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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office buildings
60 Gregory Rd Ne Ste 1, Belville, NC 28451-9276
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1201145
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
6,328 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I
APN
470003511
UPID
US53-1201145
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
$1.32M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.19M
Owner & transaction history
Logan Developers INC · 5 yrs held
Logan Developers INC
since 2020
7 recorded transactions
Zoning & alternative use
I · Belville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+21.2%
Retail stores
$1.4M
+1.2%
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 Belville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belville 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%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,430,000
Current use
RESTAURANT
$1,735,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$1,445,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$187 / 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
$1,660,130
Assessed 2024
Previous assessed
$1,660,130
+0.0% YoY
Assessed land
$242,000
Assessed improvement
$1,418,130
Land market value
$242,000
Improvement market value
$1,418,130
Total market value
$1,660,130
Applied tax rate
25.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
6,328 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I
APN
470003511
UPID
US53-1201145
Jurisdiction
BRUNSWICK
Zoning & alternative use
I · Belville, NC
Zoning I · permitted uses
I · Belville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Logan Developers INC
Entity
Free & Clear · 5 yrs held
Mailing address
60 GREGORY RD NE STE #1, BELVILLE, NC 28451-9276
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
L W Investment Group LLC
—
Deed
related
$2,643,800 · Southern Bank & Trust Co
Feb 26, 2021
—
Logan Developers INC
—
Deed
related
—
Dec 3, 2020
$145,000
Logan Developers INC
Funston Land & Timber LLC
Warranty Deed
—
Dec 3, 2020
—
Logan Developers INC
—
Deed
related
—
Oct 15, 2020
$179,000
Logan Developers INC
Stj Developments LLC
Warranty Deed
—
Aug 19, 2020
$150,000
Logan Developers INC
Oib Dev LLC
Warranty Deed
—
Aug 19, 2020
—
Logan Developers INC
—
Deed
related
—
Aug 18, 2020
$169,000
Logan Developers INC
Renaissance Lifestyle LLC
Warranty Deed
—
Aug 12, 2020
$89,500
Logan Developers INC
Stj Developments LLC
Warranty Deed
—
Jul 31, 2020
$330,000
Stacie L Brown
Logan Developers INC
Warranty Deed
—
Jul 28, 2020
—
Logan Developers INC
—
Deed
related
—
Nov 4, 2019
—
Logan Developers INC
—
Deed
related
—
Jul 31, 2019
$450,000
Logan Developers INC
Oib Dev LLC
Warranty Deed
—
Jun 4, 2018
—
Logan Developers INC
—
Deed
related
$580,000 · Select Bk
Oct 10, 2017
—
Logan Developers INC
—
Trustees Deed
related
—
Nov 10, 2016
$612,500
Logan Developers INC
St James Development Co LLC
Warranty Deed
—
Nov 10, 2016
$700,000
Logan Developers INC
St James Development Co LLC
Warranty Deed
$984,375 · First Bk
Mar 1, 2006
—
Lw Inv Group LLC
Owner Name Unavailable
Warranty Deed
related
—
—
—
Logan Developers INC
—
Loan Modification
related
—
—
—
Logan Developers INC
—
Deed Of Trust
related
$580,000 · Select Bk
—
—
Logan Developers INC
—
Loan Modification
related
—
—
—
Logan Developers INC
—
Loan Modification
related
—
—
—
Logan Developers INC
—
Loan Modification
related
—
—
—
L-w Investment Group LLC
—
Deed Of Trust
related
$2,000,000 · Lasalle National Bank
—
—
Logan Developers INC
—
Loan Modification
related
—
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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