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    Property profile & analytics

    601 Carolina Ave Washington, NC 27889-4373

    • Turn key restaurants
    • 6,411 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    $580,000
    Location Intelligence
    Property ID
    US53-4578660
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • King Chicken Drive-In / Southern Restaurant (Us) / Caterer

    Property Details for 601 Carolina Ave

    Year built
    1955
    Lot size
    1.02 lot acres
    Property size
    6,411 SF
    Property type
    Turn key restaurants
    APN
    5676-70-7986
    APU
    5676707986

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -77.0573
    Latitude
    35.5506
    CBSA code
    47820
    CBSA name
    WASHINGTON, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,374
    $251,657
    $194,356
    $446,013
    -
    $251,657
    $194,356
    $446,013

    Comparable in this City

    • Value Estimation
      $460,000
      25,642 SF

      153 Main St

      RESTAURANT • 25,642 SF
      153 Main St, Washington, NC 27889-4943
      View Details
    • Value Estimation
      $535,000
      12,870 SF

      156 Main St

      RESTAURANT • 12,870 SF
      156 Main St, Washington, NC 27889-4951
      View Details
    • Value Estimation
      $320,000
      3,483 SF

      1550 Carolina Ave

      RESTAURANT • 3,483 SF
      1550 Carolina Ave, Washington, NC 27889-3362
      View Details
    • Value Estimation
      $400,000
      3,744 SF

      712 Riv Rd

      RESTAURANT • 3,744 SF
      712 Riv Rd, Washington, NC 27889-3925
      View Details
    • Value Estimation
      $360,000
      0.55 Acres

      840 15th St

      RESTAURANT • 0.55 Acres
      840 15th St, Washington, NC 27889-3531
      View Details
    • Value Estimation
      $285,000
      0.66 Acres

      411 5th St

      RESTAURANT • 0.66 Acres
      411 5th St, Washington, NC 27889-4305
      View Details

    Similar Nearby for Sale

    • $1,350,000
      3.50 Acres

      Washington, NC Retail Opportunity

      3.5-acre prime retail plot, high traffic.
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    • $4,650,000
      52,270 SF

      Washington, NC Shopping Center

      Prime Retail, 52,270 SF, 18 Units
      844 15Th St, Washington, NC 27889
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Washington, NC.
      2532 W 5Th St, Washington, NC 27889
      View Details
    • $1,350,000
      3.50 Acres

      Prime Washington, NC Commercial Land

      3.5 Acres, $1.35M - Development Opportunity
      814 15Th St, Washington, NC 27889
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      791 SF

      Downtown Retail Space Available

      Retail space for rent in downtown Washington, North Carolina.
      231 Mid Town Ln, Washington, NC 27889
      View Details
    • New
      $3,700 /Mo
      4,180 SF

      Versatile Commercial Space in Washington

      4,180 sq ft commercial space with flexible use options.
      630 E 10Th St, Washington, NC 27889
      View Details
    • $3,900 /Mo
      5,000 SF

      Versatile Commercial Space in Washington

      5,000 sq ft commercial building suitable for various businesses.
      505 Hackney Ave, Washington, NC 27889
      View Details
    • $995 /Mo
      939 SF

      Downtown Washington Office Suite Rental

      Historic building office suite for rent in downtown Washington.
      229 Mid Town Ln, Washington, NC 27889
      View Details
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    601 Carolina Ave
    Washington, NC 27889-4373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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