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Property profile & analytics
OFF-MARKET
Turn key restaurants
607 Howe St, Southport, NC 28461-3425
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5742899
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1870
Construction
WOOD
Total area
1,673 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BD
APN
237ED026
UPID
US53-5742899
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Howe St Holding Company LLC · 1 yrs held
Howe St Holding Company LLC
since 2024
5 recorded transactions
Zoning & alternative use
BD · Southport, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$445,030
Assessed 2024
Previous assessed
$445,030
+0.0% YoY
Assessed land
$257,300
Assessed improvement
$187,730
Land market value
$257,300
Improvement market value
$187,730
Total market value
$445,030
Applied tax rate
21.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1870
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,673 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BD
APN
237ED026
UPID
US53-5742899
Jurisdiction
BRUNSWICK
Zoning & alternative use
BD · Southport, NC
Zoning BD · permitted uses
BD · Southport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1870
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Howe St Holding Company LLC
Entity
Mailing address
607 N HOWE ST, SOUTHPORT, NC 28461-3425
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Howe St Holding Company LLC
Carolina Coastal Cafe LLC
Quit Claim Deed
related
$325,000 · First Bank
Nov 3, 2021
—
Carolina Coastal Cafe LLC
Barbra Grela
Warranty Deed
—
Jul 10, 2006
$662,000
Barbra Grela
Beretta Cafe INC
Warranty Deed
—
Dec 22, 2005
$662,000
Beretta Cafe INC
Lady Belles Cafe INC
Warranty Deed
—
Dec 22, 2005
$425,000
Lady Belles Cafe INC
Carolina Map INC
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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