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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Commercial real estate
718 Atlantic Bch Cswy, Atlantic Beach, NC 28512-7344
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2875890
Property summary
AI-generated overview
This exceptional .2-.25 acre commercial development opportunity in Atlantic Beach, NC, presents a unique chance to build a substantial project. Located at 718 Atlantic Beach Causeway, 28512, this property boasts 439 feet of waterfront frontage on Bogue Sound and the Intracoastal Waterway (ICW), offering unrestricted views. The land is zoned COR (Commercial Corridor), allowing for diverse commercial and residential uses, including the potential for a mixed-use marina development. A 32-bedroom construction authorization with existing septic approval is in place, significantly streamlining the development process. Deep-water slip potential further enhances the property's appeal. Conceptual plans are available for review. This is a trophy development site, ideal for a discerning investor seeking a high-impact project in a prime coastal location. Individual parcels are available for sale at $999,000 each, or all four lots can be purchased together. Carteret County location provides easy access to local amenities and attractions. Don't miss this rare chance to acquire a truly exceptional waterfront property.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1953
Total area
9,690 SF
Lot
0.22 ac (9,583 SF)
Zoning code
GB
APN
6385.09.07.0261000
UPID
US53-2875890
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
$1.44M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.50M
Owner & transaction history
Ssl Realty LLC · 3 yrs held
Ssl Realty LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GB · Atlantic 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 Atlantic Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic 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
$1,540,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
RESTAURANT
$2,165,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$2,085,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.50M (Aug 11 2022)
Last sale anchor
$1.50M
Aug 11 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
$154 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,869
Tax year 2022
Assessed value
$517,020
Assessed 2024
Previous assessed
$520,344
-0.6% YoY
Effective rate
0.55%
On assessed value
Assessed land
$511,700
Assessed improvement
$5,320
Land market value
$511,700
Improvement market value
$5,320
Total market value
$517,020
Applied tax rate
1,352.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1953
Heating
FLOOR FURNACE
Stories
1
Bathrooms
2
Total area
9,690 SF
Lot
0.22 ac (9,583 SF)
Zoning code
GB
APN
6385.09.07.0261000
UPID
US53-2875890
Jurisdiction
CARTERET
Zoning & alternative use
GB · Atlantic Beach, NC
Zoning GB · permitted uses
GB · Atlantic Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
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
1953
Heating
FLOOR FURNACE
Stories
1
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ssl Realty LLC
Entity
Mailing address
8400 LAWDRAKER RD, APEX, NC 27539-7692
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Ssl Realty LLC
—
Deed
related
$419,822 · Providence Bank
Aug 11, 2022
$1,500,000
Ssl Realty LLC
Roger L Crowe JR
Warranty Deed
$1,125,000 · First Citizens Bank And Trust Co In
Jan 30, 2018
—
Hales,william E Trust
Hales William E Trust
Quit Claim Deed
related
—
Dec 11, 2017
—
Hales,william E Trust
Hales William E
Quit Claim Deed
related
—
Jul 28, 2014
$50,000
Channel M Real Estate LLC
Myers,edward W & Kathy A
Grant Deed
—
Sep 30, 2009
$5,000
Edward W Myers
Channel M Real Estate LLC
Grant Deed
—
May 28, 2008
—
Channel M Real Estate LLC
Griffith,susan C
Grant 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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