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Property profile & analytics
OFF-MARKET
Office buildings
655 Beaufort Rd Beaufort, NC 28516-8629
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5676250
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
WOOD
Total area
1,247 SF
Lot
0.46 ac (19,994 SF)
Zoning code
R15
APN
7306.15.53.4605000
UPID
US53-5676250
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
Lenster T Morton IV · 5 yrs held
Lenster T Morton IV
since 2020
Last sale
$70,000
5 recorded transactions
Zoning & alternative use
R15 · Beaufort, 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 Beaufort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaufort 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$940
Tax year 2022
Assessed value
$80,202
Assessed 2024
Previous assessed
$103,182
-22.3% YoY
Effective rate
1.17%
On assessed value
Assessed land
$56,610
Assessed improvement
$23,592
Land market value
$56,610
Improvement market value
$23,592
Total market value
$80,202
Applied tax rate
1,159.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,247 SF
Lot
0.46 ac (19,994 SF)
Zoning code
R15
APN
7306.15.53.4605000
UPID
US53-5676250
Jurisdiction
CARTERET
Zoning & alternative use
R15 · Beaufort, NC
Zoning R15 · permitted uses
R15 · Beaufort, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beaufort. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Lenster T Morton IV
Individual
Mailing address
PO BOX 251, MOREHEAD CITY, NC 28557-0251
Ownership since
2020
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
Oct 1, 2020
$70,000
Lenster T Morton IV
William E Crank JR.
Warranty Deed
$44,000 · William E JR Crank
Oct 11, 2011
$25,000
William Crank JR.
F & S Properties LLC
Warranty Deed
—
Oct 7, 2011
$25,000
William Crank JR.
F & S Properties LLC
Grant Deed
—
Jan 28, 2010
$100,000
William E Crank JR.
F & S Properties LLC
Grant Deed
related
—
May 24, 2006
$115,000
F & S Properties LLC
Judy Peregoy
Warranty Deed
$92,000 · First Citizens Bank & Trust Co
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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