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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Retail space
601 Atlantic Bch Cswy Atlantic Beach, NC 28512-7301
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2736002
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
WOOD
Total area
7,840 SF
Lot
0.58 ac (25,352 SF)
Zoning code
GB
APN
6375.12.96.6440000
UPID
US53-2736002
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
$1.39M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.40M
Owner & transaction history
Ab Cswy LLC · 3 yrs held
Ab Cswy LLC
since 2022
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
GB · Atlantic Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+33.1%
Restaurant
$1.8M
+19.2%
Office building
$1.7M
+14.8%
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 Atlantic Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Beach 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
$1,440,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,470,000
Current use
COMMERCIAL (GENERAL)
$1,955,000
Change: +33% · Conversion: Easy
RESTAURANT
$1,750,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$1,685,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.40M (Jul 27 2022)
Last sale anchor
$1.40M
Jul 27 2022
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
$178 / 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
Tax billed
$3,746
Tax year 2022
Assessed value
$1,108,745
Assessed 2024
Previous assessed
$1,108,745
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$809,750
Assessed improvement
$298,995
Land market value
$809,750
Improvement market value
$298,995
Total market value
$1,108,745
Applied tax rate
1,352.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
7
Total area
7,840 SF
Lot
0.58 ac (25,352 SF)
Zoning code
GB
APN
6375.12.96.6440000
UPID
US53-2736002
Jurisdiction
CARTERET
Zoning & alternative use
GB · Atlantic Beach, NC
Zoning GB · permitted uses
GB · Atlantic Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ab Cswy LLC
Entity
Mailing address
5205 BERYL RD, RALEIGH, NC 27606-1304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 27, 2022
$1,400,000
Ab Cswy LLC
Kay Whan Lee
Warranty Deed
$1,000,000 · Southern First Bank NA
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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