Property profile

5308 Hwy 70th W Morehead City, NC 28557

OFF-MARKET
Turn key restaurants
Property ID
US53-0339021
7,351 SF 1.58 ac lot Built 2001
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,351 SF
Lot 1.58 ac (68,607 SF)
APN 6356.07.58.4112000
UPID US53-0339021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5308 Hwy 70th W Morehead City, NC 28557-4508
Morehead City metro Census 970401 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$1.50M

Owner & transaction history

since 2024
Last sale
$1.5M
7 recorded transactions
2024
$1.5M
2020
$730,000
2012
$650,000
2012
$650,000
2012
$1.3M
2006
Price N/A
2006
$2.4M

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.8M +11.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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