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Property profile & analytics
OFF-MARKET
Investment properties
666 Hughes Blvd Elizabeth City, NC 27909-4531
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-4518648
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Construction
FRAME
Lot
1.92 ac (83,635 SF)
Zoning code
GB
APN
891309051841
UPID
US53-4518648
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
Morgan Pointe Apartments LLC · 8 yrs held
Morgan Pointe Apartments LLC
since 2018
1 recorded transaction
Zoning & alternative use
GB · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also permitted within this district, the maximum residential density allowed within the GB District is approximately 10 to 12 multi family dwelling…
Zone name
General Business
General category
COMMERCIAL
Zone area
1,405.58 ac
Source
Realmo
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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$28,871
Tax year 2023
Assessed value
$442,500
Assessed 2023
Previous assessed
$442,500
+0.0% YoY
Effective rate
6.52%
On assessed value
Land market value
$392,900
Improvement market value
$49,600
Total market value
$442,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1935
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Units
1
Lot
1.92 ac (83,635 SF)
Zoning code
GB
APN
891309051841
UPID
US53-4518648
Jurisdiction
PASQUOTANK
Zoning & alternative use
GB · Elizabeth City, NCZoning GB · permitted uses
GB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also permitted within this district, the maximum residential density allowed within the GB District is approximately 10 to 12 multi family dwelling units per gross acre
Zone name
General Business
General category
COMMERCIAL
Zone area
1,405.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1935
Construction
FRAME
Heating
NONE
Cooling
Yes
Units
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Morgan Pointe Apartments LLC
Entity
Mailing address
PO BOX 1877, KILL DEVIL HILLS, NC 27948-1877
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2018
—
Morgan Pointe Apartments LLC
—
Deed
related
$3,681,000 · Churchill Mortgage Construction LLC
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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