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    Property profile & analytics

    719 15th St Washington, NC 27889-3569

    • Strip malls
    • 18.58 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4722863
    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

    • Huckle Burger / Hamburger Restaurant / American Restaurant
    • The Wash House / Laundromat
    • Belk / Home Goods Store / Men'S Clothing Store

    Property Details for 719 15th St

    Year built
    1971
    Lot size
    18.58 lot acres
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    5676-74-8158
    APU
    5676748158

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,015,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -77.0581
    Latitude
    35.5597
    CBSA code
    47820
    CBSA name
    WASHINGTON, 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
    $154,201
    $3,277,843
    $11,785,252
    $15,063,095
    -
    $3,277,843
    $11,785,252
    $15,063,095

    Comparable in this City

    • Value Estimation
      $410,000
      17,848 SF

      2289 5th St

      SHOPPING CENTER, STRIP CENTER • 17,848 SF
      2289 5th St, Washington, NC 27889-9545
      View Details
    • Value Estimation
      $1,120,000
      54,422 SF

      1304 John Small Ave

      SHOPPING CENTER, STRIP CENTER • 54,422 SF
      1304 John Small Ave, Washington, NC 27889-3843
      View Details
    • Value Estimation
      $280,000
      8,276 SF

      2001 15th St

      SHOPPING CENTER, STRIP CENTER • 8,276 SF
      2001 15th St, Washington, NC 27889-3591
      View Details
    • Value Estimation
      $255,000
      8.90 Acres

      814 15th St

      SHOPPING CENTER, STRIP CENTER • 8.90 Acres
      814 15th St, Washington, NC 27889-3531
      View Details
    • Value Estimation
      $245,000
      0.68 Acres

      140 15th St, Unit 1

      SHOPPING CENTER, STRIP CENTER • 0.68 Acres
      140 15th St, Washington, NC 27889-3646
      View Details
    • Value Estimation
      $265,000
      6,389 SF

      609 John Small Ave

      SHOPPING CENTER, STRIP CENTER • 6,389 SF
      609 John Small Ave, Washington, NC 27889-4546
      View Details

    Similar Nearby for Sale

    • $4,650,000
      52,270 SF

      Washington, NC Shopping Center

      Prime Retail, 52,270 SF, 18 Units
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    • $1,350,000
      3.50 Acres

      Washington, NC Retail Opportunity

      3.5-acre prime retail plot, high traffic.
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    • $2,900,000
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      Prime Waterfront Land, Washington, NC

      5.89 Acres, Stunning River Views, Development Ready
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    • $745,000

      Commercial Building in Washington, NC

      4,000 sq ft commercial building on 0.87 acres.
      852 W 5Th St, Washington, NC 27889
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    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Washington, NC.
      2532 W 5Th St, Washington, NC 27889
      View Details
    • $1,200,000
      16,000 SF

      Prime Washington, NC Warehouse

      16,000 SF Industrial Property - $1.2M
      1385 John Small Ave, Washington, NC 27889
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      791 SF

      Downtown Retail Space Available

      Retail space for rent in downtown Washington, North Carolina.
      231 Mid Town Ln, Washington, NC 27889
      View Details
    • $3,900 /Mo
      5,000 SF

      Versatile Commercial Space in Washington

      5,000 sq ft commercial building suitable for various businesses.
      505 Hackney Ave, Washington, NC 27889
      View Details
    • $3,700 /Mo
      4,180 SF

      Versatile Commercial Space in Washington

      4,180 sq ft commercial space with flexible use options.
      630 E 10Th St, Washington, NC 27889
      View Details
    • $995 /Mo
      939 SF

      Downtown Washington Office Suite Rental

      Historic building office suite for rent in downtown Washington.
      229 Mid Town Ln, Washington, NC 27889
      View Details

    Property Visit Statistics

    • Visits by month
      27.2k
    • Visitors by month
      18.7k
    • Avg Time on site
      34 min
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    Washington, NC 27889-3569
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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