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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
708 Lumina S Ave, Wrightsville Beach, NC 28480-2106
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0678647
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Total area
3,072 SF
Lot
0.09 ac (3,790 SF)
Zoning code
C-2,COMMERCIAL
APN
R06319-004-008-000
UPID
US53-0678647
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
-
South End Surf Shop (Bike/Boat/Book/etc) Store
-
The Post Cafe Cafe & Coffee Shop
-
SUNdays Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$600k
Owner & transaction history
Degroote Ents LLC · 7 yrs held
Degroote Ents LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-2,COMMERCIAL · Wrightsville 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 Wrightsville Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wrightsville 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
RETAIL STORES
$985,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$930,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$790,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$195 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,601
Tax year 2023
Assessed value
$848,400
Assessed 2023
Previous assessed
$848,400
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$625,200
Assessed improvement
$223,200
Land market value
$625,200
Improvement market value
$223,200
Total market value
$848,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1947
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
6
Total area
3,072 SF
Lot
0.09 ac (3,790 SF)
Zoning code
C-2,COMMERCIAL
APN
R06319-004-008-000
UPID
US53-0678647
Jurisdiction
NEW HANOVER
Zoning & alternative use
C-2,COMMERCIAL · Wrightsville Beach, NC
Zoning C-2,COMMERCIAL · permitted uses
C-2,COMMERCIAL · Wrightsville Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wrightsville Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$980,000
MEDICAL BUILDING
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$790,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1947
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Bathrooms
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
Degroote Ents LLC
Entity
Mailing address
708 LUMINA AVE S, WRIGHTSVILLE BEACH, NC 28480-2106
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2018
$710,000
Degroote Ents LLC
Baucom Alvis M
Grant Deed
$494,000 · First Citizens Bk
Aug 14, 2017
—
Degroote Enterprises LLC
—
Deed
related
$675,000 · First Citizens Bk
Jul 23, 2014
$875,000
Degroote Ents LLC
Baucom,alvis M
Warranty Deed
$155,000 · Alvis M Baucom
Jan 22, 2010
$625,000
Alvis M Baucom
Yopp Esther N Trust
Grant Deed
—
—
—
Degroote Enterprises LLC
—
Deed Of Trust
related
$675,000 · First Citizens Bk
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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