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Property profile & analytics
OFF-MARKET
Estimated value
$8,840,000
Commercial real estate
8700 Emerald Dr, Emerald Isle, NC 28594-2400
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-2835990
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,071 SF
Lot
10.11 ac (440,392 SF)
Zoning code
B3
APN
5383.07.67.4976000
UPID
US53-2835990
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
-
Just Hair Hair Salon
-
Ocean Nail & Spa Nail Salon
-
Rucker Johns Restaurant Restaurant
-
Michaelangelo's Pizza & Subs Restaurant
-
Shark's Den Sports Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.84M
Owner & transaction history
Premier Capital Emerald LLC
Premier Capital Emerald LLC
since 2025
Last sale
$12.0M
5 recorded transactions
Zoning & alternative use
B3 · 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
Method
Estimation
Statistic approach
$12,325,000
ML approach
$9,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10% · vs last sale $12.00M (Oct 20 2022)
Last sale anchor
$12.00M
Oct 20 2022
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
$878 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$46,879
Tax year 2022
Assessed value
$9,662,600
Assessed 2024
Previous assessed
$9,662,600
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$3,614,325
Assessed improvement
$6,048,275
Land market value
$3,614,325
Improvement market value
$6,048,275
Total market value
$9,662,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
10,071 SF
Lot
10.11 ac (440,392 SF)
Zoning code
B3
APN
5383.07.67.4976000
UPID
US53-2835990
Jurisdiction
CARTERET
Zoning & alternative use
B3 · Emerald Isle, NC
Zoning B3 · permitted uses
B3 · 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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
10.11 ac
Current owner
From public records · entity-resolved
Premier Capital Emerald LLC
Entity
Mailing address
3301 ATLANTIC AVE, RALEIGH, NC 27604-1658
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Premier Capital Emerald LLC
10f Emerald Plantation LLC
Warranty Deed
$11,200,000 · Standard Insurance Co
Nov 14, 2025
$15,850,000
Premier Capital Emerald LLC
10f Emerald Plantation LLC
Special Warranty Deed
—
Oct 20, 2022
—
10f Emerald Plantation LLC
Emerald Plantation Partners LLC
Warranty Deed
$8,125,000 · First Carolina Bank
Aug 26, 2022
—
Emerald Plantation Partners LLC
—
Deed
related
$7,000,000 · North State Bank
Feb 26, 2016
—
Emerald Plantation Partners LLC
Emerald Plantation Delaware LLC
Special Warranty Deed
$7,000,000 · North State 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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