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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
Medical Office Space
5183 Hwy 70th W Morehead City, NC 28557-4505
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2526516
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2022
Construction
WOOD
Total area
3,300 SF
Lot
1.52 ac (66,342 SF)
APN
6356.12.76.9897000
UPID
US53-2526516
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
$5.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.91M
Owner & transaction history
Central Avenue Corporation · 3 yrs held
Central Avenue Corporation
since 2022
Last sale
$5.9M
5 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 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
$6,040,000
ML approach
$5,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10% · vs last sale $5.88M (Sep 16 2022)
Last sale anchor
$5.88M
Sep 16 2022
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
$1,791 / 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
$6,414
Tax year 2022
Assessed value
$2,273,242
Assessed 2024
Previous assessed
$2,273,242
+0.0% YoY
Effective rate
0.28%
On assessed value
Assessed land
$1,398,799
Assessed improvement
$874,443
Land market value
$1,398,799
Improvement market value
$874,443
Total market value
$2,273,242
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
3,300 SF
Lot
1.52 ac (66,342 SF)
APN
6356.12.76.9897000
UPID
US53-2526516
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
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Central Avenue Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
568 CENTRAL AVE, BRIDGEWATER, NJ 08807-3285
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$5,880,000
Central Avenue Corporation
Endurance Morehead City LLC
Special Warranty Deed
—
Jun 14, 2021
—
Endurance Morehead City LLC
—
Deed
related
$2,307,813 · Truist Bank
May 5, 2021
$1,000,000
Endurnace Morehead City LLC
Lynn J Hull
Warranty Deed
—
Feb 3, 2006
$3,200,000
Hull Trust
Best Locations LLC
Grant Deed
$2,115,000 · California Cu
—
—
Lynn J Hull
—
Loan Modification
related
$2,115,000 · California Cu
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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