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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Auto shops
909 Cedar Pt Blvd Cedar Point, NC 28584-8017
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2722493
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Construction
STEEL FRAME
Total area
8,450 SF
Lot
0.93 ac (40,380 SF)
Zoning code
B1
APN
5374.14.44.1334000
UPID
US53-2722493
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Mcneill & Associates INC · 8 yrs held
Mcneill & Associates INC
since 2017
3 recorded transactions
Zoning & alternative use
B1 · Cedar Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$880,000
+9.3%
Retail stores
$825,000
+2.5%
Medical building
$810,000
+0.5%
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 Cedar Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$805,000
Current use
RESTAURANT
$880,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$63 / 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
$4,209
Tax year 2022
Assessed value
$713,828
Assessed 2024
Previous assessed
$713,828
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$411,237
Assessed improvement
$302,591
Land market value
$411,237
Improvement market value
$302,591
Total market value
$713,828
Applied tax rate
37.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Total area
8,450 SF
Lot
0.93 ac (40,380 SF)
Zoning code
B1
APN
5374.14.44.1334000
UPID
US53-2722493
Jurisdiction
CARTERET
Zoning & alternative use
B1 · Cedar Point, NC
Zoning B1 · permitted uses
B1 · Cedar Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$805,000
RESTAURANT
Est. value
$880,000
RETAIL STORES
Est. value
$825,000
MEDICAL BUILDING
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$765,000
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2007
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Buildings
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Mcneill & Associates INC
Entity
Mailing address
601 PELLETIER LOOP RD, SWANSBORO, NC 28584-7502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 6, 2017
—
Mcneill & Associates INC
—
Deed
related
$996,000 · Coastal Bk&tr
—
—
Mcneill & Associates INC
—
Deed Of Trust
related
$450,000 · Coastal Bank & Trust
—
—
Mcneill & Associates INC
—
Deed Of Trust
related
$996,000 · Coastal Bk&tr
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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