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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Schools
746 Worthington Rd Winterville, NC 28590-7840
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-5538296
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2014
Total area
17,920 SF
Lot
23.95 ac (1,043,262 SF)
Zoning code
AR
APN
14133
UPID
US53-5538296
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
-
Christ Covenant School High School
-
Calvary Chapel East Carolina Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Christ Covenant School · 17 yrs held
Christ Covenant School
since 2008
5 recorded transactions
Zoning & alternative use
AR · Winterville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Agricultural-Residential District (AR) is established as a district to promote a compatible mixture of low-density residential and agricultural uses where urban development is expected to occur. The purpose of this district is to maintain lots of sufficient size to insure that residential development dependent upon septic tank systems for sewage disposal…
Zone name
Agricultural And Residential
General category
RESIDENTIAL
Zone area
2,627.01 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.4M
+39.7%
Auto repair, garage
$1.4M
+37.5%
Commercial (general)
$1.2M
+21.0%
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 Winterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winterville 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,005,000
Current use
RESTAURANT
$1,405,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,385,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,215,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$51 / 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
$39
Tax year 2023
Assessed value
$2,898,003
Assessed 2023
Previous assessed
$2,898,003
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$564,089
Assessed improvement
$2,333,914
Land market value
$564,089
Improvement market value
$2,333,914
Total market value
$2,898,003
Applied tax rate
70.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
17,920 SF
Lot
23.95 ac (1,043,262 SF)
Zoning code
AR
APN
14133
UPID
US53-5538296
Jurisdiction
PITT
Zoning & alternative use
AR · Winterville, NCZoning AR · permitted uses
AR · Winterville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Agricultural-Residential District (AR) is established as a district to promote a compatible mixture of low-density residential and agricultural uses where urban development is expected to occur. The purpose of this district is to maintain lots of sufficient size to insure that residential development dependent upon septic tank systems for sewage disposal and individual wells for water will occur at sufficiently low density to insure a healthful environment.
Zone name
Agricultural And Residential
General category
RESIDENTIAL
Zone area
2,627.01 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
23.95 ac
Current owner
From public records · entity-resolved
Christ Covenant School
Individual
Mailing address
4889 OLD TAR RD, WINTERVILLE, NC 28590-7852
Ownership since
2008
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
Jul 17, 2019
—
Christ Covenant School
—
Deed
related
$269,710 · Select Bk
Sep 17, 2008
$525,000
Christ Covenant School
Pohl LLC
Deed
$525,000 · Select Bank & Trust Company
Nov 1, 2004
$492,000
Pohl Partnership
Manning,nannie Lee W
Warranty Deed
—
—
—
Christ Covenant School
—
Deed Of Trust
related
$269,710 · Select Bk
—
—
Christ Covenant School
—
Deed Of Trust
related
$85,000 · Town Of Winterville
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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