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Property profile & analytics
OFF-MARKET
Auto shops
5535 Hwy 70th W Morehead City, NC 28557-4518
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2563844
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
9,600 SF
Lot
2.12 ac (92,347 SF)
APN
6356.05.09.1804000
UPID
US53-2563844
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
Lookout Property Mgmt LLC · 9 yrs held
Lookout Property Mgmt LLC
since 2017
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
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
$4,407
Tax year 2022
Assessed value
$1,039,580
Assessed 2024
Previous assessed
$1,039,580
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$699,600
Assessed improvement
$339,980
Land market value
$699,600
Improvement market value
$339,980
Total market value
$1,039,580
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
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
1
Total area
9,600 SF
Lot
2.12 ac (92,347 SF)
APN
6356.05.09.1804000
UPID
US53-2563844
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
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Lookout Property Mgmt LLC
Entity
Mailing address
5557 HWY 70TH W, MOREHEAD CITY, NC 28557-4518
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Feb 14, 2025
—
Lookout Property Management LLC
—
Deed
related
$2,600,000 · First Bank
Apr 7, 2017
$1,225,000
Lookout Property Mgmt LLC
Morehead City Ford INC
Warranty Deed
$750,000 · Private Individual
Jul 13, 2005
$820,000
Morehead City Ford INC
M & W Equities LLC
Warranty Deed
$787,500 · Ford Motor Credit Co
—
—
Morehead City Ford INC
—
Deed Of Trust
related
$1,700,000 · Sound Bank
—
—
Morehead City Ford INC
—
Deed Of Trust
related
$300,000 · Branch Banking & Trust Co
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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