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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
89 Hickman NW Rd Calabash, NC 28467-2001
Entity Owned
~
Est. High Equity
Property ID
US53-1764243
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
8,316 SF
Lot
4.06 ac (176,854 SF)
Zoning code
CLD
APN
22600020
UPID
US53-1764243
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
$1.49M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.55M
Owner & transaction history
Golden Ventures Vii LLC
Golden Ventures Vii LLC
since 2026
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
CLD · Calabash, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+11.7%
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 Calabash submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calabash 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
$1,500,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,040,000
Current use
RESTAURANT
$2,280,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.61M (Sep 1 2023)
Last sale anchor
$1.61M
Sep 1 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
$186 / 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
$2,205,840
Assessed 2023
Previous assessed
$1,158,060
+90.5% YoY
Assessed land
$589,510
Assessed improvement
$1,616,330
Land market value
$589,510
Improvement market value
$1,616,330
Total market value
$2,205,840
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
8,316 SF
Lot
4.06 ac (176,854 SF)
Zoning code
CLD
APN
22600020
UPID
US53-1764243
Jurisdiction
BRUNSWICK
Zoning & alternative use
CLD · Calabash, NCZoning CLD · permitted uses
CLD · Calabash, NC
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
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.3M
RETAIL STORES Current
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
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
Golden Ventures Vii LLC
Entity
Mailing address
2440 AGNES WAY, PALO ALTO, CA 94303-3503
Ownership since
2026
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
Apr 21, 2026
$1,684,500
Golden Ventures Vii LLC
Nazarian Frank
Special Warranty Deed
$1,347,748 · First Bank
Sep 1, 2023
$1,610,000
Frank E Nazarian
89 Hickman Road LLC
Special Warranty Deed
—
Aug 31, 2016
$1,857,000
89 Hickman Road LLC
Par 3 Development Group LLC
Special Warranty Deed
$1,000,000 · Zb NA
Feb 17, 2016
$300,000
Par 3 Development Group LLC
Bennett Commercial Properties LLC
Warranty Deed
$1,252,982 · American National Bank & Trust Co
Feb 17, 2016
$175,100
Calabash Land Holding LLC
Bennett Commercial Props LLC
Warranty Deed
—
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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