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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Turn key restaurants
5422 Oak Is Dr Oak Island, NC 28465-5031
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0916547
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
WOOD
Total area
2,400 SF
Zoning code
CB
APN
236PA005
UPID
US53-0916547
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
-
Oak Island Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$630k
Owner & transaction history
Julian Opitz · 5 yrs held
Julian Opitz
since 2021
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
CB · Oak Island, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CB business district is established as a zone in which the use of the land is for commercial and service uses for the surrounding urban market area.
Zone name
Community Business
General category
COMMERCIAL
Zone area
80.02 ac
Source
Realmo
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 Oak Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Island 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
RESTAURANT
$655,000
Current use
RETAIL STORES
$580,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $675k (Jul 13 2020)
Last sale anchor
$675k
Jul 13 2020
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
$263 / 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
$674,950
Assessed 2024
Previous assessed
$674,950
+0.0% YoY
Assessed land
$182,520
Assessed improvement
$492,430
Land market value
$182,520
Improvement market value
$492,430
Total market value
$674,950
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,400 SF
Zoning code
CB
APN
236PA005
UPID
US53-0916547
Jurisdiction
BRUNSWICK
Zoning & alternative use
CB · Oak Island, NCZoning CB · permitted uses
CB · Oak Island, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CB business district is established as a zone in which the use of the land is for commercial and service uses for the surrounding urban market area.
Zone name
Community Business
General category
COMMERCIAL
Zone area
80.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$655,000
RETAIL STORES
Est. value
$580,000
RESTAURANT Current
RETAIL STORES
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
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Current owner
From public records · entity-resolved
Julian Opitz
Individual
Free & Clear · 5 yrs held
Mailing address
4891 LONG BCH RD SE3-200, SOUTHPORT, NC 28461-8712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 31, 2021
$349,500
Julian Opitz
Lpm Group INC
Warranty Deed
—
Jul 21, 2020
—
Celtic Bull Holdings LLC
—
Deed
related
—
Jul 13, 2020
$675,000
Celtic Bull Holdings LLC
Oak Island Deli & Pub INC
Warranty Deed
$375,000 · Oak Island Deli & Pub INC
Jun 5, 2017
—
Oak Island Deli & Pub INC
Oak Island Deli & Pub INC
Quit Claim Deed
related
—
—
—
Celtic Bull Holdings LLC
—
Loan Modification
related
—
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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