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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Golf courses & driving ranges
591 Shr Dr Southport, NC 28461-8809
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1596839
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1962
Total area
3,972 SF
Zoning code
R1
APN
157IA032
UPID
US53-1596839
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
City Of Boiling Spring Lakes · 2 yrs held
City Of Boiling Spring Lakes
since 2024
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
R1 · Southport, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2021 0708 Southport UDO Full
Top alternative use upside
Office building
$865,000
+152.7%
Commercial (general)
$640,000
+87.2%
Retail stores
$625,000
+82.4%
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 Southport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southport 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$340,000
Current use
OFFICE BUILDING
$865,000
Change: +153% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$420,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 24 2024)
Last sale anchor
$550k
May 24 2024
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
$138 / 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
Property tax & assessments
Assessed value
$239,200
Assessed 2023
Previous assessed
$188,260
+27.1% YoY
Assessed land
$30,580
Assessed improvement
$208,620
Land market value
$30,580
Improvement market value
$208,620
Total market value
$239,200
Applied tax rate
20.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1962
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,972 SF
Zoning code
R1
APN
157IA032
UPID
US53-1596839
Jurisdiction
BRUNSWICK
Zoning & alternative use
R1 · Southport, NCZoning R1 · permitted uses
R1 · Southport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2021 0708 Southport UDO Full
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$340,000
OFFICE BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RETAIL STORES
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$420,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1962
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Current owner
From public records · entity-resolved
City Of Boiling Spring Lakes
Entity
Mailing address
9 E BOILING SPG RD, BOILING SPRING LAKES, NC 28461-7744
Ownership since
2024
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
May 24, 2024
$550,000
City Of Boiling Spring Lakes
Ww Golf & Services LLC
Warranty Deed
$475,000 · First Bank
Oct 13, 2021
$425,000
Dhln Holdings LLC
Ww Golf& Services LLC
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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