New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
7501 Emerald Dr, Emerald Isle, NC 28594-2918
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2711785
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
WOOD
Total area
6,963 SF
Lot
0.31 ac (13,460 SF)
Zoning code
RMH
APN
5393.06.39.2320000
UPID
US53-2711785
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
-
Emerald Isle Realty Vacation Rental Real Estate Agency
-
Heidi Barlow, Buy the Beach Realty Team Real Estate Agency
-
Laina Collins, Realtor - Emerald Isle Realty Real Estate Agency
-
Angela Clark-Real Estate Agent with Emerald Isle Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.34M
Owner & transaction history
Emerald Isle Realty INC · 18 yrs held
Emerald Isle Realty INC
since 2008
6 recorded transactions
Zoning & alternative use
RMH · Emerald Isle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+15.9%
Restaurant
$1.6M
+3.9%
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 Emerald Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emerald Isle 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%
$1,915,000
6.5%
$1,770,000
7%
$1,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,500,000
Current use
COMMERCIAL (GENERAL)
$1,735,000
Change: +16% · Conversion: Easy
RESTAURANT
$1,555,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$1,305,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$192 / 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
$4,538
Tax year 2022
Assessed value
$949,591
Assessed 2024
Previous assessed
$949,591
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$290,628
Assessed improvement
$658,963
Land market value
$290,628
Improvement market value
$658,963
Total market value
$949,591
Applied tax rate
1,556.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
3
Total area
6,963 SF
Lot
0.31 ac (13,460 SF)
Zoning code
RMH
APN
5393.06.39.2320000
UPID
US53-2711785
Jurisdiction
CARTERET
Zoning & alternative use
RMH · Emerald Isle, NC
Zoning RMH · permitted uses
RMH · Emerald Isle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emerald Isle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1993
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Emerald Isle Realty INC
Entity
Free & Clear · 18 yrs held
Mailing address
7501 EMERALD DR, EMERALD ISLE, NC 28594-2918
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2011
—
Emerald Isle Realty INC
—
Deed Of Trust
related
$1,700,000 · Branch Banking & Trust Co
Aug 31, 2009
—
Emerald Isle Realty INC
—
Deed Of Trust
related
$1,343,866 · Branch Banking & Trust Co
Jan 31, 2008
—
Emerald Isle Realty INC
Town Of Emerald Isle
Quit Claim Deed
related
—
—
—
Emerald Isle Realty INC
—
Deed Of Trust
related
$65,000 · Wachovia Bank NA
—
—
Emerald Isle Realty INC
—
Deed Of Trust
related
$743,097 · Branch Banking & Trust Co
—
—
Emerald Isle Realty INC
—
Deed Of Trust
related
$348,232 · Branch Banking & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7501 Emerald Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
