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Property profile & analytics
OFF-MARKET
Estimated value
$70,840,000
Hotels
622 New Riv Dr, Surf City, NC 28445-6610
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2307446
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1968
Total area
5,568 SF
Lot
0.6 ac (26,092 SF)
Zoning code
C2
APN
4245-11-8861-0000
UPID
US53-2307446
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
-
Loggerhead Inn & Suites - Topsail Island Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.84M
Owner & transaction history
Gustino R Gonnella JR · 1 yrs held
Gustino R Gonnella JR
since 2025
Last sale
$70.0M
3 recorded transactions
Zoning & alternative use
C2 · Surf City, 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 Surf City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surf City 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
$72,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.84M
Range $63.76M – $77.92M · ±10% · vs last sale $70.00M (Jul 29 2022)
Last sale anchor
$70.00M
Jul 29 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
$12,723 / 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
$763,629
Assessed 2023
Previous assessed
$763,629
+0.0% YoY
Assessed land
$412,290
Assessed improvement
$351,339
Land market value
$412,290
Improvement market value
$351,339
Total market value
$763,629
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1968
Heating
RADIANT
Buildings
5
Stories
2
Rooms
36
Bathrooms
6
Total area
5,568 SF
Lot
0.6 ac (26,092 SF)
Zoning code
C2
APN
4245-11-8861-0000
UPID
US53-2307446
Jurisdiction
PENDER
Zoning & alternative use
C2 · Surf City, NC
Zoning C2 · permitted uses
C2 · Surf City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surf City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
RADIANT
Stories
2
Buildings
5
Rooms
36
Bathrooms
6
Lot
0.6 ac
Current owner
From public records · entity-resolved
Gustino R Gonnella JR
Individual
Mailing address
98 BALLAST PT RD, HAMPSTEAD, NC 28443-1107
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$365,000
Gustino R Gonnella JR
Esther R Carter
Warranty Deed
$273,750 · The Loan Store INC
Jul 29, 2022
$7,000,000
Loggerhead Inn LLC
Loggerhead Holdings LLC
Warranty Deed
$4,000,000 · Loggerhead Holdings LLC
Oct 31, 2017
$1,200,000
Loggerhead Holdings LLC
Loggerhead INC
Warranty Deed
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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