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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Banks
796 Sunset N Blvd Sunset Beach, NC 28468-4337
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2042560
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Total area
4,423 SF
Lot
1.06 ac (46,174 SF)
Zoning code
MB1
APN
242NA00105
UPID
US53-2042560
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$329k
Blend (final)
Blend
$535k
Owner & transaction history
Francis A Waterman JR · 3 yrs held
Francis A Waterman JR
since 2023
Last sale
$550,000
1 recorded transaction
Zoning & alternative use
MB1 · Sunset Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Map 2017
Top alternative use upside
Commercial (general)
$710,000
+117.3%
Office building
$695,000
+112.3%
Auto repair, garage
$515,000
+57.2%
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 Sunset Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunset Beach 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
$510,000
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$325,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +117% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$515,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (May 30 2023)
Last sale anchor
$550k
May 30 2023
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
$121 / 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
Property tax & assessments
Assessed value
$1,629,430
Assessed 2023
Previous assessed
$1,051,450
+55.0% YoY
Assessed land
$556,920
Assessed improvement
$1,072,510
Land market value
$556,920
Improvement market value
$1,072,510
Total market value
$1,629,430
Applied tax rate
11.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,423 SF
Lot
1.06 ac (46,174 SF)
Zoning code
MB1
APN
242NA00105
UPID
US53-2042560
Jurisdiction
BRUNSWICK
Zoning & alternative use
MB1 · Sunset Beach, NCZoning MB1 · permitted uses
MB1 · Sunset Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map 2017
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$325,000
COMMERCIAL (GENERAL)
Est. value
$710,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$515,000
MEDICAL BUILDING
Est. value
$375,000
WAREHOUSE, STORAGE
Est. value
$355,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Francis A Waterman JR
Individual
Mailing address
606 PO BOX 736TH ST, CHESHIRE, MA 01225-0736
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$550,000
Francis A Waterman JR
Southstate Bank
Warranty Deed
$412,500 · The Citizens Bank
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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