Entity Owned Property summary
AI-generated overview
The property is a soundfront commercial assemblage located along the Virginia Dare Trail Causeway in Nags Head. It comprises 17 unit parcels with direct waterfront exposure and boardwalk access, and includes a combination of indoor and outdoor seating totaling over 300 seats. Improvements are configured for multiple commercial uses, including restaurants with both indoor and outdoor seating, retail spaces, a brewery tasting room, an ice cream shop, and office suites. The site is located within Nags Head’s General C-2 zoning and the Water Sports Overlay District, which allows a range of commercial and mixed-use concepts subject to applicable approvals.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1981
Total area
595 SF
APN
7101006
UPID
US53-3557209
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bar & Pub
-
Art Studio
-
Real Estate Agency
-
Real Estate Agency
-
(Bike/Boat/Book/etc) Store Pet Store & Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$5.11M
Owner & transaction history
since 2022
Last sale
$3.8M
4 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.11M
Value range
$4.59M – $5.62M
±10% around blend
Estimated value / SF
$8,580 / SF
Confidence
Property data
75
Market benchmarks
100
Comparable evidence
60
$4.59M
blend $5.11M
$5.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
595 SF
Year built
1981
Stories
1
APN
7101006
Assessed value
$70,200
Annual tax
$232
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.65M
Range $702k – $7.60M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$10,049
-15%
Submarket 22 sales
$10,049
-15%
County 69 sales
$3,538
+142%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $8,580/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.75M
Move the market yield to see immediate price impact.
Value / SF
$6,303
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$236k
$4.73M
$3.37M
$2.63M
$263k
$5.25M
$3.75M
$2.92M
$289k
$5.78M
$4.12M
$3.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$232
Tax year 2024
Assessed value
$70,200
Assessed 2024
Previous assessed
$70,200
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$32,000
Assessed improvement
$38,200
Land market value
$32,000
Improvement market value
$38,200
Total market value
$70,200
Applied tax rate
14.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
595 SF
APN
7101006
UPID
US53-3557209
Jurisdiction
DARE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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