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Property profile & analytics
OFF-MARKET
Office Spaces
5226 Narron Business Dr Morehead City, NC 28557
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2785525
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2019
Construction
WOOD
Total area
160 SF
Lot
0.85 ac (36,852 SF)
APN
6356.08.78.5995000
UPID
US53-2785525
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grays Towing INC · 2 yrs held
Grays Towing INC
since 2024
Last sale
$65,000
7 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
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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$348
Tax year 2022
Assessed value
$100,893
Assessed 2024
Previous assessed
$100,893
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$91,942
Assessed improvement
$8,951
Land market value
$91,942
Improvement market value
$8,951
Total market value
$100,893
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Stories
1
Total area
160 SF
Lot
0.85 ac (36,852 SF)
APN
6356.08.78.5995000
UPID
US53-2785525
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
2019
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Grays Towing INC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1596, HAVELOCK, NC 28532-5596
Ownership since
2024
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
Apr 3, 2024
$65,000
Grays Towing INC
Grays Havelock LLC
Warranty Deed
—
Jan 28, 2019
$63,000
Grays Havelock LLC
Lmn Properties LLC
Warranty Deed
—
Mar 4, 2014
$154,000
Lmn Properties LLC
First Citizens Bank Trust Co
Grant Deed
—
Aug 30, 2012
$243,440
First Citizens Bk & Trust Co
Graham C Barrett
Trustees Deed
related
—
Aug 27, 2012
$243,500
First Citizens Bank Trust Co
Narron Real Estate Holdings INC
Grant Deed
related
—
Oct 25, 2011
—
Narron R & E Holdings INC
—
Trustees Deed
related
$200,000 · Aaron M & Glenda H Baker
—
—
Justin W Narron
—
Loan Modification
related
$200,000 · Aaron M Baker
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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