ac (40,685 SF)
APN
6356.12.96.7281000
UPID
US53-2836464
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$900,000
MEDICAL BUILDING
Est. value
$810,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
1984
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Bathrooms
0
Lot
0.93 ac
Current owner
From public records · entity-resolved
Wadsworth Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 3061, ATLANTIC BEACH, NC 28512-3061
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2019
—
Wadsworth Properties LLC
—
Deed
related
$850,000 · Select Bk
May 17, 2017
—
Wadsworth Properties LLC
—
Deed
related
$532,000 · Sound Bk
Jun 11, 2009
—
Wadsworth Properties LLC
Wadsworth,albert E JR & Mary C
Quit Claim Deed
—
—
—
Wadsworth Properties LLC
—
Deed Of Trust
related
$850,000 · Select Bk
—
—
Wadsworth Properties LLC
—
Deed Of Trust
related
$700,000 · Branch Banking & Trust Co
—
—
Coastal Carolina Supply INC
—
Deed Of Trust
related
$2,222 · Branch Banking & Trust Co
—
—
Wadsworth Properties LLC
—
Deed Of Trust
related
$532,000 · Sound Bk
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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