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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
5812 Caratoke Hwy, Poplar Branch, NC 27965-9725
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2808030
Property summary
AI-generated overview
This exceptional self-storage opportunity in Poplar Branch, North Carolina, presents a compelling investment prospect. The Currituck Self Storage facility, located at 5812 Caratoke Hwy, 27965, boasts 22,582 net rentable square feet across six buildings on a 5.15-acre lot. Built in 1996, the facility currently houses 189 non-climate-controlled units and enjoys a remarkable 90% occupancy rate, generating a strong NOI of $135,461 and a 7% cap rate at the asking price of $1,940,000. The property benefits from a high barrier to entry, thanks to recent Currituck County zoning changes requiring new self-storage facilities to occupy at least 3 acres of land zoned for heavy or light industrial use. Significant upside potential exists through expansion
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
2,268 SF
Lot
4.15 ac (180,774 SF)
Zoning code
GB
APN
0084000016H0000
UPID
US53-2808030
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
-
Currituck Self Storage Storage Facility
-
East Carolina Pest Control Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
24 Seven Storage Currituck LLC · 1 yrs held
24 Seven Storage Currituck LLC
since 2025
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
GB · Poplar Branch, 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 Poplar Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poplar Branch 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
$1,185,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.52M (Jun 5 2025)
Last sale anchor
$1.52M
Jun 5 2025
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
$619 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,263
Tax year 2023
Assessed value
$751,400
Assessed 2023
Previous assessed
$751,400
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$257,500
Assessed improvement
$493,900
Land market value
$257,500
Improvement market value
$493,900
Total market value
$751,400
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
Off-Market
Year built
1996
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
2,268 SF
Lot
4.15 ac (180,774 SF)
Zoning code
GB
APN
0084000016H0000
UPID
US53-2808030
Jurisdiction
CURRITUCK
Zoning & alternative use
GB · Poplar Branch, NC
Zoning GB · permitted uses
GB · Poplar Branch, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poplar Branch. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
24 Seven Storage Currituck LLC
Entity
Mailing address
639 RIVERCREST DR, MC LEAN, VA 22101-1565
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$1,520,000
24 Seven Storage Currituck LLC
Forsys Storage LLC
Warranty Deed
$1,000,000 · Townebank
May 10, 2018
$930,000
Forsys Storage LLC
Ronnie J Cooper
Warranty Deed
$668,000 · Townbank
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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