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    Property profile & analytics

    6470 Caratoke Hwy Grandy, NC 27939-9619

    • Turn key restaurants
    • 3,567 SF
    • 3.38 lot acres
    OFF-MARKET
    Value Estimation
    $935,000
    Last Sale
    Apr 03, 2023
    $915,000
    Location Intelligence
    Property ID
    US53-5780901
    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

    • Rockstar karaoke entertainment / Stage Lighting Equipment Supplier / Wedding Venue
    • Nuts & Buds / Cannabis Store / Gift Shop

    Property Details for 6470 Caratoke Hwy

    Year built
    1970
    Lot size
    3.38 lot acres
    Property size
    3,567 SF
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    0094000122A0000
    APU
    0094000122A0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $895,000
      6.5%
      $1,020,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,110,000
      Geo Method
      $935,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $865,000
      Retail
      $990,000
      Mixed-Use
      $1,035,000
      Hospitality
      $975,000
      Educational
      $865,000
      Residential Income
      $995,000
      Energy
      $1,120,000
      Income-Based Land
      $840,000
      Food Service
      $1,045,000

    Location Insight

    • Map
    • Local Demand
    City
    Grandy
    County
    Currituck
    State
    North Carolina
    Longitude
    -75.8785
    Latitude
    36.2414
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN 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
    2023
    $3,127
    $314,300
    $199,600
    $513,900
    -
    $314,300
    $199,600
    $513,900

    Comparable in this City

    • Value Estimation
      $315,000
      3,120 SF

      6614 Caratoke Hwy

      RESTAURANT • 3,120 SF
      6614 Caratoke Hwy, Grandy, NC 27939-9623
      View Details
    • Value Estimation by Request
      1,820 SF

      6684 Caratoke Hwy

      RESTAURANT • 1,820 SF
      6684 Caratoke Hwy, Grandy, NC 27939-9623
      View Details
    • Value Estimation
      $540,000
      6,629 SF

      169 Walnut Is Blvd

      RESTAURANT • 6,629 SF
      169 Walnut Is Blvd, Grandy, NC 27939
      View Details
    • Value Estimation
      $525,000
      1,554 SF

      6691 Caratoke Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,554 SF
      6691 Caratoke Hwy, Grandy, NC 27939-9622
      View Details
    • Value Estimation by Request
      3,704 SF

      6465 Caratoke Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,704 SF
      6465 Caratoke Hwy, Grandy, NC 27939-9618
      View Details
    • Value Estimation
      $365,000
      1,758 SF

      6454 Caratoke Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,758 SF
      6454 Caratoke Hwy, Grandy, NC 27939-9619
      View Details

    Similar Nearby for Sale

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      Grandy Highway Commercial Lot

      Prime location, 3.45 acres, highway frontage.
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      Waterfront lot with paid water tap and direct sound access.
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      Almost an acre lot in a peaceful, private cul-de-sac.
      107 Betsy Ct, Grandy, NC 27939
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    • $549,000
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      Highway Land in Grandy, NC

      Two lots on a busy highway near the Outer Banks.
      lot 2 & 3 6900&6894 Caratoke Hwy, Grandy, NC 27939
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    • $439,000
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      Highway Frontage Commercial Land Opportunity

      11.47 acre commercial land with high visibility and traffic.
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    Grandy, NC 27939-9619
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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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