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Property profile & analytics
OFF-MARKET
Estimated value
$7,420,000
Manufacturing properties
611 Verdun St Newport, NC 28570-8088
Entity Owned
Free & Clear
Property ID
US53-2509034
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
STEEL FRAME
Total area
92,090 SF
Lot
16.35 ac (712,206 SF)
Zoning code
MU
APN
6348.09.15.3409000
UPID
US53-2509034
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
Current use
Occupant on record · Public records
-
Veneer Technologies Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.35M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$7.42M
Owner & transaction history
VENEER TECHNOLOGIES INC
VENEER TECHNOLOGIES INC
Zoning & alternative use
MU · Newport, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.1M
+116.2%
Auto repair, garage
$10.1M
+79.8%
Restaurant
$9.6M
+70.9%
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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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%
$9,040,000
6.5%
$8,345,000
7%
$7,750,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,610,000
Current use
OFFICE BUILDING
$12,135,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,090,000
Change: +80% · Conversion: Easy
RESTAURANT
$9,590,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$8,820,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,375,000
Change: +31% · Conversion: Easy
RETAIL STORES
$6,675,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$7.42M
Range $6.68M – $8.16M · ±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
$81 / 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
$18,248
Tax year 2022
Assessed value
$5,418,684
Assessed 2024
Previous assessed
$5,418,684
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$245,250
Assessed improvement
$5,173,434
Land market value
$245,250
Improvement market value
$5,173,434
Total market value
$5,418,684
Applied tax rate
1,460.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
SPACE
Buildings
9
Stories
1
Bathrooms
10
Total area
92,090 SF
Lot
16.35 ac (712,206 SF)
Zoning code
MU
APN
6348.09.15.3409000
UPID
US53-2509034
Jurisdiction
CARTERET
Zoning & alternative use
MU · Newport, NC
Zoning MU · permitted uses
MU · Newport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
OFFICE BUILDING
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.1M
RESTAURANT
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$7.4M
RETAIL STORES
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1981
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
9
Bathrooms
10
Lot
16.35 ac
Current owner
From public records · entity-resolved
VENEER TECHNOLOGIES INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1145, NEWPORT, NC 28570-1145
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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