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Property profile & analytics
FOR LEASE
Office buildings
5601 Barbados Blvd Castle Hayne, NC 28429
Entity Owned
16-yr Hold
Free & Clear
Property ID
US53-5652766
For Lease
1 / 2
$4,865,000
5601 Barbados Blvd, Castle Hayne, NC 28429
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
20,618 SF
Lot
4.04 ac (175,765 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R01100-008-014-000
UPID
US53-5652766
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
-
CentralSquare Technologies (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.68M
Comparable Approach
Comparable
$5.35M
Blend (final)
Blend
$4.87M
Owner & transaction history
Barbados Boulevard LLC · 16 yrs held
Barbados Boulevard LLC
since 2010
3 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Castle Hayne, NC
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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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%
$6,150,000
6.5%
$5,675,000
7%
$5,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,895,000
Current use
RETAIL STORES
$6,605,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,595,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$6,255,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±10%
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
$236 / 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
Assessed value
$2,662,700
Assessed 2023
Previous assessed
$2,662,700
+0.0% YoY
Assessed land
$289,100
Assessed improvement
$2,373,600
Land market value
$289,100
Improvement market value
$2,373,600
Total market value
$2,662,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
4
Total area
20,618 SF
Lot
4.04 ac (175,765 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R01100-008-014-000
UPID
US53-5652766
Jurisdiction
NEW HANOVER
Zoning & alternative use
B-2,BUSINESS DISTRICT · Castle Hayne, NC
Zoning B-2,BUSINESS DISTRICT · permitted uses
B-2,BUSINESS DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.9M
RETAIL STORES
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.3M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
4.04 ac
Current owner
From public records · entity-resolved
Barbados Boulevard LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1000 BUSINESS CTR DR, LAKE MARY, FL 32746-5585
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2010
—
Barbados Boulevard LLC
Boda,josefa & Victor G
Grant Deed
related
—
Apr 8, 2008
—
Victor G Boda
Boda,victor G & Josefa
Quit Claim Deed
related
—
Jul 20, 2007
$3,500,000
Victor G Boda
Dail,curtis M & Jacqueline N
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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