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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Retail space
701 Plz Blvd, Kinston, NC 28501-1515
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2535629
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
11,421 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B1
APN
452617016706
UPID
US53-2535629
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
Current use
Occupant on record · Public records
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.14M
Owner & transaction history
Flamingo Bay Properties LLC · 4 yrs held
Flamingo Bay Properties LLC
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
B1 · Kinston, 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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
$1,095,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.17M (Jan 13 2022)
Last sale anchor
$1.17M
Jan 13 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
$99 / 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,643
Tax year 2024
Assessed value
$1,402,053
Assessed 2024
Previous assessed
$1,402,053
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$450,000
Assessed improvement
$952,053
Land market value
$450,000
Improvement market value
$952,053
Total market value
$1,402,053
Applied tax rate
156.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
11,421 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B1
APN
452617016706
UPID
US53-2535629
Jurisdiction
LENOIR
Zoning & alternative use
B1 · Kinston, NC
Zoning B1 · permitted uses
B1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Flamingo Bay Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11 SHOAF ST, LEXINGTON, NC 27292-1272
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
—
Flamingo Bay Properties LLC
Svp Of Pinnacle Bank
Assignment Of Lease (leasehold Sale)
—
Jan 13, 2022
$1,165,000
Flamingo Bay Properties LLC
Pinnacle Bank
Special Warranty Deed
$500,000 · Triad Financial Services INC
Jun 29, 2021
—
Pinnacle Bank
Truist Bank
Intrafamily Transfer
related
—
May 26, 2021
—
Truist Bank
Truist Bank
Intrafamily Transfer
related
—
Aug 20, 2009
—
Branch Banking And Trust Co
Plaza And Heritage LLC
Deed
—
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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