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Property profile & analytics
OFF-MARKET
Turn key restaurants
7801 Emerald Dr, Emerald Isle, NC 28594-2810
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2865853
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
WOOD
Total area
1,702 SF
Lot
0.35 ac (15,420 SF)
Zoning code
R2
APN
5393.05.18.8942000
UPID
US53-2865853
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
-
Shepard Barbecue Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Isle Fry Properties LLC · 10 yrs held
Isle Fry Properties LLC
since 2016
4 recorded transactions
Zoning & alternative use
R2 · Emerald Isle, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,312
Tax year 2022
Assessed value
$477,635
Assessed 2024
Previous assessed
$477,635
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$427,680
Assessed improvement
$49,955
Land market value
$427,680
Improvement market value
$49,955
Total market value
$477,635
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,702 SF
Lot
0.35 ac (15,420 SF)
Zoning code
R2
APN
5393.05.18.8942000
UPID
US53-2865853
Jurisdiction
CARTERET
Zoning & alternative use
R2 · Emerald Isle, NC
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Isle Fry Properties LLC
Entity
Mailing address
201 W ATLANTIC BLVD, ATLANTIC BEACH, NC 28512-5729
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2016
$320,000
Isle Fry Properties LLC
Seekhm Land Investment LLC
Warranty Deed
$350,000 · Branch Bk&tr
Nov 15, 2007
—
Seekhm Land Investments LLC
Harlacher,stephan W & Erika B
Grant Deed
—
Aug 16, 2007
$420,000
Stephen W Harlacher
Emerald Isle Property Mgmt LLC
Warranty Deed
—
—
—
Seekhm Land Investments LLC
—
Deed Of Trust
related
$110,000 · 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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