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Property profile & analytics
OFF-MARKET
Estimated value
$10,720,000
Assisted living facilities
803 Bermuda Bay Blvd Kill Devil Hills, NC 27948-9537
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-3328996
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Total area
52,026 SF
Lot
4 ac (174,240 SF)
APN
8164003
UPID
US53-3328996
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
-
Spring Arbor of Outer Banks Nursing Home Retirement Community
-
Sherri Haber Physician
-
Claire Van Valkenburg Physician
-
Louisa Farr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.72M
Owner & transaction history
Nhi-reit Of Nc Springs LLC · 1 yrs held
Nhi-reit Of Nc Springs LLC
since 2024
Last sale
$10.7M
3 recorded transactions
Zoning & alternative use
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 Kill Devil Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kill Devil Hills 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
$10,720,000
ML approach
$10,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,875,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$10.72M
Range $9.65M – $11.79M · ±10% · vs last sale $10.72M (Oct 11 2024)
Last sale anchor
$10.72M
Oct 11 2024
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
$206 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$46,737
Tax year 2024
Assessed value
$6,186,200
Assessed 2024
Previous assessed
$6,186,200
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$771,900
Assessed improvement
$5,414,300
Land market value
$771,900
Improvement market value
$5,414,300
Total market value
$6,186,200
Applied tax rate
7.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
72
Total area
52,026 SF
Lot
4 ac (174,240 SF)
APN
8164003
UPID
US53-3328996
Jurisdiction
DARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.9M
RESTAURANT
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
72
Lot
4 ac
Current owner
From public records · entity-resolved
Nhi-reit Of Nc Springs LLC
Entity
Free & Clear · 1 yrs held
Mailing address
222 S ROBERT ROSE DR STE #40, MURFREESBORO, TN 37129-6346
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$10,719,000
Nhi-reit Of Nc Springs LLC
Spring Arbor Kill Devil Hills Nc La
Special Warranty Deed
—
Jun 2, 2022
$5,040,000
Spring Arbor Kill Devil Hills Nc La
Spring Arbor Of Nags Head LP
Special Warranty Deed
$197,467,466 · Capital Funding
Jun 2, 2022
—
Spring Arbor Kill Devil Hills Nc La
Spring Arbor Of Nags Head LP
Intrafamily Transfer
related
—
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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