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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Office buildings
6411 Ideal Cement Rd Castle Hayne, NC 28429
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-3482676
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
STEEL & CONCRETE
Total area
6,540 SF
Lot
91.1 ac (3,968,316 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R00600-001-008-000
UPID
US53-3482676
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
$1.80M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$1.97M
Owner & transaction history
CASTLE HAYNE DEVELOPMENT INC
CASTLE HAYNE DEVELOPMENT INC
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+22.0%
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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,185,000
Current use
RESTAURANT
$2,665,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$2,095,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,090,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$1,985,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$300 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,957
Tax year 2023
Assessed value
$2,720,300
Assessed 2023
Previous assessed
$2,720,300
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,044,500
Assessed improvement
$1,675,800
Land market value
$1,044,500
Improvement market value
$1,675,800
Total market value
$2,720,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
1
Units
1
Bathrooms
3
Total area
6,540 SF
Lot
91.1 ac (3,968,316 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R00600-001-008-000
UPID
US53-3482676
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Zoning I-2,INDUSTRIAL DISTRICT · permitted uses
I-2,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
1962
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
12
Units
1
Bathrooms
3
Lot
91.1 ac
Current owner
From public records · entity-resolved
CASTLE HAYNE DEVELOPMENT INC
Entity
Free & Clear · 0 yrs held
Mailing address
5700 LK WRIGHT DR STE #300, NORFOLK, VA 23502-1859
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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