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    Property profile & analytics

    7114 Virginia Dare Trl Nags Head, NC 27959-9126

    • Turn key restaurants
    • 8,585 SF
    • 1.81 lot acres
    OFF-MARKET
    Value Estimation
    $6,440,000
    Last Sale
    Oct 02, 2023
    $7,870,000
    Location Intelligence
    Property ID
    US53-2545238
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Owens' Restaurant / Fine Dining Restaurant / Live Music Bar

    Property Details for 7114 Virginia Dare Trl

    Year built
    1945
    Lot size
    1.81 lot acres
    Property size
    8,585 SF
    Property type
    Turn key restaurants
    APN
    9216000
    APU
    9216000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nags Head
    County
    Dare
    State
    North Carolina
    Longitude
    -75.5994
    Latitude
    35.9117
    CBSA code
    28620
    CBSA name
    KILL DEVIL HILLS, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,447
    $1,444,000
    $1,064,100
    $2,508,100
    -
    $1,444,000
    $1,064,100
    $2,508,100

    Comparable in this City

    • Value Estimation by Request
      4,896 SF

      4933 Croatan Hwy

      RESTAURANT • 4,896 SF
      4933 Croatan Hwy, Nags Head, NC 27959-9709
      View Details
    • Value Estimation
      $690,000
      8,416 SF

      6916 Croatan Hwy

      RESTAURANT • 8,416 SF
      6916 Croatan Hwy, Nags Head, NC 27959-9053
      View Details
    • Value Estimation
      $985,000
      7,050 SF

      102 Dove St

      RESTAURANT • 7,050 SF
      102 Dove St, Nags Head, NC 27959-8926
      View Details
    • Value Estimation by Request
      7,857 SF

      7013 Croatan Hwy

      RESTAURANT • 7,857 SF
      7013 Croatan Hwy, Nags Head, NC 27959-9056
      View Details
    • Value Estimation
      $2,365,000
      8,610 SF

      2217 Croatan Hwy

      RESTAURANT • 8,610 SF
      2217 Croatan Hwy, Nags Head, NC 27959-9010
      View Details
    • Value Estimation by Request
      13,785 SF

      7623 Virginia Dare Trl

      RESTAURANT • 13,785 SF
      7623 Virginia Dare Trl, Nags Head, NC 27959-9164
      View Details

    Similar Nearby for Sale

    • $575,000
      0.34 Acres

      Vacant Lot in Nags Head

      Vacant lot near Jockey's Ridge, ideal for vacation home.
      S Croatan Hwy, Nags Head, NC 27959
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    • $259,900
      20,016.00 Acres

      Outer Banks Homesite Opportunity

      Spacious homesite near Jockey's Ridge, Outer Banks. Build your dream home.
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    • $1,200,000
      34,000.00 Acres

      Approved Cottage Court Development Opportunity

      Approved cottage court development opportunity in Nags Head, North Carolina.
      7222 S Virginia Dare Trl, Nags Head, NC 27959
      View Details
    • $995,000
      33,720.00 Acres

      Semi-Oceanfront Lots in Nags Head

      Two semi-oceanfront lots near Outer Banks Pier and Oregon Inlet.
      9516 S Old Oregon Inlet Rd, Nags Head, NC 27959
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    • $595,000
      21,500.00 Acres

      Soundfront Commercial Lot For Sale

      Soundfront commercial lot in Nags Head, NC available for sale.
      7545 S Virginia Dare Trl, Nags Head, NC 27959
      View Details
    • $219,900
      19,989.00 Acres

      Nags Head Residential Homesite

      Cleared homesite ready for building your Outer Banks dream home.
      W Coastal Way, Nags Head, NC 27959
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.2k
    • Avg Time on site
      102 min
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    7114 Virginia Dare Trl
    Nags Head, NC 27959-9126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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