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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Garden apartment buildings
706 Moore St 119, Southport, NC 28461
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0350211
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2022
Total area
9,340 SF
Lot
1.78 ac (77,537 SF)
APN
238GA024
UPID
US53-0350211
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
$1.35M
Blend (final)
Blend
$1.12M
Owner & transaction history
Allowance LLC · 1 yrs held
Allowance LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+54.3%
Warehouse, storage
$1.5M
+44.3%
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 Southport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southport 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)
$1,050,000
Current use
AUTO REPAIR, GARAGE
$1,620,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,515,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$119 / 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
$1,333,750
Assessed 2023
Previous assessed
$243,430
+447.9% YoY
Assessed land
$138,750
Assessed improvement
$1,195,000
Land market value
$138,750
Improvement market value
$1,195,000
Total market value
$1,333,750
Applied tax rate
21.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2022
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
9,340 SF
Lot
1.78 ac (77,537 SF)
APN
238GA024
UPID
US53-0350211
Jurisdiction
BRUNSWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
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
2022
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.78 ac
Current owner
From public records · entity-resolved
Allowance LLC
Entity
Free & Clear · 1 yrs held
Mailing address
113 S PO BOX 6280TH DR, OCEAN ISLE BEACH, NC 28469-0280
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
—
Allowance LLC
Tom L Alligood
Warranty Deed
—
Nov 4, 2021
$170,000
Robert Christopher Bailey
Smithville Partners LLC
Warranty Deed
$127,425 · Southern First Bank NA
Jul 22, 2019
$146,000
Tom L Alligood
Smithville Partners LLC
Warranty Deed
—
Jun 26, 2019
—
Gary Allen
Smithville Partners LLC
Quit Claim Deed
related
—
Jun 25, 2019
$160,000
Keener Insight Invs & Prop LLC
Smithville Partners LLC
Warranty Deed
—
Jun 25, 2019
$150,000
Kaybird Kash LLC
Smithville Partners LLC
Warranty Deed
—
Jun 24, 2019
$140,000
Basil C Miller
Smithville Partners LLC
Warranty Deed
—
Jun 24, 2019
$138,000
Thomas S Wilson
Smithville Partners LLC
Warranty Deed
—
Jun 10, 2019
—
Smithville Partners LLC
Prices Creek Holdings LLC
Correction Deed
related
—
May 20, 2019
$140,000
Shesaw LLC
Smithville Partners LLC
Warranty Deed
—
May 9, 2019
—
Gallins Properties LLC
Smithville Partners LLC
Warranty Deed
—
May 9, 2019
$150,000
Gallins Properties LLC
Smithville Partners LLC
Warranty Deed
—
Apr 26, 2019
$140,000
Gary Allen
Smithville Partners LLC
Warranty Deed
—
Apr 25, 2019
—
Smithville Partners LLC
Prices Creek Holdings LLC
Correction Deed
—
Apr 22, 2019
—
Smithville Partners LLC
Prices Creek Holdings LLC
Grant Deed
—
Jun 22, 2016
$650,000
Prices Creek Holdings LLC
Lothrop-smith Holdings LLC
Warranty Deed
related
$650,000 · Amy & Paul Lothrop
Dec 13, 2013
—
Lothrop-smith Holdings LLC
Smith,cameron L SR & Barbara L
Quit Claim Deed
related
—
Dec 30, 2008
—
Cameron L Smith JR.
—
Grant Deed
related
—
Mar 28, 2005
—
Lothrop Land Holdings LLC
Lothrop,paul B & Amy M
Quit Claim Deed
related
—
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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