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Property profile & analytics
FOR LEASE
Office buildings
6900 Ocean Hwy W, Ocean Isle Beach, NC 28469
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1238920
For Lease
1 / 18
$2,000/Mo
6900 Ocean Hwy W, Ocean Isle Beach, NC 28469
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Total area
3,030 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CLD
APN
2110000808
UPID
US53-1238920
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
$480k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$625k
Owner & transaction history
Asap Realty Holdings LLC · 4 yrs held
Asap Realty Holdings LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
CLD · Ocean Isle Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$745,000
+28.2%
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 Ocean Isle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Isle 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
$515,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
RETAIL STORES
$745,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$525,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $600k (May 27 2022)
Last sale anchor
$600k
May 27 2022
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
$206 / 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
$569,240
Assessed 2023
Previous assessed
$269,230
+111.4% YoY
Assessed land
$181,200
Assessed improvement
$388,040
Land market value
$181,200
Improvement market value
$388,040
Total market value
$569,240
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
1993
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,030 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CLD
APN
2110000808
UPID
US53-1238920
Jurisdiction
BRUNSWICK
Zoning & alternative use
CLD · Ocean Isle Beach, NC
Zoning CLD · permitted uses
CLD · Ocean Isle Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Isle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$580,000
RETAIL STORES
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$490,000
OFFICE BUILDING Current
RETAIL STORES
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
1993
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Asap Realty Holdings LLC
Entity
Mailing address
6900 OCEAN HWY W, OCEAN ISLE BEACH, NC 28469-3535
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$600,000
Asap Realty Holdings LLC
Southeastern Prop Dev & Maintenance
Warranty Deed
$510,303 · First National Bank Of Pennsylvania
Nov 9, 2015
—
Southeastern Property Development &
Daniel K Mcrainey
Warranty Deed
—
Jul 1, 2015
$265,000
Daniel K Mcrainey
Joseph Ochs
Warranty Deed
$200,000 · First Bank
Apr 7, 2014
$203,000
Joseph Ochs
First Cmnty Bk
Grant Deed
—
Dec 20, 2012
$2,140,000
Cmnty Bk First
Holden,john W A
Warranty Deed
—
Jul 30, 2007
—
John A Holden
Babington,robert S & Carol
Warranty Deed
related
—
—
—
John A Holden
—
Deed Of Trust
related
$1,420,000 · Waccamaw Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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