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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Auto shops
5429 Hwy 70th W Morehead City, NC 28557-4511
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2496257
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2009
Construction
STEEL FRAME
Total area
9,372 SF
Lot
1.28 ac (55,757 SF)
APN
6356.06.28.5761000
UPID
US53-2496257
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
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Central Property Devleopment INC · 5 yrs held
Central Property Devleopment INC
since 2021
Last sale
$2.7M
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
$2,570,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.70M (May 3 2021)
Last sale anchor
$2.70M
May 3 2021
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
$280 / 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
$2,786
Tax year 2022
Assessed value
$618,785
Assessed 2024
Previous assessed
$618,785
+0.0% YoY
Effective rate
0.45%
On assessed value
Assessed land
$213,441
Assessed improvement
$405,344
Land market value
$213,441
Improvement market value
$405,344
Total market value
$618,785
Applied tax rate
32.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Total area
9,372 SF
Lot
1.28 ac (55,757 SF)
APN
6356.06.28.5761000
UPID
US53-2496257
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
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Lot
1.28 ac
Current owner
From public records · entity-resolved
Central Property Devleopment INC
Entity
Mailing address
614 S ASHLEY ST, ANN ARBOR, MI 48103-4908
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
May 3, 2021
$2,703,000
Central Property Devleopment INC
Mavis Southeast LLC
Special Warranty Deed
$1,351,351 · Bay Vanguard Bank
Feb 9, 2021
$2,000,000
Mavis Southeast LLC
Ram Of Eastern North Carolina LLC
Warranty Deed
—
Dec 15, 2008
—
Ram Of Estn North Carolina LLC
Itac 260 LLC
Grant Deed
—
Apr 18, 2008
$485,000
Itac 260 LLC
Phillips Props Of Wilmington LLC
Warranty Deed
$485,000 · Sound Bank
Apr 4, 2007
$870,000
Phillips Properties Of Wilmington L
Commerce Park Partnership
Warranty Deed
—
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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