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Property profile & analytics
OFF-MARKET
Turn key restaurants
9175 Caratoke Hwy, Point Harbor, NC 27964
Trust Owned
11-yr Hold
Free & Clear
Property ID
US53-5483175
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Total area
2,940 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GB
APN
13200001110000
UPID
US53-5483175
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
-
Masala Bay Grill, Indian Cuisine, Outer Banks Restaurant
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
Southern Bank & Trust Co · 11 yrs held
Southern Bank & Trust Co
since 2014
7 recorded transactions
Zoning & alternative use
GB · Point Harbor, 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 Point Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Point Harbor 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,983
Tax year 2023
Assessed value
$354,100
Assessed 2023
Previous assessed
$354,100
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$147,900
Assessed improvement
$206,200
Land market value
$147,900
Improvement market value
$206,200
Total market value
$354,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Units
1
Total area
2,940 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GB
APN
13200001110000
UPID
US53-5483175
Jurisdiction
CURRITUCK
Zoning & alternative use
GB · Point Harbor, NC
Zoning GB · permitted uses
GB · Point Harbor, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Point Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Southern Bank & Trust Co
Trust
Free & Clear · 11 yrs held
Mailing address
PO BOX 9TH 9, KILL DEVIL HILLS, NC 27948-0009
Ownership since
2014
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
Sep 4, 2018
—
Carotoke 9175 LLC
—
Deed
related
$300,000 · Town Bk
Aug 2, 2017
—
Carotoke 9175 LLC
—
Deed
related
$300,000 · Towne Bk
Nov 14, 2014
$299,700
Southern Bank & Trust Co
Robbins Elizabeth E|point Harbor Dev LLC
Trustees Deed
related
—
Aug 20, 2014
$54,000
Fargo Bk NA Wells
Ingle Grady I
Trustees Deed
related
—
May 22, 2008
$850,000
Point Harbor Development LLC
Schlachte Real Estate Holding LLC
Other
$872,500 · Bank Of The Commonwealth
—
—
Carotoke 9175 LLC
—
Deed Of Trust
related
$300,000 · Towne Bk
—
—
Carotoke 9175 LLC
—
Deed Of Trust
related
$300,000 · Town Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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