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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Hotels
56883 Nc Hwy 12, Hatteras, NC 27943
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-2945559
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2004
Total area
6,864 SF
Lot
3.01 ac (130,985 SF)
APN
16064000
UPID
US53-2945559
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
$795k
Comparable Approach
Comparable
$918k
Blend (final)
Blend
$855k
Owner & transaction history
Hatteras Ventures LLC · 10 yrs held
Hatteras Ventures LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+84.5%
Restaurant
$845,000
+25.4%
Office building
$745,000
+10.5%
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 Hatteras submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatteras 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%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$675,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +84% · Conversion: Difficult
RESTAURANT
$845,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$610,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$125 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,784
Tax year 2024
Assessed value
$1,831,200
Assessed 2024
Previous assessed
$1,831,200
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$1,367,100
Assessed improvement
$464,100
Land market value
$1,367,100
Improvement market value
$464,100
Total market value
$1,831,200
Applied tax rate
6.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
16
Total area
6,864 SF
Lot
3.01 ac (130,985 SF)
APN
16064000
UPID
US53-2945559
Jurisdiction
DARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$845,000
OFFICE BUILDING
Est. value
$745,000
MEDICAL BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
16
Lot
3.01 ac
Current owner
From public records · entity-resolved
Hatteras Ventures LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 90, KILL DEVIL HILLS, NC 27948-0090
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2016
—
Hatteras Ventures LLC
Sea Gull Motel INC
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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