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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
8526 Caratoke Hwy Powells Point, NC 27966-9780
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4837793
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
2,352 SF
Lot
96.77 ac (4,215,301 SF)
Zoning code
HI
APN
0124000137L0000
UPID
US53-4837793
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
-
H2OBX Waterpark Water Park Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$870k
Owner & transaction history
Bittersweet Farms LLC · 16 yrs held
Bittersweet Farms LLC
since 2009
2 recorded transactions
Zoning & alternative use
HI · Powells Point, 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 Powells Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Powells Point 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
by Request
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$370 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$217,219
Tax year 2023
Assessed value
$34,628,500
Assessed 2023
Previous assessed
$34,628,500
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$4,466,500
Assessed improvement
$30,162,000
Land market value
$4,466,500
Improvement market value
$30,162,000
Total market value
$34,628,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
9
Units
1
Total area
2,352 SF
Lot
96.77 ac (4,215,301 SF)
Zoning code
HI
APN
0124000137L0000
UPID
US53-4837793
Jurisdiction
CURRITUCK
Zoning & alternative use
HI · Powells Point, NC
Zoning HI · permitted uses
HI · Powells Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Powells Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Buildings
9
Units
1
Lot
96.77 ac
Current owner
From public records · entity-resolved
Bittersweet Farms LLC
Entity
Free & Clear · 16 yrs held
Mailing address
13 GRN MTN DR, COHOES, NY 12047-4807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2009
—
Bittersweet Farms LLC
Griggs,minnie S
Warranty Deed
related
—
—
—
Bittersweet Farms LLC
—
Deed Of Trust
related
$150,000 · Vandeventer Black LLP
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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