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Property profile & analytics
OFF-MARKET
Warehouses
845 Hibbs Rd, Newport, NC 28570-9126
Entity Owned
Free & Clear
Property ID
US53-2870982
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.59 ac (25,831 SF)
Zoning code
B1
APN
6337.04.71.8792000
UPID
US53-2870982
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
-
Wood Lawn & Landscaping LLC Landscaping General Contractor
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
Wood Investments LLC
Wood Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
B1 · Newport, 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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
$640
Tax year 2022
Assessed value
$108,737
Assessed 2024
Previous assessed
$108,737
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$26,234
Assessed improvement
$82,503
Land market value
$26,234
Improvement market value
$82,503
Total market value
$108,737
Applied tax rate
35.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Bathrooms
3
Total area
2,400 SF
Lot
0.59 ac (25,831 SF)
Zoning code
B1
APN
6337.04.71.8792000
UPID
US53-2870982
Jurisdiction
CARTERET
Zoning & alternative use
B1 · Newport, NC
Zoning B1 · permitted uses
B1 · Newport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Bathrooms
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Wood Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
845 HIBBS RD, NEWPORT, NC 28570-9126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2025
—
Wood Investments LLC
Wood Lawn & Landscaping LLC
Warranty Deed
—
Aug 26, 2015
$51,500
Wood Lawn & Landscaping LLC
Gary W Wood
Warranty Deed
$51,251 · First Citizens Bank & Trust Co
May 13, 2010
—
Gary W Wood
—
Trustees Deed
related
$78,500 · East Carolina Bank
Mar 5, 2009
$43,000
Gary W Wood
Humphrey-nelson Ptshp
Warranty Deed
$32,250 · East Carolina Bank
Jun 1, 2006
$35,000
Humphrey-nelson Ptshp
Smith,misty D
Warranty Deed
—
Aug 17, 2005
—
Misty D Smith
Miller,debra K
Warranty Deed
related
—
—
—
Gary W Wood
—
Deed Of Trust
related
$78,500 · The East Carolina 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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