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Property profile & analytics
FOR LEASE
Office buildings
690 Sunset Blvd North Sunset Beach, NC 28468
Entity Owned
16-yr Hold
Free & Clear
Property ID
US53-1236059
For Lease
1 / 3
$2,225,000
690 Sunset Blvd North, Sunset Beach, NC 28468
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Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Total area
20,315 SF
Lot
1.43 ac (62,291 SF)
Zoning code
MB1
APN
256CC00101
UPID
US53-1236059
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
$2.26M
Blend (final)
Blend
$2.23M
Owner & transaction history
Carolina Dreams Golf LLC · 16 yrs held
Carolina Dreams Golf LLC
since 2009
3 recorded transactions
Zoning & alternative use
MB1 · Sunset Beach, 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 Sunset Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunset Beach 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,595,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,525,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,295,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$110 / 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
$2,180,300
Assessed 2023
Previous assessed
$2,086,570
+4.5% YoY
Assessed land
$753,480
Assessed improvement
$1,426,820
Land market value
$753,480
Improvement market value
$1,426,820
Total market value
$2,180,300
Applied tax rate
11.0000
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
2007
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Bathrooms
6
Total area
20,315 SF
Lot
1.43 ac (62,291 SF)
Zoning code
MB1
APN
256CC00101
UPID
US53-1236059
Jurisdiction
BRUNSWICK
Zoning & alternative use
MB1 · Sunset Beach, NC
Zoning MB1 · permitted uses
MB1 · Sunset Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunset Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Bathrooms
6
Lot
1.43 ac
Current owner
From public records · entity-resolved
Carolina Dreams Golf LLC
Entity
Free & Clear · 16 yrs held
Mailing address
337 PENCO RD, WEIRTON, WV 26062-3828
Ownership since
2009
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
Nov 6, 2009
—
Carolina Dreams Golf LLC
Forum At Sunset Beach LLC
Deed In Lieu Of Foreclosure
—
Jul 13, 2007
—
Forum At Sunset Beach LLC
Orebaugh-smith Holding Co LLC
Warranty Deed
$3,200,000 · Cape Fear Bank
—
—
Carolina Dreams Golf LLC
—
Deed Of Trust
related
$1,500,000 · Wesbanco Bank INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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